VP Bank has streamlined its organizational structure with key new appointments, reinforcing its dedication to Asia and focusing on sustainable, profitable growth at its Singapore branch.
Asia continues to be a crucial region for VP Bank Group, with Singapore positioned as a strategic hub for its growth plans.
As part of a sharpened strategy, VP Bank has appointed industry veterans Reto Marx and Thomas Rupf as co-heads of the Singapore branch. The bank has a relentless focus on fostering synergies between the intermediaries and private banking client segments. It aims to leverage the city-state's robust financial infrastructure, strategic location and forward-looking regulatory environment to focus on opportunities in a targeted manner in the fast-growing Asian markets.
VP Bank’s strength lies in its deep-rooted expertise and established presence in the intermediaries segment, which is integral to the bank’s identity. This expertise allows the bank to expertly anticipate and address the evolving needs of its clients, delivering customized financial solutions that align with their goals and priorities. In private banking, VP Bank provides affluent individuals with personalized advice, expertise, and access to a global network. The private banking division complements the intermediaries business, benefiting from valuable synergies, including a cutting-edge digital platform.
"We see immense growth potential in Asia, and Singapore is an integral part of VP Bank's growth strategy in this region", said Thomas Rupf, co-head Singapore and chief investment officer Asia. "As a leading bank for Intermediaries, we are committed to strengthening our leadership position, and are confident in our ability to drive sustainable growth and deliver exceptional value to our Intermediaries and our private banking clients in Singapore and beyond".
"By focusing on our core strengths, we are not only adapting to the current market environment but also setting the stage for future success. Looking ahead, the optimised organization will further enhance our operational agility to support our clients' wealth management ambitions. We will continue to build on our strong foundation in Singapore to offer unparalleled service to our clients and be their trusted wealth management partner of choice", added Reto Marx, co-head of Singapore and chief risk officer in Asia.
Both Reto and Thomas are experienced bankers with over 20 years of experience and a background in the financial services sector. They will together focus on sustainable, profitable growth in both the intermediaries and private banking businesses.