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VP Bank Announces Organisational Updates and New Appointments in Asia

SINGAPORE – Media OutReach – 30 July 2021 -
Leading international wealth manager and private bank, VP Bank Ltd, today
announced several key changes within its Asia organisation. These appointments
further affirm the bank’s dedication towards Strategy 2026, to grow its client
relations and enhancing
its
competitive edge to seize opportunities in the region.


 


VP Wealth Management
(Hong Kong) Ltd


 


Organisational Updates


 


1.      
After a
15-year career with the bank, Clare Lam will be retiring from her role
as Chief Representative/Head of Hong Kong on 30 September 2021. Clare will
assume the role of Senior Advisor, effective 1 October 2021 (subject to the
official appointment of the new Chief Representative/Head of Hong Kong). We
thank Clare for her dedication and continued support for our Hong Kong office.


 


2.      
As
testament to the depth of VP Bank’s internal talents, Reto Marx will
move from his current role as Head of Intermediaries and Private Banking
Singapore to assume the responsibility of Chief Representative/Head of Hong
Kong, effective 1 October 2021. Reto is a highly regarded financial
professional with strong experience in private banking, asset management and
intermediaries business. In his new role, Reto will relocate to Hong Kong and
report to Chief Executive Officer Asia, Pamela Hsu Phua.


 


VP Bank Ltd Singapore
Branch


 


New Appointment


 


1.      
Esther Fung joins as a Senior Wealth Planning Specialist in the rank of an
Executive Director, with immediate effect. Given her extensive experience
across Singapore and Hong Kong, Esther will support the development and
broadening of VP Bank’s wealth and succession planning solutions in Asia. She
brings over two decades of experience serving ultra-high net worth individuals
and families providing sound advice and expertise to meet their wealth planning
and family office needs. Prior to joining VP Bank, Esther worked for DBS, Equity
Trust and BNP Paribas, and is a full member of the STEP organisation.


 


Organisational Updates


 


1.      
Thomas Jost will be leaving the bank from his role as Head of Intermediaries Singapore to pursue
other opportunities, with Markus Wolf stepping in to take over the role ad
interim, effective 1 August 2021. Markus joined VP Bank
Singapore in 2019 and was supporting the firm’s strategic plans in Asia. He has
more than 15 years of Asia private banking experience in strategy development
and business management. He will be reporting to the interim Head of Singapore,
Thomas Rupf.


 


2.       Luca Kast will assume the newly created
role of Business Manager Asia, reporting to Chief of Staff Asia, Heline Lam, effective
16 August 2021. Currently as
Deputy Head of Operations Singapore, Luca has been with VP Bank for 4 years and
in his new capacity, he will work closely with Heline to drive the strategic business
initiatives for the region.


 


3.      
Karen Tan, Head of Private Banking Singapore, will
continue to lead the Private Banking business, reporting to interim Head of
Singapore, Thomas Rupf.


 


“Through strengthening
our team in Asia, VP Bank continues to be in a solid position to accelerate our
growth in line with Strategy 2026. With Asia being a market of immense
opportunities for VP Bank, we look forward to achieving greater success within
the region,” highlighted Pamela Hsu Phua, CEO Asia of VP Bank.


 


VP Bank has geared its
Strategy 2026 towards becoming an international Open Wealth Service pioneer for
intermediaries and private clients.


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