VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020

HONG KONG SAR – Media OutReach – 18 January 2021 – VP Bank Ltd Singapore
Branch has been awarded ‘Best Private Bank — Intermediary Services’ in the Asian
Private Banker Awards for Distinction
2020. The win is testament to the bank’s long-standing expertise and commitment
to financial intermediaries across the Asia-Pacific region.

As a valued partner for intermediaries, VP Bank’s unique
services make up for more than half its business – unlike any other bank. These
services come under the bank’s hybrid business model, where basic banking services,
on behalf of end-customers, are designed to be as efficient, dependable and
cost-effective as possible. These services are further complemented by VP
Bank’s fund solutions offerings and IT infrastructure, such as the VP Bank
e-banking^PLUS platform.

“We are honoured to accept this award from the Asian Private
Banker, and I am thankful to our colleagues, clients and partners for their support
and trust that has helped us achieve this recognition. We are in a strong
position to expand our network, and offer excellent services for external asset
managers, family offices and trustees,” said Thomas Jost, Head Intermediaries
at VP Bank Ltd Singapore Branch.  

“In Asia, VP
Bank is well-placed to provide our clients with an integrated offering through
our Singapore wealth hub, drawing on our global expertise, ecosystem of
partners and long-standing experience in serving our Intermediaries and Private
Banking clients. ” added Reto Marx, Head Intermediaries & Private
Banking.

Bruno Morel, VP
Bank’s Singapore Branch CEO, underscored the growing importance of the Bank’s
Asia business to be its partnership with Hywin Wealth Management Co Ltd.,
offering VP Bank the opportunity to build up business activities in the Chinese
market and advance VP Bank’s Asia strategy together with a highly professional
and reputable partner in China. In 2021, VP Bank will be intensifying the partnership
with Hywin Wealth by continuously advancing business activities together in
this attractive region. Most recently, VP Bank has also announced that it will
be accelerating its digital transformation as an important milestone and key
component of its Strategy 2026.

Commenting on VP Bank’s win, editor of
Asian Private Banker, Sebastian Enberg who also chairs the judging panel for
the Awards for Distinction said, “VP Bank’s patent commitment to Asia’s
independent asset management community is well evidenced by its continued and
meaningful investments in servicing, solutions, and digital capabilities, with
the intent of supporting Independent Asset Managers and their clients beyond
their traditional banking needs. This dedication is laudable in an industry
where IAMs are not typically viewed as a core business priority, let alone
partners. And it’s yielding results. In 2020 — and amid challenging conditions
— VP Bank in Asia realised a marked increase in the quality of its IAM
relationships, including in North Asia, healthy new asset inflows, and further
added to its team of Intermediaries specialists, thereby distinguishing itself
in a highly competitive space.”

The Asian Private
Banker Awards for Distinction sets
the benchmark for excellence in private wealth management in the region. The
judging panel includes members of Asian Private Banker’s editorial team.