VP Bank strengthens leadership with Co-Heads to lead Singapore Branch; reaffirms commitment to growth in Asia through Singapore location

Asia remains an important region for VP Bank Group, with Singapore serving as a strategic cornerstone for its growth trajectory. As part of a sharpened strategy, which includes the appointment of industry veterans Reto Marx and Thomas Rupf as Co-Heads of the Singapore Branch as well as a continued relentless focus on fostering synergies between the Intermediaries and Private Banking client segments, the Bank will 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 core competency lies in its deep expertise and established presence in the Intermediaries segment. This core competency is ingrained in its DNA, enabling the Bank to uniquely understand and anticipate the sophisticated and evolving needs of its clientele in order to deliver tailored financial solutions that meet their goals and priorities. In the area of Private Banking, the Bank also offers wealthy individuals its expertise, personalised advice and international network. The Private Banking business complements the Intermediaries business and benefits from the significant synergies created, including a state-of-the-art 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 & 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 organisation 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 Singapore and Chief Risk Officer Asia.

Both Reto and Thomas are seasoned bankers, each with more than 20 years of experience and expertise in the financial services industry. Together, they will prioritise sustainable, profitable growth in both the Intermediaries and Private Banking segments.