Liechtenstein-headquartered VP Bank has appointed former
senior Credit Suisse private banker as a member of its group executive
management, taking charge of the newly created client business segment.

Mauchle is the fourth member of the group executive management
and takes responsibility for the client business segment on 1 October. This
segment is made up of all client-oriented units of the group.

A Swiss citizen, Mauchle, has more than 30 years of banking
experience. In his latest role, he was responsible for the German, Luxembourg and
Austrian markets as head of private banking at Credit Suisse.

Thee two client-oriented business segments Banking
Liechtenstein & Regional Market and Private Banking International were
merged to form the new client business segment on 1 July.

From the start of October, group executive management will
be composed of Alfred Moeckli (chief executive), Christoph Mauchle (head of Client
business), Juerg Sturzenegger (chief operating officer) and Siegbert Näscher (chief
financial officer).