People Moves
VP Bank Continues Singapore Expansion
The European bank's Singapore business continues to build out its team.
VP Bank in Singapore has added senior figures to its private banking team in the Asian city-state. The firm said yesterday that Davin Wong and James Long have joined.
Wong, executive director and team head, has worked in the financial services industry in Singapore for two decades for the likes of United Overseas Bank, ANZ and, most recently, as team head at Julius Baer. He holds a degree in accounting and finance and a master of commerce, advanced finance from the University of New South Wales, Australia.
In his new role, Wong will report to Karen Tan, head of private banking.
Leong, meanwhile, has 30 years of wealth management experience, ranging from treasury to wealth planning. In his last role, he was a senior relationship manager at Julius Baer and prior to that for ING, Bank of Singapore and Credit Suisse. He holds an MBA from Nanyang Business School.
At VP Bank Leong is executive director and senior RM, reporting to Davin Wong.
“We are pleased for Davin and James to have come on board and look forward to working closely with both [of them] to further build our franchise across Asia by tapping their vast network for VP Bank’s benefits. We are confident that they will contribute significantly to the further growth of our activities in the Asian markets,” Reto Marx, head of client businesses at VP Bank Singapore branch, said.
The hiring adds to VP Bank’s Asian expansion. In July, VP Bank said that it had signed a letter of intent for a strategic cooperation with Hywin Wealth Management, another example of business pacts between Western banks and local players.
Earlieer this year, VP Bank appointed Paul Arni as the new chief executive. Most recently, he was head of wealth management for Switzerland and a member of the board of management of Deutsche Bank (Switzerland).
Among other hires, VP Bank’s Singapore branch appointed Thomas Jost as head of intermediaries, a role that helped it to ramp up its move into the market for external asset managers.
