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VP Bank Continues Singapore Expansion
Tom Burroughes
6 December 2019
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. 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.
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.