Strategy & Practice Management

VP Bank re-affirms commitment to growth in Asia

VP Bank has restated its commitment to Asia via a mix of recruitment, examining possible new target markets and inorganic growth through M&A.

Immediate plans include the strengthening of the local management team through the hiring of relationship managers, and the boosting of credit and compliance competencies as regulatory pressures intensify within the region.

Bruno Morel will spearhead this growth as the recently-appointed chief executive officer of VP Bank in Singapore. He was most recently head of private banking and executive vice president at CIC.

Specifically in Singapore, VP Bank is looking to double its size in Singapore within three years, he said.

Added Christoph Mauchle, head of client business of VP Bank Group and member of group executive management: “Asia will continue to play a central role in VP Bank’s plans, as we look to increase the share of our group revenues which are attributable to foreign target markets.”