VP Bank announces appointment of Group Chief Risk Officer
VP Bank’s Board of Directors has announced the appointment of Patrick Bont as Group Chief Risk Officer from November 2020.
The Chief Risk Officer of VP Bank is responsible for the Group-wide Group Legal Services, Group Compliance and Group Risk departments, the firm said in a press release.
Patrick Bont is a recognized financial market expert with broad experience in risk management, legal & compliance, digitisation and financial market regulation. Bont has held various management positions at the Liechtenstein Financial Market Authority (FMA) since 2009, VP Bank reports.
Since 2015 he was a member of the Executive Board and Head of the Banking Division. In this function, he was responsible for the supervision of banks, investment firms, e-money and payment institutions in Liechtenstein. From 2001 to 2009 he had previously held various management positions at UBS in Zurich and Hong Kong, most recently as Head of Business Management Legal & Compliance in the Corporate Center.
Bont holds a Master's degree in Law from the University of St. Gallen and an Executive Master of Laws (LL.M) from the University of Liechtenstein as well as an Executive Master in Digital Transformation from the University of Applied Sciences in Chur. He is also a lecturer at the University of Liechtenstein. Patrick Bont is a Swiss citizen.
Paul Arni, CEO, VP Bank, said: “Patrick Bont is a particularly experienced management personality with outstanding knowledge in the areas of risk management, compliance and corporate governance. He is very familiar with the Liechtenstein financial centre, and his extensive experience will be of great value in the further development of VP Bank as well as in the implementation of our 2025 growth strategy.”