The organisational structure of VP Bank Group

VP Bank Group is subdivided into four business segments: Banking Liechtenstein & Regional Market, Private Banking International, Chief Operating Officer (COO) and Chief Financial Officer (CFO) & Corporate Center.

 

Changes to the organisational structure in the 2012 financial year

At the beginning of the year, the Board of Directors of VP Bank agreed on organisational and personnel changes aimed at increasing the responsibilities borne by the local offices, thereby taking a further step towards aligning the organisation with the specific requirements of the given market. Since 1 January 2012, the range of tasks of Group Executive Management and the Executive Board at the parent bank in Vaduz are now more clearly defined and allocated.

VP Bank’s most important market segment, Banking Liechtenstein & Regional Market, is now represented in Group Executive Management. The Head of Commercial Banking has also been a member of the Executive Board at the Vaduz location since the start of 2012. 

Group Executive Management at VP Bank comprises Siegbert Näscher (Chief Financial Officer) and Juerg W. Sturzenegger (Chief Operating Officer). Both have acted as joint Chief Executive Officers on an ad interim basis following the departure of the former CEO, Roger H. Hartmann.

Effective as of 1 January 2012, the Wealth Management Solutions (WMS) unit, previously headed by Juerg W. Sturzenegger, was integrated into the new Investment Services Center organisational unit of the Private Banking International business segment.

Also on 1 January 2012, the tasks of the Private Banking Liechtenstein, Private Banking Western Europe and Intermediaries LI & CH units, which are part of the Private Banking Liechtenstein & Regional Market business segment, were reoriented. The objective of this change was, on the one hand, to create a more streamlined management structure and, on the other, to lay the organisational foundation for a more efficient and client-oriented approach to providing advice. 

Private & Affluent Banking has been combined into a single unit that focuses on the consulting-intensive private client business. In the new Intermediaries & Transaction Banking unit, efficient order execution and operating excellence take centre stage.

At the annual general meeting of shareholders in late April 2012, Chief Financial Officer Fredy Vogt was elected to succeed Hans Brunhart as Chairman of the Board of VP Bank Group. Siegbert Näscher followed Fredy Vogt as a member of Group Executive Management and Chief Financial Officer of VP Bank Group. 

After 18 years, 14 of which as a member of Group Executive Management, Georg Wohlwend departed from VP Bank Group at the end of December 2012 in order to pursue new professional challenges. After close to two years in office, former CEO Roger H. Hartmann also decided to leave VP Bank Group in mid-July 2012.

 

Changes to the organisational structure subsequent to 31 December 2012

At the start of 2013, VP Bank Group expanded the Executive Board at the Vaduz location through the promotion of Martin Engler, Head of Private Banking Liechtenstein, and Günther Kaufmann, Head of Intermediaries & Transaction Banking, to members of the Executive Board of Verwaltungs- und Privat-Bank Aktiengesellschaft. With these promotions at the Liechtenstein Head Office, the Board of Directors is emphasising the Bank’s orientation towards market and client needs.

As a result, the Executive Board at the parent bank in Vaduz comprises as of 1 January 2013 the Group Executive Management members of VP Bank Group, namely Chief Financial Officer Siegbert Näscher and Chief Operating Officer Juerg W. Sturzenegger, as well as the Head of Commercial Banking, Rolf Jermann and new members Martin Engler and Günther Kaufmann.

As of 1 January 2013, the “Investment Services Center” (IVS) and “Group Trading” (GRT) units were merged to create the “Group Investment & Trading Center”. Overall responsibility for this new segment is now borne by the previous Head of Group Trading, Hendrik Breitenstein.

The combination of the IVS and GRT units has the goal of establishing a stable leadership structure, even as it maintains the well-organised and time-tested departments. At the same time this new, larger structure makes it possible to exploit synergies in neighbouring work areas and align the development of both fields with the strategic goals of VP Bank Group.

As of 1 January 2013, four new areas were created at IFOS, responsibility for each of which is now assigned to a member of Executive Management. As a result, Executive Management at IFOS has been expanded to include two new members. Reto Grässli and Ralf Konrad have been appointed to join the existing two members, Alex Boss and Sothearith Kol. At the same time, a switch has been made in the chairmanship of Executive Management of IFOS: Sothearith Kol will take over from Alex Boss as chair.

 

VP Bank, Vaduz, Head Office

 

 

 

Subsidiaries with bank status

 

Asset management companies

 

Fund management companies

 

Trust companies

 

Representative offices