4. Group Executive Management and the Executive Board

As at 31 December 2013, Group Executive Management was made up of the following individuals:

Alfred W. Moeckli (born 2 July 1960; citizen of Switzerland) is the Chief Executive Officer (CEO) of VP Bank Group (“Segment reporting”).

• Educational background: 1977 to 1980, bank employee with Federal Certificate of Competence; 1991 to 1993, Master of Business Administration, Kellogg School of Management, Northwestern University, Evanston, Illinois, USA.
• Professional background: 1977 to 1981, Credit Suisse, Zurich (bank apprenticeship/employee in Private Banking); 1981 to 1982, Carr, Sebag & Co., Geneva and London (trader/employee sales); 1984 to 1987, Banque Gutzwiller, Kurz, Bungener S.A., Geneva (Head of Trading); 1993 to 1999, Citibank (Switzerland), Zurich and Geneva (Head of Capital Markets); 1999 to 2002, Swissquote Bank, Gland and Scherzenbach (Chief Executive Officer); 2003 to 2008, Invest AG, Zug (founder and Chief Executive Officer); 2004 to 2010, Tradejet Ltd., Zurich (founder, Chief Executive Officer and Chairman of the Board of Directors); 2008 to 2010, bank zweiplus ag, Zurich (member of the Board of Directors); 2008 to 2010, Falcon Private Bank Ltd., Zurich (Deputy Chief Executive Officer and Chief Operating Officer); 2010 to 2013, bank zweiplus ag, Zurich (Chief Executive Officer); since 1 May 2013, with VP Bank Group as Chief Executive Officer.
• Other directorships/mandates: no directorships/mandates outside VP Bank Group.
• Other activities and vested interests: since 2013, member of the Board of the Liechtenstein Bankers’ Association. 

Christoph Mauchle (born 5 May 1961; citizen of Switzerland) has, since October 2013, been a member of Group Executive Management of VP Bank Group and Head of Client Business (“Segment reporting”).

• Educational background: 1986, Master of Economics (Marketing, lic. oec. HWV), HWV St. Gallen; 1988, Insead Management Programme in Business Administration/Management Insead France; 1999, Certified Financial Planner CFP; 2007, Advanced Management Program, Kellogg School of Management, Northwestern University, Evanston, Illinois, USA.
• Professional background: 1980 to 1983, UBS, St. Gallen (Assistant Private Banking); 1986 to 1989, Brown Brothers Harriman & Co., New York (Research Analyst and Account Manager Institutional Sales); 1989 to 1992, Bank Vontobel, Zurich (Chief of Staff Private Banking); 1992 to 2013, Credit Suisse, Switzerland (1992 to 1995, Sector Head Individual Clients Zurich, 1995 to 1997, Sector Head Private Banking St. Gallen, 1997 to 1998, Head Competence Centre Eastern Switzerland, 1998 to 2001, Head External Asset Managers, 2001 to 2008, Head Private Banking and Region Zurich, 2008 to 2012, Head of Private Banking Germany, Austria and Luxembourg); since 1 October 2013, with VP Bank Group Vaduz as member of Group Executive Management and Head of Client Business.
• Other directorships/mandates: no directorships/mandates outside VP Bank Group.
• Other activities and vested interests: none.

Siegbert Näscher (born 25 December 1965; citizen of Liechtenstein) is the Chief Financial Officer (CFO) of VP Bank Group and Deputy Chief Executive Officer (“Segment reporting”).

• Educational background: 1993, Federally Certified Accounting and Controlling Expert; 1996, Federally Certified Auditor; 2002 to 2003, Executive Programme of the Swiss Banking School.
• Professional background: 1982 to 1987, Bank in Liechtenstein AG, Vaduz (accounting); 1987 to 1991, Revitrust Treuhand AG, Schaan (accounting and auditing); 1991 to 1992, Assistant Head of Finance and Accounting at Schild Mode AG, Luzern; 1992 to 1994, Controller at Maschinen­fabrik Rieter AG, Winterthur; 1994 to 1998, Head of Finance and Controlling at Schoeller Textil AG, Sevelen; 1998 to 2010, Head of Group Finance & Risk at Liechtensteinische Landesbank AG, Vaduz; since 1 September 2010, with VP Bank Group Vaduz (2010 to 2012, Head of Group Finance & Risk, since April 2012, Chief Financial Officer of VP Bank Group, July 2012 to April 2013, Chief Executive Officer (CEO) ad interim).
• Other directorships/mandates: no directorships/mandates outside VP Bank Group.
• Other activities and vested interests: since 2012, member of the Council of Trustees (Vice Chairman) of Deposit Insurance and Investor Protection Foundation of the Liechtenstein Bankers’ Association.

Juerg W. Sturzenegger (born 6 June 1961; Swiss citizen) is the Chief Operating Officer (COO) of VP Bank Group (“Segment reporting”).

• Educational background: 1981 to 1987, studies in Economics and, 1988 to 1990, studies in Sociology at the University of Zurich; 2000, Management Education Program, IMD, Lausanne; 2002, participation in the Executive Program of the Wharton Business School, Philadelphia, and 2005 of the Stanford Graduate School of Business, Stanford.
• Professional background: 1988 to 1995, Bank Leu AG, Zurich (1998 to 1990, assistant in Staff Function Commerce, 1990 to 1992, assistant in Capital Markets International, 1992 to 1995, Head of Corporate Finance and Structured Finance unit; 1995 to 2008, Julius Baer & Co. AG, Zurich (1995 to 2006, Head of Capital Markets and Corporate Finance, 2006 to 2008, Head of Private Banking – Wealth Engineering); 2008 to 2010, VP Bank Group (Switzerland) AG, Zurich (2008 to 2009, Head of Wealth Management Solutions and member of the Executive Board, 2010, Chairman of the Executive Board and Head of Wealth Management Solutions); since 1 September 2010, with VP Bank Group Vaduz (from September 2010, Member of Group Executive Management and since January 2012, Chief Operating Officer of VP Bank Group, July 2012 to April 2013, Chief Executive Officer (CEO) ad interim). 
• Other directorships/mandates: member of the Board of Directors of shaPE Capital AG, Freienbach.
• Other activities and vested interests: none.

As at 31 December 2013, the Executive Board comprised the members of Group Executive Management and the following Executive Board members.

Martin Engler (born 29 March 1962; Swiss citizen) is a member of the Executive Board of VP Bank Group Vaduz and Head of Private Banking. 

• Educational background: 1980 to 1983, commercial apprenticeship with Schweizerischer Bank­verein, Zurich; 1994, banking professional with diploma, AKAD; 1995, Federally Certified Banking Specialist.
• Professional background: 1983 to 1987, Schweizerischer Bankverein, Zurich (department for stock-exchange correspondence with foreign countries); 1987 to 1997, VP Bank Group Vaduz (Stock-Exchange Trader); 1997 to 1999, Bank Wartau-Sevelen, Sevelen (Member of General Management); since 1 September 1999 with VP Bank Group Vaduz (1999 to 2002, Head of Stock-Exchange Trading, 2002 to 2007, Head of External Asset Managers, 2007 to 2008, Segment Head Private Banking, 2008 to 2011, Head of Private Banking Western Europe (responsible for Western-European markets), 2011 to 2012, Head of Private Banking Liechtenstein, since January 2013, Member of Executive Board, Head of Private Banking Liechtenstein). 
• Other directorships/mandates: no directorships/mandates outside VP Bank Group. 
• Other activities and vested interests: none.

Rolf Jermann (born 29 October 1958; Swiss citizen) has, since 1 January 2012, been a member of the Executive Board of VP Bank Group Vaduz and Head of Commercial Banking. 

• Educational background: 1986, Federally Certified Banking Specialist; 1989, studies in Inter­national Banking and Finance, University of Toronto; 1990 to 1992, Swiss Banking School of the University of Zurich.
• Professional background: 1979-1980, Caisse d’Epargne, Lausanne (assistant in the Portefeuille department); 1981 to 1988, Credit Suisse (formerly Schweizerische Kreditanstalt), St. Gallen (Commercial Client Advisor); 1988 to 1989, Credit Suisse, Toronto (Credit Analyst, Corporate Finance); 1989 to 1992, Credit Suisse (formerly Schweizerische Kreditanstalt), St. Gallen (Client Advisor, Commerce); 1993 to 1997, St. Galler Kantonalbank, St. Gallen (Client Advisor Commerce and member of the Directorate); 1994, Solothurner Kantonalbank, Olten (management support during the course of the restructuring/sale as commissioned by the Association of Swiss Cantonal Banks); 1997 to 2007, St. Galler Kantonalbank, St. Gallen (Team Leader and Deputy Commerce Market Head as well as member of the Directorate); since 1 June 2007, with VP Bank Group Vaduz (2007 to 2008, Head of Client Advisory Commercial Banking, 2009 to 2011, Head of Commercial Banking, since January 2012, member of the Executive Board and Head of Commercial Banking).
• Other directorships/mandates: no directorships/mandates outside VP Bank Group. 
• Other activities and vested interests: since 2011, Chairman of the Credit Committee of the Liechtenstein Bankers’ Association.

Günther Kaufmann (born 14 May 1958; citizen of Liechtenstein) is a member of the Executive Board of VP Bank Group Vaduz and Head of Intermediaries & Transaction Banking. 

• Educational background: 1975 to 1977, commercial apprenticeship, LGT Bank in Liechtenstein, Vaduz; 1978 to 1981, Business Economist HWV, Higher College for Business and Administration, St. Gallen; 1992 to 1994, Swiss Banking School.
• Professional background: 1978, Swiss Banking Corporation, London; 1981 to 2002, LGT Bank in Liechtenstein AG, Vaduz (1983 to 1987, Head of Strategic Planning/Cost Accounting, 1988 to 2002, Team Leader Intermediary Clients); since 1 September 2002, with VP Bank Group Vaduz (2002 to 2012, Head of Intermediaries, 2012, Head of Intermediaries & Transaction Banking, since January 2013, Member of Executive Board, Head of Intermediaries & Transaction Banking). 
• Other directorships/mandates: no directorships/mandates outside VP Bank Group. 
• Other activities and vested interests: none.

The other activities of the Executive Board members and any relevant vested interests can be found in the biographies shown in Point 4.1.

VP Bank Group has no management contracts with third parties that involve the delegation of management functions.