The organisational structure of VP Bank Group

New reg­u­la­tions through­out the world of bank­ing, as well as the goal of build­ing an ef­fi­cient, client- and sales-ori­ented man­age­ment struc­ture, were the ra­tio­nale for down­siz­ing the Ex­ec­u­tive Man­age­ment corps at VP Bank Group as of 1 Jan­u­ary 2014. 

With ef­fect from this date, the struc­tural or­gan­i­sa­tion was stream­lined and now com­prises three busi­ness seg­ments: “Chief Ex­ec­u­tive Of­fi­cer”, “Client Busi­ness” and “Chief Fi­nan­cial Of­fi­cer & Bank­ing Ser­vices”. Also on 1 Jan­u­ary 2014, the mem­bers of the Ex­ec­u­tive Board of the par­ent bank in Vaduz – namely Chief Ex­ec­u­tive Of­fi­cer Al­fred W. Moeckli, Head of Client Busi­ness Christoph Mauchle, and Chief Fi­nan­cial Of­fi­cer Sieg­bert Näscher – were ac­corded the func­tion of Group Ex­ec­u­tive Man­age­ment.

Mar­tin En­gler, Head of Pri­vate Bank­ing Liecht­en­stein, Gün­ther Kauf­mann, Head of In­ter­me­di­aries & Trans­ac­tion Bank­ing, as well as Rolf Jer­mann, Head of Com­mer­cial Bank­ing – each of whom was a mem­ber of the par­ent bank’s Ex­ec­u­tive Board un­til 31 De­cem­ber 2013 – stepped down from this body as of 1 Jan­u­ary 2014 in or­der to fo­cus their full at­ten­tion on cul­ti­vat­ing their re­spec­tive ar­eas of re­spon­si­bil­ity.

Yves de Vos opted to leave VP Bank (Lux­em­bourg) SA, with Thomas Steiger suc­ceed­ing Mr de Vos on 1 Feb­ru­ary 2014 as Chief Ex­ec­u­tive Of­fi­cer. Marco Pre­detti also left VP Bank (Lux­em­bourg) SA with ef­fect as of 14 June 2014.

In the course of re­shap­ing the or­gan­i­sa­tion to meet to­day’s changed over­all and mar­ket-dri­ven con­di­tions, the Group Trea­sury & Ex­e­cu­tion di­vi­sion was es­tab­lished. Group Trea­sury & Ex­e­cu­tion en­com­passes the Group Trea­sury, Money Mar­ket & Forex and Se­cu­ri­ties Trad­ing units. It an­swers di­rectly to the CFO. On 1 March 2014, Patrick D. Businger took up his post as new head of this di­vi­sion.

As of 1 March 2014, the Ex­ec­u­tive Board of VP Bank (Switzer­land) Ltd was strenght­ened through the ap­point­ment of Antony Las­sa­ni­anos. Katha­rina Vogt-Schädler stepped down from the Ex­ec­u­tive Board of VP Bank (Switzer­land) Ltd on 30 Sep­tem­ber 2014 in or­der to take over as CEO of VP Bank (BVI) Ltd on the first day of the fol­low­ing month. Marc Wal­lach, Ex­ec­u­tive Board mem­ber at VP Bank(Switzer­land) Ltd, left VP Bank at the end of June 2014. 

On 1 May 2014, the “Lo­gis­tics & Se­cu­rity” di­vi­sion was split up and ap­por­tioned de­cen­trally to the “Group Op­er­a­tions” and “IT In­fra­struc­ture Tech­nol­ogy” di­vi­sions. Lorenz Kin­dle, for­mer head of the “Lo­gis­tics & Se­cu­rity” di­vi­sion, de­cided to leave VP Bank as of 30 No­vem­ber 2014

On 1 Oc­to­ber 2014, the struc­ture of VP Bank’s client base was re­aligned from a mar­ket- to a seg­ment-ori­ented or­gan­i­sa­tion within the scope of the “Apollo” pro­ject. In con­nec­tion with this re­struc­tur­ing, five new client seg­ments were es­tab­lished: Pri­vate Bank­ing FL & CH, Pri­vate Bank­ing In­ter­na­tional, Af­flu­ent Bank­ing FL & CH, Per­sonal Bank­ing and In­sti­tu­tion­als & En­tre­pre­neurs. 

Also on 1 Oc­to­ber 2014, Alex Boss took over as ad in­terim Chair­man of the Ex­ec­u­tive Board of IFOS In­ter­na­tionale Fonds Ser­vice AG, fol­low­ing the de­par­ture of its pre­vi­ous chair­man, Sot­hearith Kol, on 20 Sep­tem­ber 2014.

Due to its in­creas­ing strate­gic rel­e­vance, the “Credit Risk” or­gan­i­sa­tional unit, which is re­spon­si­ble for the avoid­ance/​min­imi­sa­tion of pre­sent and fu­ture credit risks, be­gan re­port­ing di­rectly to the Chief Ex­ec­u­tive Of­fi­cer as of 1 Oc­to­ber 2014. 

On 13 Oc­to­ber 2014, Jean-Michel Brunie took of­fice as head of VP Bank’s rep­re­sen­ta­tive of­fice in Moscow.

Rolf Dider­rich de­cided to leave VPB Fi­nance S.A. on 31 De­cem­ber 2014. En­rico Mela, Joachim Kuske and Jos Wau­traets also left VP Bank Group as of mid-June, the end of June and the end of Sep­tem­ber 2014, re­spec­tively.

Af­ter 21 years as Head of Group Hu­man Re­sources, Karl Walch went into re­tire­ment as of 31 De­cem­ber 2014. On 1 Jan­u­ary 2015, Rita Becker took over as Head of Group Hu­man Re­sources.

Also as of 1 Jan­u­ary 2015, Ed­uard von Kym­mel as­sumed re­spon­si­bil­ity for the strate­gic ori­en­ta­tion of all of VP Bank Group’s in­vest­ment fund ac­tiv­i­ties in Lux­em­bourg and Liecht­en­stein. In this func­tion, he chairs the Ex­ec­u­tive Board of VPB Fi­nance S.A., Lux­em­bourg.

On 1 Feb­ru­ary 2015, Roberto Vogt was named the third mem­ber of the Ex­ec­u­tive Board at VP Bank (Switzer­land) Ltd. As Head of Pri­vate Bank­ing Cen­tral & East­ern Eu­rope / Rus­sia, he will con­trib­- ute sig­nif­i­cantly to the fur­ther de­vel­op­ment of the client base in this im­por­tant tar­get mar­ket for VP Bank.