Advance announcement on annual results
VP Bank announced that it was expecting significantly higher Group net income.
Festival Next Generation / VP Bank Classic Festival
With its backing of the “Festival Next Generation / VP Bank Classic Festival” in Switzerland, VP Bank again supported the next generation of international musical talent.
New office in Zurich
VP Bank moved to new centrally located offices in Zurich, reflecting the strong growth in recent years.
Chief Investment Officer
Dr Felix Brill was named the new Chief Investment Officer and member of Group Executive Management.
In 2017, VP Bank Group recorded Group net income of CHF 65.8 million. Client assets under management increased by 13.0 per cent. The tier 1 capital ratio was 25.7 per cent. The cost/income ratio was lowered by 4.2 percentage points to 64.2 per cent.
“Risk Indicator 1” top rating
Dun & Bradstreet Worldwide again awarded VP Bank Group its “Risk Indicator 1” top rating in 2018.
Annual General Meeting
All of the Board of Directors’ proposed resolutions were approved by the 55th ordinary Annual General Meeting. Dividends were increased to CHF 5.50 per registered share A and CHF 0.55 per registered share B. Fredy Vogt and Dr Florian Marxer were reappointed to three-year terms on the Board of Directors, while Dr Thomas R. Meier was newly appointed to a three-year term. At the special Board of Directors’ meeting held immediately after the Annual General Meeting, Fredy Vogt was confirmed as Chairman of the Board.
Chief Operating Officer
Dr Urs Monstein joined VP Bank’s Group Executive Management as Chief Operating Officer.
VP Bank introduced a modernised e-banking application with advanced portal technology. It offers user-friendly design while time satisfying the most stringent security requirements.
Standard & Poor’s rating upgrade
The rating agency Standard & Poor’s upgraded VP Bank’s rating from “A-” to “A”, with a “stable” outlook.
VP Bank Ladies Open
VP Bank has positioned itself as the primary long-term sponsor of the VP Bank Ladies Open pro golf tournament.
Share buyback programme
VP Bank launched an open tender offer to repurchase up to 180,000 listed registered shares A, which may be acquired for up to one year on the ordinary trading line of the SIX Swiss Exchange.
Anniversary celebration in Luxembourg
VP Bank celebrated its 30th anniversary and VP Fund Solutions its 20th anniversary in Luxembourg at an exclusive event.
2018 interim results
In the first half of 2018, VP Bank Group recorded solid Group net income of CHF 29.3 million. Client assets under management increased by 1.3 per cent. The tier 1 ratio was an above-average 22.6 per cent.
VP Bank celebrated its 10-year presence in Singapore and now does business there through a branch instead of a wholly owned subsidiary. VP Bank’s Singapore banking license was also expanded from merchant bank to wholesale bank.
Website with Newsroom
With Newsroom, VP Bank’s website now offers a central archive for publications and the latest developments about and involving VP Bank.
VP Bank entered the Nordic market when VP Fund Solutions and VP Bank acquired the fund management and custody business of Luxembourg-based Carnegie Investment Funds, and VP Bank in Luxembourg acquired the Luxembourg private banking activities of Catella Bank.
Award-winning annual report
The VP Bank Group annual report and online annual report again received multiple international awards, notably the “Best of Europe” recognition at the ARC Awards. The relaunch of the website was recognised with a Gold Award.
Growth in Luxembourg
VP Bank and VP Fund Solutions moved to new offices in Luxembourg with state-of-the-art infrastructure.
30 years VP Bank (Switzerland) Ltd
VP Bank (Switzerland) Ltd celebrated its 30th anniversary with a gala event.
Outstanding advisory quality
The private banking audit and assessment firm Fuchsbriefe recognised VP Bank’s advisory quality, rating it “Very Good” for transparency and awarding it an overall assessment of “Good”.
As part of the annual “Lichtblick” charity campaign, numerous institutions received generous grants from the VP Bank Foundation.