4. Executive Board and Group Executive Management

The Executive Board is responsible for the operational management of the parent company and, at the same time, for the management of VP Bank Group and is designated as Group Executive Management. Its tasks and competencies are specified in the OBR as well as in the functional descriptions for the individual members of the Executive Board. The head of the Executive Board (CEO) is responsible for the overall management of the Group and Group-wide coordination. 

The Executive Board members generally meet every two weeks for a half-day session. Additional meetings and workshops are held on strategy and corporate developments, as well as for dealing with annual planning, budgeting and other current issues.

 

4.1 Members of the Executive Board and Group Executive Management

As at 31 December 2019, the Executive Board and Group Executive Management were made up of the following individuals:

At the end of January 2019, Alfred W. Moeckli resigned his position as CEO and left VP Bank Group. As of October 1, 2019, his successor, Paul H. Arni, took up his position as CEO. In the meantime, Dr Urs Monstein had assumed the leadership ad interim of the Executive Board and Group Executive Management.

 

Paul H. Arni
Born in 1964
Citizen of Switzerland

Paul H. Arni is Chief Executive Officer (CEO) of VP Bank Group (Segment reporting, page 92 ff.).

 

Training

  • 2006AMP Advanced Management Program, The Wharton School at the University of Pennsylvania (USA)
  • 2002Master of Business Administration MBA, University of Berne, Switzerland and University of Rochester (USA)
  • 1999Postgraduate Diploma in Bank Management, IFZ Institute for Financial Services Zug
  • 1995Controller Diploma, Controller Academy, Zurich and SIB Swiss Institute of Economics, Zurich
  • 1990Business Economist FH, University of Applied Sciences Zurich

 

Professional career

  • Since 2019VP Bank Ltd, Vaduz, Chief Executive Officer
  • 2017-2019Deutsche Bank (Switzerland) AG, Zurich, Head Wealth Management Switzerland and Member of the Board of Management
  • 2014–2017Bank Julius Baer & Co. AG, Zurich, Market Head Zurich, Deputy Regional Manager Switzerland, Member of the Management Advisory Board
  • 2008–2014Credit Suisse AG, Zurich

    • 2012–2014: Global COO Private Banking
    • 2008–2012: Regional Head Zurich and Head Private Banking Switzerland for the Zurich Region

  • 1993–2008 UBS AG, Zurich

    • 2007–2008: Regional Head Wealth Management & Business Banking Mittelland, Bern
    • 2003–2007: Head Management Support, Wealth Management Switzerland
    • 1999–2003: Head Controlling for various business units
    • 1998–1999: Integration Office Switzerland during the UBS/SBC merger
    • 1993–1998: Controller / Team Head Controlling Retail Banking

  • 1991–1993BMW (Switzerland) AG, Dielsdorf, Dealership Business Consultant and Sales Zone Manager for the Zurich Region
  • 1985–1990PBZ Privatbank, Zurich, Assistant to the Board of Management and employee in the Capital Markets Department

 

Other activities and vested interests

None

Siegbert Näscher
Born in 1965
Citizen of Liechtenstein

Siegbert Näscher is Chief Financial Officer (CFO) of VP Bank Group and Deputy Chief Executive Officer (Segment reporting, page 92 ff).

 

Education

  • 2003Executive Programme at the Swiss Banking School
  • 1996Swiss-certified auditor
  • 1993Swiss-certified expert in accounting and controlling

 

Professional background 

  • Since 2010VP Bank Ltd, Vaduz

    • Since 2013: Chief Financial Officer (CFO) and deputy to the Chief Executive Officer
    • 2012–2013: Chief Executive Officer (CEO) a.i., Chief Financial Officer (CFO) and Head of Corporate Center
    • 2012: Chief Financial Officer (CFO), deputy to the Chief Executive Officer and Head of Corporate Center
    • 2010–2012: Head of Group Finance & Risk

  • 1998–2010Liechtensteinische Landesbank AG, Vaduz, Head of Group Finance & Risk
  • 1994–1998Schoeller Textil AG, Sevelen, Head of Finance and Controlling
  • 1992–1994Rieter Maschinenfabrik AG, Winterthur, Controller
  • 1991–1992Schild Mode AG, Lucerne, Deputy Head of Finance and Accounting
  • 1987–1991ReviTrust Treuhand AG, Schaan, Accounting and auditing
  • 1982–1987Bank in Liechtenstein AG, Vaduz, Accounting

 

Other activities and vested interests 

  • Chairman of the Board of Trustees of Treuhand-Personalstiftung, Vaduz
  • Member of the Board of Trustees of Privatbank-Personalstiftung, Vaduz
  • Chairman of the Board of Data Info Services AG, Vaduz
  • Chairman of the Board of Trustees of the Deposit Guarantee and Investor Compensation Foundation PCC, Vaduz
  • Member of the Finance and Tax Experts' Committee of the Liechtenstein Chamber of Commerce and Industry, Vaduz

Dr Felix Brill
Born in 1979
Citizen of Germany and Switzerland

Dr Felix Brill is Chief Investment Officer (CIO) of VP Bank Group (Segment reporting, page 92 ff.).

 

Education

  • 2011PhD in Economics, University of Berne and Study Center Gerzensee
  • 2006M.A. HSG in Economics, University of St. Gallen and Stockholm School of Economics (Sweden)
  • 2001Intermediate diploma in Physics, University of Heidelberg, Germany


Professional background

  • Since 2018VP Bank Ltd, Vaduz, Chief Investment Officer (CIO)
  • 2009-2017Wellershoff & Partners Ltd., Zurich

    • 2015–2017: Chief Executive Officer (CEO)
    • 2009–2015: Founding Partner and Chief Economist

  • 2006–2009UBS Wealth Management Research, Zurich

    • 2007–2009: Head of Economic Research Switzerland
    • 2006–2007: Graduate Trainee Programme (Zurich, New York)


Other activities and vested interests

  • Member of the Board of Trustees of Treuhand-Personalstiftung, Vaduz

Christoph Mauchle
Born in 1961
Citizen of Switzerland

Christoph Mauchle is Head of Client Business of VP Bank Group (Segment reporting, page 92 ff).


Education

  • 2007Advanced Management Program, Kellogg School of Management, Northwestern University, Evanston (USA)
  • 1999Certified Financial Planner CFP
  • 1998INSEAD Management Program in Business Administration and Management, INSEAD, Fontainebleau (France)
  • 1986MA Economics, College of Advanced Economics and Administration (HWV) St. Gallen, Switzerland

 

Professional background

  • Since 2013VP Bank Ltd, Vaduz, Head of Client Business
  • 1992–2013Credit Suisse

    • 2008–2012: Head Private Banking Germany, Austria and Luxembourg 
    • 2001–2008: Head Private Banking and Region Zurich 
    • 1998–2001: Head External Asset Managers 
    • 1997–1998: Head Competence Center Eastern Switzerland
    • 1995–1997: Sector Head Private Banking St. Gallen 
    • 1992–1995: Sector Head Individual Clients Zurich

  • 1989–1992Bank Vontobel, Zurich, Chief of Staff Private Banking
  • 1986–1989Brown Brothers Harriman & Co., New York (USA), Research Analyst and Account Manager Institutional Sales
  • 1980–1983Union Bank of Switzerland, St. Gallen, Assistant Private Banking

 

Other activities and vested interests

None

Dr Urs Monstein
Born in 1962
Citizen of Switzerland

Dr Urs Monstein is Chief Operating Officer of VP Bank Group (segment reporting, page 92 ff.).

 

Education

  • 1996Swiss Banking School, Zurich
  • 1994Dr iur., St. Gallen University
  • 1991Lic. oec., St. Gallen University
  • 1988Lic. iur., St. Gallen University


Professional background

  • Since 2018VP Bank Ltd, Vaduz

    • Since Oct. 2018: Chief Operating Officer (COO)
    • Feb.-Sep. 2019: Chief Executive Officer (CEO) a.i., Chief Operating Officer (COO)

  • 2006–2017Bank Julius Baer & Co. AG, Zurich

    • 2012–2017: Global Head IT / Chief Information Officer
    • 2010–2011: Head Strategic Programs
    • 2008–2009: COO International / Program Manager
    • 2006–2007: Program Manager Strategic Initiatives

  • 2004–2006Bank Ehinger & Armand von Ernst, Zurich, Chief Operating Officer, Member of the Board of Management
  • 1998–2003UBS Group AG, Zurich

    • 2001–2003: Head Strategic Project Management
    • 2000–2001: Head Private Banking Services Switzerland
    • 1998–1999: Project Manager Migration Private Banking Switzerland

  • 1992–1997Union Bank of Switzerland, Zurich

    • 1996–1997: Head of the Investment Clients and Securities Administration Unit
    • 1995–1996: Training placement Corporate Clients, Geneva
    • 1993–1995: Assistant to the Chairman of the Board of Management Switzerland Region
    • 1992–1993: Controlling Region Switzerland

  • 1987–1990University of St. Gallen, Research Assistant (tax law, public law)


Other activities and vested interests

None

Monika Vicandi
Born in 1967
Citizen of Switzerland

Monika Vicandi is General Counsel and Chief Risk Officer (CRO) of VP Bank Group (Segment reporting, page 92 ff).

 

Education

  • 2019Certified Global Negotiator (CGN-HSG), HSG University of St. Gallen
  • 2017Certificate of Advanced Studies FHNW Risk Management, FHNW School of Business, Basel
  • 2014LL.M. in International Taxation, University of Liechtenstein
  • 2009Management for the Legal Profession (MLP-HSG), HSG advanced studies degree, University of St. Gallen
  • 1999Master of Laws, LL.M., University of Minnesota, Minneapolis (USA)
  • 1996Admission to the Swiss bar
  • 1992Law studies, University of Zurich

 

Professional background 

  • Since 2011VP Bank Ltd, Vaduz

    • Since 2017: Member of the Group Executive Management, General Counsel & Chief Risk Officer
    • 2015–2016: Group General Counsel
    • 2015: By order of VP Bank Ltd: Chief Executive Officer at Centrum Bank Ltd, Vaduz
    • 2011–2015: Head of Group Legal, Compliance & Tax

  • 2002–2011Union Bancaire Privée, Zurich, Head of Legal & Compliance
  • 2000–2002Discount Bank and Trust Company, Zurich, Head of Legal, Trust and Compliance Division
  • 1999–2000Winterthur International, Winterthur, Legal Counsel in the Legal & Claims Management department
  • 1998KS Kaderschule Zürich, Lecturer in law
  • 1996–1998Winterthur Versicherung (International Division), Winterthur, Legal Counsel Claims Management
  • 1994–1998Betriebs- und Verwaltungsschule Winterthur, Lecturer in law
  • 1993–1994Hinwil District Court, Court secretary / auditor

 

Other activities and vested interests 

  • Member of the Board at Liechtenstein Bankers Association, Vaduz
  • Member of the Legal & Compliance Expert Group at the Liechtenstein Chamber of Commerce and Industry, Vaduz

 

4.2 Other activities and vested interests

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

 

4.3 Number of authorised activities

VP Bank is not subject to the Swiss Ordinance against Excessive Compensation in Public Corporations (OAEC). From that point of view, it has not issued any statutory rules concerning the number of authorised activities. 

 

4.4 Management contracts

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