Year 2021
In review
Nordics target market
Nordics target market
As of 1 January 2021, VP Bank (Luxembourg) SA completes the acquisition of the client business of the private bank Öhman Bank S.A., which is headquartered in Luxembourg.
Award-winning intermediary bank
Award-winning intermediary bank
In Singapore, VP Bank is named Best Private Bank – Intermediary Services at the Asian Private Banker Awards for Distinction 2020.
Sustainability index
Sustainability index
VP Bank is added to SIX Swiss Exchange’s newly launched Sustainability Index.
February
Signing of a Declaration of Intent with Swisscom
VP Bank signs a Declaration of Intent with Swisscom to outsource the functional areas of IT infrastructure and application operations. In the future, the Bank will benefit from comprehensive expertise in the area of cloud services and IT security.
Appointment to
Group Executive
Management
Appointment to
Group Executive
Management
Roger Barmettler is appointed Chief Financial Officer (CFO) and a member of Group Executive Management as of 1 March 2021.
Sustainable banking
VP Bank signs the United Nations’ Principles for Responsible Banking.
Partnership in Asia
Partnership in Asia
After signing a Memorandum of Understanding to strengthen their strategic partnership, VP Bank acquires an equity stake of 3.4 per cent in Hywin.
Best score for Risk Indicator 1
Best score for Risk Indicator 1
In 2021, Dun & Bradstreet Worldwide again awards VP Bank Group a rating of “Risk Indicator 1” for risk and creditworthiness.
Sustainability report
Sustainability report
VP Bank publishes its first sustainability report according to GRI Standards.
Annual general meeting
Annual general meeting
At the 58th annual general meeting, the shareholders of VP Bank approve all of the proposals of the Board of Directors by a large majority. Distribution of a dividend of CHF 4.00 per registered share A and CHF 0.40 per registered share B are approved. Dr Thomas R. Meier is once again elected to a further term of office of three years on the Board of Directors of VP Bank and is also confirmed in his position as Chairman. Philipp Elkuch is elected to the Board of Directors.
Innovation partnership
Innovation partnership
VP Bank and InvestCloud enter into a partnership to create an innovative Open Wealth Service platform.
June
Award-winning bank
Award-winning bank
WealthBriefingAsia names VP Bank in Singapore Best Boutique Private Bank.
Engagement in Asia
Engagement in Asia
Pamela Hsu Phua is named CEO of VP Bank Asia as of 1 July 2021.
July
Standard & Poor’s rating
The rating agency Standard & Poor’s confirms VP Bank’s good “A” rating.
August
2021 semi-annual results
2021 semi-annual results
VP Bank reports solid 2021 semi-annual results thanks to the growth of its managed assets, income from commission business and services, and improved cost-efficiency.
ORBIT
ORBIT
With ORBIT, VP Bank launches an open investment and structuring platform that provides professional investors with easy access to the asset class of private market investments.
Economists’ ranking
Economists’ ranking
With Chief Economist Dr Thomas Gitzel, VP Bank is once again named best financial institution in the Frankfurter Allgemeine Zeitung’s media ranking of the “F.A.Z. – economists’ ranking 2021”.
Annual report receives awards
Annual report receives awards
VP Bank Group’s annual report wins seven international awards in 2021.
Sustainable financial sector
Sustainable financial sector
VP Bank joins the UN’s Net-Zero Banking Alliance.
Expansion of services with Sustainable Plus solution
VP Bank expands its offer for investors who want to contribute to environmental protection and support social development.
Best Paper Award
At the University of Liechtenstein’s “Sustainable Finance Workshop”, VP Bank presents the Bank Best Paper Award for sustainable finance for the fourth time.
Partnership with ETH Zurich
Partnership with ETH Zurich
In the future, VP Bank will work together with the AI Center, the research centre for artificial intelligence at ETH Zurich.
Digitisation of assets
Digitisation of assets
VP Bank becomes the first Liechtenstein bank to successfully tokenise a work of art, laying the groundwork for trading of digital assets.
Anniversary of the VP Bank Art Foundation
Anniversary of the VP Bank Art Foundation
The VP Bank Art Foundation celebrates its 25th anniversary with an exhibition at the Kunstmuseum Liechtenstein in Vaduz.
New offices in Hong Kong
New offices in Hong Kong
To support its growth in Asia, VP Bank moves into new offices in Hong Kong.
Innovative investment opportunity
Innovative investment opportunity
VP Bank signs a Memorandum of Understanding with Utopia Music Ltd., creating an opportunity for investors to invest in the service sector of the ever-growing music industry.
Excellent quality of advisory services
Excellent quality of advisory services
In the annual Fuchsbriefe test, VP Bank receives a “Very good” rating in the areas of advisory consultations and investment proposals.
Chief Transformation
Officer
Chief Transformation
Officer
Dr Marcel Tschanz is appointed Chief Transformation Officer (CTO) of the VP Bank Group as of 1 December 2021.