Organisational structure

VP Bank has a robust organisation that is able to deal with a high level of complexity and a dynamic, international environment by means of a functional management model, paired with a strong regional orientation. The aim is to ensure optimal, group-wide knowledge transfer with interactions among the employees. 

To drive forward the transformation of VP Bank, the Enterprise Portfolio Board was created as of 1 January 2022. This committee is made up of representatives from Process Project Management and the operational project managers and prioritises the Group-wide initiatives and projects. 

As of 1 May 2022, adjustments were made in the Intermediaries & Private Banking and Client Solutions business units to sharpen the client focus and further increase efficiency. Among other things, the introduction of a Sales Management team under the management of André Rheinberger created the necessary structures to intensify market development in a coordinated manner across the regions. In addition, the entire product and service range was consolidated into the Group Product & Service Center under the management of Marcel Fleisch. Among these divisions, additionally, a dedicated team will be set up to manage and develop the digital assets.

To strengthen the position vis-à-vis suppliers and partners, a central unit for procurement management was set up in the CFO’s division as of 1 July 2022, under the responsibility of Simon Schmitz. Also as of 1 July, all operational divisions were brought together under the management of Jürg Mühlethaler in the Chief Operating Office.

As of 1 July 2022, VP Bank has introduced a set of measures for strengthening the regions. The three regions Asia, Europe and Liechtenstein (incl. BVI) were formed, with the regional managers reporting directly to the CEO, Paul Arni. This is intended to ensure the targeted strategic development of the existing business close to the market and to improve effectiveness and efficiency in the interaction between regional and functional priorities. With this step, VP Bank (Switzerland) Ltd and VP Bank (Luxembourg) SA were united in terms of management and combined in the Europe region. The new role of Manager of VP Bank Europe was created for this purpose. The Asia region was already placed under unified leadership in 2021 under the leadership of Pamela Hsu Phua. Tobias Wehrli is responsible for the front-office units in the Liechtenstein home market and at the BVI location.

The Group-wide expertise for the management and further development of products and client services were bundled in the newly-created Group Products & Solutions division under the leadership of Rolf Steiner as of 1 January 2023. In addition, all clients and market activities were transferred to regional responsibilities. From 1 January 2023, the home market region of Liechtenstein, under the management of Tobias Wehrli, will be responsible for the two fund management companies – VP Fund Solutions in Liechtenstein and Luxembourg, as well as the intermediary and private client business of the home market and BVI. The two fund management companies will also be placed under a single management with Dr Daniel Siepmann. He is also CEO of VP Fund Solutions (Liechtenstein) AG, Thorsten Ries remains CEO of VP Fund Solutions (Luxembourg) SA and now reports to Dr Daniel Siepmann. With these adjustments, the Client Solutions division was completely absorbed into the new organisational structure. Thomas von Hohenhau left the Bank at the end of 2022.

As of 1 January 2023, the Executive Board of VP Bank (Switzerland) Ltd is headed by Dr Mara Harvey. At the same time, she has taken over responsibility for the European region with the two locations Zurich and Luxembourg. Peter Vangehr joins Tanja Bernath in completing the Executive Board of VP Bank (Switzerland) Ltd. The Executive Board of VP Bank (Luxembourg) SA remains unchanged with Claus Jørgensen and Romain Moebus.

Organisational structure as at 31.12.2022

The structure of VP Bank Group and its organisational units as per segment reporting can be found here.