The private bank has officially opened its expanded new premises in the Asian city-state.

Liechtenstein-headquartered VP Bank has expanded its Singapore-based bank’s office in the Asian city-state, officially opening its expanded premises in Asia Square Tower. The move comes amid the bank’s drive to push up hires in Asia.

Bruno Morel, chief executive, VP Bank (Singapore) and Siegbert Näscher, chief financial officer of VP Bank Group officiated the opening of VP Bank (Singapore)’s new offices.

The opening of the new premises follows the recent hire of Ms Kimmis Pun, an industry veteran with over 36 years of experience in private banking in Asia. She joins VP Bank (Singapore) as its new Head of private banking.  

Recently, VP Bank said that nearly 40 staff will be hired across Asia over the next two years. The bank oversaw around SFr40.4 billion of assets under management as at the end of last year.

In Europe, VP Bank also moved its Switzerland business in Zurich to a new office at Talstrasse 59. The Zurich office has recruited 15 client advisors since the beginning of 2017.