VP Bank, the Liechtenstein-based private bank, has announced that its managing director Reto Isenring is leaving the company after six years.

Isenring, who leaves effective mid-September 2013, will "pursue other career options," said the firm in a statement. His successor, Rajagopal Govindarajoo, will take over starting 1 September, subject to approval from the Monetary Authority of Singapore.

Govindarajoo most recently served as executive director and head of operations at Chinatrust Commercial Bank in Singapore. He also worked for firms such as Falcon Private Bank, Capitaland and Credit Suisse Private Bank.

VP Bank's Asian business is represented by offices in Singapore and Hong Kong. Its other subsidiary companies with banking and asset management licences are in Switzerland, Luxembourg, the British Virgin Islands and Moscow.