The private bank has synergised its fund businesses previously run as separate companies in Liechtenstein and Luxembourg.

Liechtenstein-headquartered VP Bank has announced that its fund business in Luxembourg and Liechtenstein will now operate under the single name VP Fund Solutions.

VPB Finance was founded in 1998 as a subsidiary of VP Bank, Luxembourg, while the IFOS Internationale Fonds Service Aktiengesellschaft has been a VP Bank subsidiary in Liechtenstein since 1999. Both companies will operate under the name of VP Fund Solutions. They will together employ around 55 staff.

“The single umbrella organisation VP Fund Solutions will strengthen our public identity, further increase efficiency in the service of our clients and simplify compliance with all regulatory requirements,” said Eduard von Kymmel, head of VP Fund Solutions and chief executive of VPB Finance in Luxembourg. 

Kymmel has been responsible for VP Bank Group's fund business, which covers services from planning through establishment to operational management since the start of this year.