VP Bank, the Liechtenstein-based private bank, has made a number of boardroom changes after its annual meeting in Vaduz in the same week that it announced the new role of chief operating officer and deputy chief executive as part of its Asia expansion.

At the annual meeting, Hans Brunhart did not stand for re-election to the board of directors. He was replaced by Fredy Vogt, appointed chairman of the board at its inaugural meeting. Max Katz was also elected to the board.

Last week, as reported by this publication, Reto Isenring started in the newly-created function of chief operating officer and deputy CEO at VP Bank. Isenring will also be a member of executive management. He was previously interim CEO of the bank's Singapore branch, pending the appointment of Ian Irvine Pollock, who now officially takes over as CEO of VP Bank Singapore, in addition to his leadership role in Hong Kong, subject to regulatory approval.

Meanwhile, the annual meeting approved the payment of a dividend of SFr1.50 per bearer share and SFr0.15 per registered share.