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Liechtenstein's VP Bank Expands Executive Board
Tom Burroughes
15 November 2012
Liechtenstein-based VP Bank Group is to expand the executive
board at its Vaduz head office at the beginning
of 2013, promoting Martin Engler, head of private banking for Liechtenstein,
and Günther Kaufmann, head of intermediaries and transaction banking, to the
board. The changes come as VP Bank strategically focuses towards
private banking for high net worth individuals and business transactions with
intermediaries, and is increasing the responsibilities at the local offices,
the firm said. “In promoting the heads of the two client advisory segments
in Liechtenstein,
the board of directors is underlining the bank’s increased orientation towards
market and client needs,” it said in a statement. As of 1 January 2013, the board of the Vaduz head office
will consist of the members of group executive management of VP Bank Group: chief
financial officer Siegbert Näscher and chief operating Officer Juerg Sturzenegger, as well as the head of commercial banking, Rolf Jermann, and the
new members Martin Engler and Günther Kaufmann.