VP Bank appoints new head of VP wealth management Hong Kong

VP Bank announced the appointment of Will Wang as head of  VP Wealth Management (Hong Kong) and chief representative of VP Bank AG Hong Kong Representative Office.

Based in Hong Kong, he will support the bank's business expansion opportunities in Hong Kong and Greater China. With this new appointment, he will step down from his current position as head of alternative solutions, but will retain his responsibilities as the head of strategic partnerships Asia.

In this context, Reto Marx returns to Singapore to assume the role of chief risk officer Asia and head of product and solutions Asia (ad interim), stepping down from his current role as head of Hong Kong for VP Wealth Management (Hong Kong). As the bank looks to scale its presence in Asia, it is also increasing its resilience by strengthening its risk management bench. In his new role, Reto is responsible for risk management advisory and governance matters, as well as overseeing the bank's operational risk, legal and compliance functions in Asia. This newly created role will play a pivotal role in sharpening and further enhancing the bank's value proposition to its clients in Asia.

Both of the above-mentioned roles are effective from 1 April 2024 and will continue to report to Pamela Phua, CEO Asia.

Phua said: “As the region continues to attract inbound wealth, both from our financial intermediaries and private clients, we must strategically align our business to meet evolving client needs, maintain our service excellence and remain relevant. These key leadership appointments will reinforce our position in the industry and demonstrate our unwavering commitment to sustainable growth and success in the Asia region.”

Re-disseminated by The Asian Banker