Liechtenstein $55 Billion VP Bank Appoints Chief Risk Officer Asia Retro Marx & CIO Asia Thomas Rupf as Co-Heads of VP Bank Singapore
14th February 2025 | Hong Kong
Liechtenstein VP Bank ($55 billion AUM) has appointed Chief Risk Officer Asia Reto Marx and CIO Asia Thomas Rupf as Co-Heads of VP Bank Singapore. In 2024 August, VP Bank appointed Chief Risk Officer Asia Reto Marx and CIO Asia Thomas Rupf as Co-CEOs of VP Bank Singapore. Liechtenstein VP Bank has also announced the closing of the Hong Kong office, after Asia CEO (Private Bank) Pamela Phua & Asia COO Heline Lam have both resigned (Both joined VP bank 3 years ago in 2021 from Pictet Wealth Management). Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia. New VP Bank Co-CEO Reto Marx has 25 years of private banking experience including at UBS, Credit Suisse and Bank Sarasin-Rabo, holding senior roles including as APAC Regional Head for Global Financial Intermediaries (GFIM), Head of Southeast Asia & Market Head of International Wealth Management (IWM). Co-CEO Thomas Rupf has been with VP Bank for more than 17 years, holding senior roles including as Head of Investment Advisory & Treasury, CEO and Head of Investment Advisory & Treasury Asia, and Chief Investment Officer Asia. VP Bank (13/2/25): “With Singapore as a key strategic hub, the Bank has optimised its organisational structure under the headship of Reto Marx and Thomas Rupf, reaffirming its strong commitment to Asia and prioritising sustainable, profitable growth for its Singapore branch. Asia remains an important region for VP Bank Group, with Singapore serving as a strategic cornerstone for its growth trajectory. As part of a sharpened strategy, which includes the appointment of industry veterans Reto Marx and Thomas Rupf as Co-Heads of the Singapore Branch as well as a continued relentless focus on fostering synergies between the Intermediaries and Private Banking client segments, the Bank will leverage the city-state’s robust financial infrastructure, strategic location and forward-looking regulatory environment, to focus on opportunities in a targeted manner in the fast-growing Asian markets. VP Bank’s core competency lies in its deep expertise and established presence in the Intermediaries segment. This core competency is ingrained in its DNA, enabling the Bank to uniquely understand and anticipate the sophisticated and evolving needs of its clientele in order to deliver tailored financial solutions that meet their goals and priorities. In the area of Private Banking, the Bank also offers wealthy individuals its expertise, personalised advice and international network. The Private Banking business complements the Intermediaries business and benefits from the significant synergies created, including a state-of-the-art digital platform. Both Reto and Thomas are seasoned bankers, each with more than 20 years of experience and expertise in the financial services industry. Together, they will prioritise sustainable, profitable growth in both the Intermediaries and Private Banking segments.”
“ Liechtenstein $55 Billion VP Bank Appoints Chief Risk Officer Asia Retro Marx & CIO Asia Thomas Rupf as Co-Heads of VP Bank Singapore “
Thomas Rupf, Co-Head Singapore & Chief Investment Officer Asia:” We see immense growth potential in Asia, and Singapore is an integral part of VP Bank’s growth strategy in this region. As a leading bank for Intermediaries, we are committed to strengthening our leadership position, and are confident in our ability to drive sustainable growth and deliver exceptional value to our Intermediaries and our Private Banking clients in Singapore and beyond.”
Reto Marx, Co-Head Singapore and Chief Risk Officer Asia: “By focusing on our core strengths, we are not only adapting to the current market environment, but also setting the stage for future success. Looking ahead, the optimised organisation will further enhance our operational agility to support our clients’ wealth management ambitions. We will continue to build on our strong foundation in Singapore to offer unparalleled service to our clients and be their trusted wealth management partner of choice.”
VP Bank – VP Bank Ltd was established in 1956 and, with around 1,000 employees, is one of the largest banks in Liechtenstein. VP Bank has an international presence, with locations in Vaduz, Zurich, Luxembourg, Singapore, and Road Town (British Virgin Islands). Its core competencies include the development of customised financial solutions for intermediaries and private individuals. In addition, the Group has an international fund competence centre. As of 30 June 2024, client assets under management of VP Bank Group amounted to CHF 50.4 billion. VP Bank is listed on the SIX Swiss Exchange and has an “A-” rating from Standard & Poor’s.
VP Bank Ltd Singapore Branch – VP Bank Ltd Singapore Branch is a boutique private bank with a client-centric business philosophy. With a presence in Singapore since 2008, it is the Asian branch of the Liechtenstein-based VP Bank Group. VP Bank Ltd Singapore Branch provides specialised wealth management solutions and family office services for high-net-worth clients and professional asset managers and is dedicated to the protection and growth of clients’ wealth. The bank offers a holistic suite of services in wealth management. Apart from private wealth management, VP Bank Ltd Singapore Branch provides comprehensive services for asset managers and other financial intermediaries. The service offering comprises a trading platform, banking services – including e-banking and mobile banking – and operational support. Partnership arrangements with professionals include tailor-made investment advisory, discretionary management solutions, and custodian services.
Liechtenstein VP Bank Appoints Chief Risk Officer Asia Retro Marx & CIO Asia Thomas Rupf as Co-CEOs of VP Bank Singapore, Announced Closing of Hong Kong office after Asia CEO (Private Bank) Pamela Phua & Asia COO Heline Lam Resign, Both Joined VP bank 3 Years Ago in 2021 from Pictet Wealth Management
21st August 2024 – Liechtenstein VP Bank (Global AUM: $53.5 billion) has appointed Chief Risk Officer Asia Reto Marx and CIO Asia Thomas Rupf as Co-CEOs of VP Bank Singapore. Liechtenstein VP Bank has also announced the closing of the Hong Kong office, after Asia CEO (Private Bank) Pamela Phua & Asia COO Heline Lam have both resigned (Both joined VP bank 3 years ago in 2021 from Pictet Wealth Management). Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia. New VP Bank Co-CEO Reto Marx has 25 years of private banking experience including at UBS, Credit Suisse and Bank Sarasin-Rabo, holding senior roles including as APAC Regional Head for Global Financial Intermediaries (GFIM), Head of Southeast Asia & Market Head of International Wealth Management (IWM). Co-CEO Thomas Rupf has been with VP Bank for more than 17 years, holding senior roles including as Head of Investment Advisory & Treasury, CEO and Head of Investment Advisory & Treasury Asia, and Chief Investment Officer Asia. Profile – VP Bank Ltd was established in 1956 and, with around 1,000 employees, is one of the largest banks in Liechtenstein. VP Bank has an international presence, with locations in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands). Its core competencies include the development of customised financial solutions for intermediaries and private individuals. In addition, the Group has an international fund competence centre. As of 31 December 2023, client assets under manage- ment of VP Bank Group amounted to CHF 46.4 billion. VP Bank is listed on the SIX Swiss Exchange and has an “A-” rating from Standard & Poor’s.
Liechtenstein VP Bank to Close Hong Kong Office after Asia CEO Pamela Phua & Asia COO Heline Lam Resign, Joined VP Bank 3 Years Ago in 2021 from Pictet Wealth Management, Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia
16th August – Liechtenstein VP Bank (Global AUM: $53.5 billion) is closing the Hong Kong office, after Asia CEO (Private Bank) Pamela Phua & Asia COO Heline Lam have both resigned (Both joined VP bank 3 years ago in 2021 from Pictet Wealth Management). Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia. Profile – VP Bank Ltd was established in 1956 and, with around 1,000 employees, is one of the largest banks in Liechtenstein. VP Bank has an international presence, with locations in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands). Its core competencies include the development of customised financial solutions for intermediaries and private individuals. In addition, the Group has an international fund competence centre. As of 31 December 2023, client assets under manage- ment of VP Bank Group amounted to CHF 46.4 billion. VP Bank is listed on the SIX Swiss Exchange and has an “A-” rating from Standard & Poor’s.
Liechtenstein VP Bank Asia CEO Pamela Phua & Asia COO Heline Lam Resign after 3 Years Since Joining from Pictet in 2021, Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia
16th August – Liechtenstein VP Private Bank Asia CEO Pamela Phua & Asia COO Heline Lam have both resigned after 3 years since joining from Pictet Wealth Management (Private Bank) in 2021. Pamela Phua was ex-Pictet Head of Asia Family Office & Celine Lam was ex-Pictet Head of Human Resources Asia. Profile – VP Bank Ltd was established in 1956 and, with around 1,000 employees, is one of the largest banks in Liechtenstein. VP Bank has an international presence, with locations in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands). Its core competencies include the development of customised financial solutions for intermediaries and private individuals. In addition, the Group has an international fund competence centre. As of 31 December 2023, client assets under manage- ment of VP Bank Group amounted to CHF 46.4 billion. VP Bank is listed on the SIX Swiss Exchange and has an “A-” rating from Standard & Poor’s.
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