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VP Bank expands Hong Kong office to support business growth in Asia

VP Bank Reto Marx COVER
VP Bank expands Hong Kong office to support business growth in Asia

VP Wealth Management (Hong Kong) Ltd, which is a wholly owned subsidiary of VP Bank in Liechtenstein, officially moved to a new office in Central today (22 November 2021) in line with the Group’s strategic expansion in the region.

VB Bank is an international private bank with core competencies in asset management for intermediaries and private individuals, and has been represented in Hong Kong since 2006. The expansion of its Hong Kong office allows it to seize the promising opportunities from the growing number of intermediaries and private banking clients in Asia who need robust and reliable wealth management partners, according to its Head of Hong Kong and Managing Director, Mr Reto Marx.

He said, “Asia represents one of the top priorities in the Group’s Strategy 2026. In Central Hong Kong, our modernised office space will accommodate for growth and scale. We are fully committed to this region and continue to invest and re-energize our business model.”

Chief of Staff Asia and Managing Director, Ms Heline Lam, added, “In line with the Group’s Strategy 2026 and to support our growth in Asia, we have committed to a new office space in Hong Kong's core central district. This office space, which comprises our own floor, allows us to accommodate more than double our headcount.”

Associate Director-General of Investment Promotion, Mr Charles Ng, congratulated the opening of the new office. He said, “Hong Kong as one of the leading international financial centres is a prime location for conducting financial services business. Plus its prudent and robust financial regulatory regime with a well-educated workforce and the absence of capital control, it is an ideal place for wealth management services providers, like VP Wealth Management (Hong Kong) Ltd, to expand in the region.”

About VP Bank

VP Bank established in 1956, is a leading bank in Liechtenstein with an international presence in Switzerland, Luxembourg, Singapore, Hong Kong and the British Virgin Islands. VP Bank Group offers comprehensive wealth management solutions for intermediaries and private individuals. VP Bank is listed on the Swiss stock exchange. It has an “A” rating from Standard & Poor's as a well-capitalised and secure bank. For more information, please visit www.vpbank.com/en.

About InvestHK

Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.

For photos, please visit www.flickr.com/photos/investhk/albums/72157720150572014.

Ends

22.11.2021

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