VP Bank Group is an internationally active private bank focused on rendering asset management services for financial intermediaries and private individuals. In addition, VP Fund Solutions, the fund competence centre, gives easy access to top-notch fund solutions.
VP Bank is one of the largest banks in the Liechtenstein financial centre. In addition to its headquarters in the Principality of Liechtenstein, VP Bank Group is present with offices in five other locations around the globe: Switzerland, Luxembourg, Singapore, Hong Kong and the British Virgin Islands. The target markets for Europe include Liechtenstein, Switzerland, Germany, Luxembourg, Russia and Ukraine. In Asia, they include Singapore, Hong Kong, Indonesia, Malaysia and Thailand. The Russian market development efforts are carried out mainly at the Zurich site as the competency centre for Central and Eastern European markets.
VP Bank Group has a sound balance sheet and a strong capital base. An “A” rating from Standard & Poor’s vouches for the financial strength. The shares of VP Bank are listed on SIX Swiss Exchange. A large proportion of its equity capital is in the hands of three anchor shareholders: foundations with a guarantee for continuity, independence and sustainability.
VP Bank’s workforce of more than 930 employees administer clients’ assets totalling almost CHF 48.5 billion. Its client advisors are supported by a global network of partner firms that contribute to the outstanding international know-how of VP Bank Group.
Tradition and innovation for more than 60 years
Founded in 1956 in Vaduz, Liechtenstein, VP Bank has grown steadily from a local bank to become a globally active financial services enterprise.
The founder of VP Bank, Guido Feger, was a successful entrepreneur and one of Liechtenstein’s most highly regarded fiduciaries. Right from the start, he demonstrated innovation, competence and courage, while never veering from the fundamental principles of client orientation and financial security. These tenets have been resolutely upheld for six decades. The philanthropic activities of VP Bank’s founder have been continued by its major shareholder, “Stiftung Fürstl. Kommerzienrat Guido Feger” foundation.
A number of international awards for the quality of the Bank’s client advice and ancillary services, as well as for its competence in transaction processing, attest to pronounced quality consciousness.
Independent client advice
Tailor-made asset management, investment advisory and wealth planning for a sophisticated private clientele represent VP Bank’s core competencies. The Bank is also an established partner for financial intermediaries who especially count on decades of experience and a modern infrastructure.
One of the strengths of VP Bank is its independence in terms of providing financial advice. The Bank’s investment solutions are based on the principle of “open architecture”, an approach that also takes into account the bestin-class products and services of third-party providers. The result: conflicts of interest are avoided right from the start.
VP Bank Group has the right size to offer top-notch solutions with a personal touch. Clients enjoy the individualised advise of a private bank and, thanks to the global presence of VP Bank, gain access to a worldwide network of specialists.
VP Bank relies on short decision-making paths and agility as well as flexible and sustainable solutions. The use of digital tools supports personal client care. In addition, VP Bank’s e-banking application affords clients freedom of movement and maximum security when conducting banking transactions. They have round-the-clock electronic access to their securities and deposit accounts.
Dependable partner for intermediaries
VP Bank was founded by Guido Feger, one of the leading trustees in Liechtenstein. From the outset, VP Bank therefore saw its role as a dependable and competent financial partner for intermediaries. VP Bank focuses on large, internationally oriented trustees as well as medium-sized external asset managers.
To be successful in this demanding segment requires the bank to respond to changing client needs in Europe and Asia, satisfy regulatory requirements and notably take advantage of technological developments in the process.
For its intermediaries business, VP Bank Group uses a hybrid business model. Basic banking services on behalf of the end customers of intermediaries are designed to be as efficient, dependable and cost effective as possible using digital channels. The bank then offers high-quality advisory services for intermediaries and end clients.
Along with the traditional custody business, the bank offers end clients comprehensive investment advisory, asset management, wealth planning and lending solutions.
Specialised IT solutions such as eBanking plus are offered specifically to intermediaries. With the ProLink information platform, intermediaries clients have a simple and speedy way to access the most important information and services they need for their daily work. These include extensive coverage of financial market events, regular publications on business and economic issues, the latest news on tax and regulatory developments as well as all required forms.
With its five international booking centres, VP Bank is one of the few banks of its size to have this unusually broad global presence, offering its clients substantial value-added through comprehensive offerings.
Excellent Private Banking
Bank offers its clients a broad range of personalised solutions from investments to financing to wealth management and asset structuring.
Digital banking services play an important role. In 2018, a new e-Banking platform was launched and specific processes such as account opening and closing were automated. Client advisors are also equipped with iPads.
The advisory process is enhanced with the “Finfox” application. This tool makes it possible to perform wealth management and investment planning in a timely and efficient manner. Finfox gets the client involved interactively in the investment advisory process and enables direct implementation of investment decisions.
Dynamic fund business
The fund business plays a central role at VP Bank. It complements the private banking and intermediaries businesses and represents an attractive growth segment.
The fund business encompasses the activity with third-party funds and proprietary funds and is managed under the VP Fund Solutions umbrella. With VP Fund Solutions, VP Bank Group has an innovative and dynamic international fund competency centre and a one-stop shop for all services related to the fund business. The competency centre is comprised of VP Fund Solutions (Liechtenstein) AG and VP Fund Solutions (Luxembourg) SA, with the Group-wide management of this strategically important business based in Luxembourg.
With 20 years of experience, VP Fund Solutions offers close, cross-border teamwork with locally and internationally renowned asset managers.
Through its cooperation with VP Bank, which acts as custodian bank and paying agent, VP Fund Solutions has access to VP Bank Group’s international reach and cost-optimised network of depositories for the clearing and settlement of fund managers’ investment decisions.
The geographical focus of VP Fund Solutions is on Germany, Liechtenstein, Switzerland, the Benelux countries, Scandinavia, the United Kingdom and Asia. The initiators and clients consist of external asset managers and family offices.
Successful Asia strategy
The Asia/Pacific region is one of the most important growth markets for private banking and is one of the identified target markets where VP Bank sees attractive growth opportunities. VP Bank has positioned itself as a “boutique bank” that provides first-class solutions to satisfy demanding standards.
In Asia, VP Bank is represented by an asset management company and representative office in Hong Kong as well as a branch in Singapore with around 80 employees. The bank’s business model in Asia is also based on the two strategic pillars of private banking and intermediaries. The target markets include Southeast Asia, notably Singapore, Hong Kong, Indonesia, Malaysia and Thailand.
The growing number of intermediary clients in Asia also creates promising opportunities. In this segment, VP Bank offers its clients regionally oriented service models for trustees and external asset managers as well as personalised support. The development of strategic partnerships is also being advanced. Clients benefit from direct market access to VP Bank’s trading desks in Singapore and Liechtenstein/Switzerland, which cover the major time zones.
In recent years VP Bank has noticeably expanded its presence in Asia. 2018 marked VP Bank’s 10 year anniversary in Singapore, and in April of that year the bank doubled the size of its office space in order to keep pace with growth and have room for further expansion.
In 2018, the subsidiary VP Bank (Singapore) Ltd. was converted to a branch and the banking license was upgraded from merchant bank to wholesale bank in order to implement VP Bank’s growth strategy in Asia in a more targeted and efficient manner. VP Bank expanded the Singapore branch by adding advisors in the investment advisory, wealth consulting and estate planning areas and also significantly expanded the product line with specific offers for Asian clients.
Stable Outlook
“Safely ahead”, VP Bank’s claim, reflects the company’s way of thinking. It means the bank is well equipped for the intense competition. As a lean financial services provider with short decision-making paths, VP Bank will be one of the winners from the consolidation that is currently underway in the industry. The Bank’s proven business model, which focuses on wealthy private clients and professional financial intermediaries, combined with its manageable size, means that VP Bank Group is well prepared for the ongoing changes in the worldwide markets.
For more information, please visit: https://www.vpbank.com
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