VP Bank has appointed Dr Urs Monstein as chief operating officer and member of the group executive management, subject to the approval of the Liechtenstein Financial Market Authority (FMA).
Dr Monstein spent the past ten years working for Bank Julius Baer & Co, and currently holds the position of global head IT and chief information officer. Prior to this he was chief operating officer and a member of the board of management at Bank Ehinger & Armand von Ernst in Zurich, and also worked for UBS and Union Bank of Switzerland.
He will be joining VP Bank at the latest on 1 June 2018. Until then chief executive Alfred W. Moeckli and chief financial officer Siegbert Näscher will continue to oversee the information technology and operations units ad interim.
Fredy Vogt, chairman of the board of directors at VP Bank Group, commented: "His comprehensive sector-specific know-how as well as his international experience will enable us to match the momentum of our markets, while simultaneously addressing the rising importance of IT-based processes and solutions in an even more carefully-targeted manner."
The previous chief operating officer of VP Bank Group, Martin C. Beinhoff announced his decision to leave the group at the end of June 2017.
VP Bank Ltd was founded in 1956 and has over 800 employees. It currently has offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong, Moscow and Tortola on the British Virgin Islands. VP Bank Group offers tailor-made asset management and investment advice for private individuals and intermediaries.