VP Bank has appointed Thomas Rupf as co-head Singapore and chief investment officer (CIO) Asia and Reto Marx as co-head Singapore and chief risk officer Asia.
Rupf is responsible for the overall strategic direction, corporate growth and operational management of the Singapore branch, according to a press statement by the private bank.
In his role as CIO Asia, he oversees and leads the team in supporting the intermediaries and private banking clients in Asia through the development and marketing of investment ideas and solutions. He is also responsible for the management of the trading desk in the region.
Rupf joined VP Bank Group in 2007 and has more than 20 years of experience in the wealth management industry in Asia and Europe. He has worked in various areas of trading, investment consulting and investment advisory.
“We see immense growth potential in Asia, and Singapore is an integral part of VP Bank’s growth strategy in this region,” said Rupf. “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.”
As co-head Singapore, Marx is also responsible for the overall strategic direction, corporate growth and operational management of the Singapore branch. Prior to his current role, Reto held several key positions at VP Bank, including head of intermediaries and private banking Singapore, head of Hong Kong, and most recently as head of product & solutions 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. 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,” said Marx.
Marx’s career spans more than three decades, with positions at UBS Wealth Management, Bank Sarasin-Rabo (Asia) Ltd, and Credit Suisse AG. His expertise includes managing (ultra) high-net-worth clients, intermediaries and leading regional teams across Asia-Pacific.
