VP Bank has promoted Will Wang to head of Hong Kong for VP Wealth Management (Hong Kong) Ltd and chief representative of VP Bank AG Hong Kong Representative Office.
Based in Hong Kong, Wang (pictured) will support the bank’s business expansion opportunities in Hong Kong and Greater China, according to a statement by the Liechtenstein-based bank.
He will step down from his current position as head of alternative solutions but will retain his responsibilities as the head of strategic partnerships Asia.
Meanwhile, Reto Marx returns to Singapore as chief risk officer Asia and head of product & solutions Asia (ad interim), stepping down from his current role as head of Hong Kong for VP Wealth Management (Hong Kong).
In his newly-created role, Reto is responsible for risk management advisory and governance matters, as well as overseeing the bank’s operational risk, legal and compliance functions in Asia.
Both of the appointments are effective from 1 April 2024, and Wang and Marx will continue to report to Pamela Phua, chief executive officer Asia.
“These key leadership appointments will reinforce our position in the industry and demonstrate our unwavering commitment to sustainable growth and success in the Asia region,” said Phua, in the statement.
VP Bank Group is listed on the SIX Swiss Exchange, and as of 31 December 2023, its client assets amounted to CHF 51.1bn ($56.4bn).
