The future is smart and connected. The digitalisation will change our own lives as well as business models. In a new multipart series named “Digital Transformation – The path to the future” we will show which drivers are changing the way business is conducted in the future and how investors might profit from that.
VP Bank (Switzerland) Ltd secures simplified access to the German market
As one of only a small number of Swiss private banks to date, VP Bank (Switzerland) Ltd has secured the necessary exemption from the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BaFin”) under the simplified procedure. This entails simplified access to the German market.
Standard & Poor’s confirms "A" rating and stable outlook for VP Bank
In its current report dated 27 August 2019, the renowned rating agency Standard & Poor's reaffirmed its "A/Stable/A-1" rating for VP Bank, emphasising its favorable financial profile, very strong capitalization, stable shareholder structure, sound liquidity position and stable client deposit base.
VP Bank reports sharp growth in earnings and strong net new money inflows in the first half-year of 2019
With a gain of 20.5 per cent in group net income, net new money inflows of CHF 1.2 billion und a substantial increase in assets under management of 9.9 per cent to CHF 45.6 billion, VP Bank Group demonstrated a robust performance for the first six months.
Preliminary information: VP Bank increases first-half earnings by around 20 per cent
VP Bank Group is expecting group net income for the first half of 2019 to be substantially higher than the corresponding period of the previous year at around CHF 35 million (as at 30 June 2018: CHF 29.3 million).
VP Bank and Hywin Wealth sign Memorandum to enter into Strategic Collaboration
VP Bank Ltd (Liechtenstein) and Hywin Wealth Management Co. (China), respected pure play wealth managers, announced today their intention to jointly establish a Hong Kong based collaboration platform to meet the demand of wealthy Chinese for sophisticated wealth management services on- and offshore.
At a mature phase of the market cycle, investors are more than usually in need of a compass to guide their decisions. Navigation is especially tricky at present, but careful analysis will help investors to plot an appropriate course.
Paul H. Arni set to be the new CEO of VP Bank Group
The Board of Directors of VP Bank has appointed Paul H. Arni as the new CEO of VP Bank Group. Paul Arni will be taking up his position on 1 October 2019. Until then, Dr Urs Monstein, Chief Operating Officer of VP Bank, will continue to exercise the CEO function on an interim basis.
VP Bank’s buyback of shares on the standard trading line completed
VP Bank has completed the share buyback programme on the standard trading line on SIX Swiss Exchange launched on 27 June 2018. As of 28 June 2019, the Bank holds 9.58 per cent of its own share capital.