Liechtenstein's VP Bank ready to make acquisitions in Asia

It seeks to buy a reasonably priced entity with long-term oriented growth and which fits its culture and size

Angela Tan

Published Wed, Oct 25, 2017 · 09:50 PM

Singapore

ARMED with a healthy balance sheet and three supportive strategic shareholders, Liechtenstein private bank, VP Bank Group, is prepared to make acquisitions in Asia to accelerate growth.

The bank, which focuses on asset management services for rich individuals and intermediaries, manages 41.5 billion Swiss francs (S$57 billion) of client assets worldwide. It sees vast investment opportunities in Asia.

Its chief strategist and head of investment research, Bernd Hartmann, who was in Singapore on Wednesday, told The Business Times that the bank has plans to hire 75 relationship managers a year in a bid to forge closer ties with clients not just in Asia, but globally.

"We like to provide services to clients for closer relationships, with our portfolio approach and new idea…

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