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VP Bank to upgrade Singapore subsidiary to full branch
Its S'pore CEO says it will also upgrade its merchant bank licence to a wholesale one
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Angela Tan
Published Thu, Mar 15, 2018 · 09:50 PM
Singapore
BOUTIQUE private bank, VP Bank, will upgrade its Singapore subsidiary to a full branch in a bid to capture Asia's voracious appetite for credit, says Bruno Morel, its Singapore chief executive officer, on Thursday.
The bank, which is celebrating its 10th anniversary in Singapore this year, will also upgrade its merchant bank licence to a wholesale banking one for more freedom and capacity to handle its burgeoning Asian business. The new structure is targeted for a July implementation.
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