SUBSCRIBERS

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

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.

A wholesale banking licence wi…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes