VP Bank denies Asia pull-back rumours
The boutique bank states it is committed to growing its wealth management offering in the region. It comes after a number of exits and reports of a strategic change of direction.
Liechtenstein-based boutique VP Bank has denied media speculation it is scaling back in Asia, stressing it will continue to strengthen its wealth management business in the region.
Nevertheless headhunters in Hong Kong and Singapore confirm departures, with seven recently recruited relationship managers having exited only this month. Asia CEO Ian Pollock – who was hired with a growth mandate at the start of this year – has also just stepped down.
Interestingly, VP Bank confirms …
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