Liechtenstein-based private bank VP Bank has combined its fund businesses in Luxembourg and Liechtenstein, which will now operate under the single name VP Fund Solutions.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund business includes a spectrum of fund services ranging from planning through establishment to operational management.
The bank said that the umbrella term VP Fund Solutions enables the Group to present a uniform public image for the VP Bank Group fund business.
The move will also see VP Fund Solutions (Luxembourg) SA replacing the former VPB Finance S.A. as a subsidiary of VP Bank (Luxembourg) SA.
Additionally, the IFOS Internationale Fonds Service Aktiengesellschaft in Vaduz, domiciled as a subsidiary of VP Bank at the Liechtenstein location, will now operate under the name of VP Fund Solutions (Liechtenstein) AG. The two companies currently have a total of 55 staff.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataEduard von Kymmel, head of VP Fund Solutions and CEO of VPB Finance S.A. in Luxembourg, was responsible for the entire fund business of VP Bank Group since January 2015 and considers it a particularly important growth segment for VP Bank.
"VP Fund Solutions corresponds with our vision of appealing to clients by creating unique client experiences. The single umbrella organisation VP Fund Solutions will strengthen our public identity, further increase efficiency in the service of our clients and simplify compliance with all regulatory requirements," von Kymmel added.
