Liechtenstein-based private bank VP Bank Group has named Paul Arni as its new CEO, replacing Alfred Moeckli.

Moeckli stepped down earlier this year after holding the role for nearly six years.

Arni will assume the new responsibility on 1 October 2019.

He joins from Deutsche Bank (Switzerland), where he was the wealth management head for Switzerland and a board member.

Arni previously worked as the market head for Zurich and deputy regional manager for Switzerland at Julius Baer.

He also worked at Credit Suisse where he was global COO of private banking and head of private banking Switzerland for the Zurich region.

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Prior to these roles Arni worked at UBS.

VP Bank COO Urs Monstein will serve as the acting CEO until Arni takes on the new role.

VP Bank chairman of the board of directors Fredy Vogt said: “Paul Arni was chosen on account of his many years of front-office experience, supplemented by his extensive know-how in a wide range of specialist banking fields.

“In addition, Paul Arni represents an excellent cultural fit with our bank. His professional background also ensures that Group Executive Management is well-balanced.”

Earlier this year VP Bank purchased Catella Bank’s Luxembourg private banking business at a cost of around CHF10.4m.