Teh firm said it is now searching for a full-time replacement, and has named an interim CEO. VP Bank operates in a number of regions, including Asia.

The chief executive of Liechtenstein-headquartered VP Bank, Paul Arni, is leaving after a five-year spell at the lender.

The bank, which said it has started a search for successor, has named Urs Monstein, chief operating officer, as interim CEO, according to a statement issued late yesterday afternoon.

Arni, who has been at the group since 1 October 2019, was central in driving its Strategy 2026 series of changes.

“He is handing over the leadership at a time when VP Bank is in a solid position with a sound foundation that will enable it to successfully pursue the group’s strategy in the second half of the year,” the bank said.

Arni will continue to be available as a consultant during a transition phase, it said.

“The board of directors of VP Bank Group would like to express its sincere thanks to Paul Arni for his great commitment and leadership in advancing the implementation of Strategy 2026 in a challenging environment for VP Bank and wishes him all the best for the future,” it said.

In early April, VP Bank reshuffled the leadership of its wealth business in Hong Kong. It appointed Will Wang as head of Hong Kong for VP Wealth Management (Hong Kong) Ltd and chief representative of VP Bank AG Hong Kong Representative Office. Based in Hong Kong, he stepped down as alternative solutions head, but kept his responsibilities as the head of strategic partnerships for Asia.

This news service has worked with VP Bank and Hywin Wealth to explore women’s issues in the Asia-Pacific wealth management sector.