This publication can exclusively report on a high-level appointment at a European private banking business in Singapore.

Banque Internationale à Luxembourg’s Singapore branch has appointed Reto Isenring as chief executive, this publication can exclusively report. He takes up his new post on 15 October. He was previously CEO of VP Bank (Singapore.)

Isenring is a Swiss banker with 24 years of banking experience, with the past 13 years in various senior positions in Asia.

The previous CEO at BIL Singapore was Han Yeah Le.

Adrian Leuenberger, member of the management board and head of international private banking at BIL welcomed the new appointee, according to a statement emailed to WealthBriefingAsia.

“Reto is a talented and experienced banker who will help to strengthen our Singapore presence, notably focusing on high net worth individuals and external asset managers,” he said.

The bank has had a presence in the Asian city-state for almost 40 years. In 1978, BIL established a representative office in Singapore and started its banking business in 1982. The BIL Singapore Branch is licensed as an offshore bank by the Monetary Authority of Singapore. To date, BIL is the only Luxembourg bank with a presence in Singapore. BIL was founded in 1856 and employs more than 2,100 people.