WealthBriefing has learnt that Patrick Wild, latterly head of private banking overseas at Liechtenstein’sVP Bank has left the firm to pursue other opportunities.

A spokesperson for the bank told WealthBriefing that it is not seeking a replacement for Mr Wild.

Mr Wild joined VP Bank in 2006, having previously been head of Julius Baer’s family office group.

VP Bank added Mr Wild to its management board in 2006, along with Jürg Moll, the former head of Julius Baer’s German business – appointments which at the time the bank said were intended to strengthen its activities in Switzerland, and were a demonstration of its commitment to growing its wealth management business in the Alpine state.

The VP Bank Group reported a net loss of SFr80.3 million (around $76 million) in 2008, reversing a profit of SFr161.5 million a year before, as the firm described how it “battled against the effects of the crisis in the financial markets”.

Client assets under management stood at SFr35.1 billion at year-end, down from SFr41.9 billion the year before.