Changes are taking place on the executive board of the VP Bank Group.

Dr Mara Harvey was appointed this week as the CEO of VP Bank (Switzerland). She is due to start in January 2023, subject to regulatory approval.

Thomas von Hohenhau will leave the executive board of the VP Bank Group, the firm said in a statement, and Harvey will take over as the CEO of VP Bank (Switzerland). 

The client solutions business unit, which is currently under his leadership, will be regrouped by the end of 2022, the firm continued. 

Von Hohenhau, who will steer through the transformation, has decided to leave VP Bank once it has been completed. All client activities will be transferred to regional responsibility – consisting of the regions Liechtenstein (including BVI), Asia and Europe, the firm said. 

Harvey holds a PhD in economics and has more than 20 years’ experience in the wealth management industry. She will take on responsibility for the Europe region which, alongside the Zurich location, also includes the Luxemburg location. 

The Liechtenstein home market region will now be responsible not only for intermediary and private client business but also for the two fund management companies Funds Solutions (Liechtenstein) AG and Funds Solutions (Luxemburg) AG, the bank continued. 

The remaining functional departments will be brought together within a new group products and solutions area, which will pool all expertise relating to the creation and development of the products and services offered by VP Bank Group. It will be headed by Dr Rolf Steiner, who is currently in charge of the CEO office.

Paul H Arni, CEO of VP Bank Group, said: “I would like to congratulate Mara Harvey and Rolf Steiner on their new appointments. Along with their teams, they will make a major contribution to the achievement of our ambitious goals.” 

“Thomas von Hohenhau carried out significant development work during the first phase of strategy implementation. I would like to extend my heartfelt thanks to him for his major commitment,” he continued.

VP Bank, listed on the SIX Swiss Exchange, is one of the largest banks in Liechtenstein, with locations in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands), with assets under management of SFr46.5 billion ($49.4 billion)