The Liechtenstein-headquartered group has named one of its own – and someone with more than two decades' industry background – for the roles.

VP Bank, the Liechtenstein-headquartered firm that announced top-level leadership changes in late 2024, has named Michel Hofstetter (pictured below) as head of intermediaries, and head of its Singapore private banking operation. His appointment follows that of co-heads, Thomas Rupf and Reto Marx.

Michel Hofstetter

With more than 20 years’ experience working with intermediaries, Hofstetter joined VP Bank in 2022. Prior to his new role Hofstetter was head of intermediaries for Singapore from July 2024; before this, he was head of intermediaries international and an executive director for almost two years, according to his Linkedin profile. 

Before VP Bank, he worked for 23 years and six months at Julius Baer in intermediaries in Southeast Asia.

In November 2024, VP Bank announced a new CEO: Urs Monstein (pictured below). Monstein had held the post ad interim since Paul Arni’s departure in May. In August of that year, the group shut its physical presence in Hong Kong to focus on Singapore.

Urs Monstein