VP Bank has announced key changes to its Asia organization as part of efforts to enhance its competitive edge in seizing opportunities in the region. Esther Fung joins the bank as a senior wealth planning specialist with the rank of executive director, effective immediately.

With over two decades of experience in serving ultra-high net worth individuals and families across Singapore and Hong Kong, Fung will support the development and broadening of the bank’s wealth and succession planning solutions in Asia. Prior to joining VP Bank, Fung worked for DBS, Equity Trust and BNP Paribas, and is a full member of the STEP organization.

Thomas Jost will be leaving the bank and his role as head of intermediaries in Singapore to pursue other opportunities. Markus Wolf will take over the role ad interim, effective August 1. Wolf joined VP Bank Singapore in 2019. He has more than 15 years of Asia private banking experience in strategy development and business management. He will be reporting to the interim head of Singapore, Thomas Rupf.

Luca Kast will assume the newly created role of business manager for Asia, reporting to chief of staff Asia Heline Lam, effective August 16. Kast is currently deputy head of operations Singapore. He has been with VP Bank for four years. In his new capacity, he will work closely with Lam to drive strategic business initiatives for the region.

Karen Tan, head of private banking in Singapore, will continue to lead the private banking business, reporting to interim head of Singapore Thomas Rupf. 

After a 15-year career with the bank, Clare Lam will be retiring from her role as chief representative and head of Hong Kong on September 30. Lam will assume the role of senior adviser, effective October 1.

Reto Marx will move from his current role as head of intermediaries and private banking, Singapore, to assume the responsibility of chief representative and head of Hong Kong, effective October 1. Marx has deep experience in private banking, asset management and intermediaries business. In his new role, he will relocate to Hong Kong and report to Asia chief executive officer Pamela Hsu Phua.