VP Wealth Management (Hong Kong) Ltd, a wholly owned subsidiary of VP Bank in Liechtenstein, on Monday (November 22)  moved to a new office in the city’s Central business district.  The expansion of the Hong Kong office will enable it to better seize the opportunities from the growing number of intermediaries and private banking clients in Asia who need robust and reliable wealth management partners, says Reto Marx, the bank’s head of Hong Kong and managing director.

Under its “Strategy 2026”, VP Bank says it aims to become an open wealth services provider by providing a platform that amalgamates traditional banking activities with the rapidly evolving digital ecosystem. Additionally, with its recently formed Asia Management Committee (Asia Manco), the bank has created an umbrella market within Asia that fully integrates Singapore and Hong Kong.

“Asia represents one of the top priorities in the group’s Strategy 2026,” Marx says. “In Central Hong Kong, our modernized office space will accommodate for growth and scale. We are fully committed to this region and continue to invest and re-energize our business model in order to cater to our clients' evolving wealth management needs.”

Heline Lam, chief of staff Asia, says the new office space, which provides the bank with its own floor, will allow the bank to accommodate more than double its current headcount.