The boutique private bank's Singapore chief is leaving due to personal reasons.
Bruno Morel, chief executive officer of VP Bank Singapore will be stepping down from his position with immediate effect, the bank announced on Wednesday.
Thomas Rupf, head of investment advisory and treasury, Asia, who joined VP Bank in 2007, will assume the role of the CEO on an interim basis with immediate effect.
Significant Contribution
Morel joined the Liechtenstein-headquartered bank's local unit in January 2017 from French banking group CIC, where he was head of private banking and executive vice president in Singapore since April 2013.
VP Bank said Morel «played a major role in the growth and success» of its Singapore subsidiary, and made a significant contribution to the successful expansion of the bank’s Asian business activities.
