Liechtenstein-based VP Bank has appointed an industry veteran as its new head of wealth management for Hong Kong.
Will Wang has been appointed as head of Hong Kong for VP Wealth Management (Hong Kong) and chief representative for the local office, according to a statement. In the role, he reports to Pamela Phua, CEO Asia. He will step down from his role as head of alternative solutions but retain his responsibilities as head of strategic partnerships Asia.
Wang has over 20 years of experience and previously worked at various global financial institutions including UBS and Julius Baer.
Predecessor Relocation
Wang replaces Reto Marx who will return to Singapore to assume the role of chief risk officer Asia and head of products & solutions Asia (ad interim). The former role is a newly created one which will see Marx be responsible for risk management advisory and governance matters as well as overseeing the bank's operational risk, legal and compliance functions in Asia. He will continue to report to Phua.
«As the region continues to attract inbound wealth, both from our financial intermediaries and private clients, we must strategically align our business to meet evolving client needs, maintain our service excellence and remain relevant,» Phua said.«These key leadership appointments will reinforce our position in the industry and demonstrate our unwavering commitment to sustainable growth and success in the Asia region.»
