Liechtenstein’s VP Bank is creating a new unit at its fund division and has appointed a fintech entrepreneur to take the lead.
Thomas on Hohenhau will take a seat on the executive board of VP Bank, taking charge of the new client solutions unit, according to a statement from the bank on Monday. He joins from Hamburg-based fintech Deposit Solutions.
The new unit will seek to unlock the access to new investment opportunities on the basis of the existing VP Fund Solutions. The unit will carry the revenue and results responsibilities, build on the services of the VP Bank Fund Solutions and add to those with solutions in the private market. The bank thus aims to provide a new business pillar in addition to the established businesses with intermediaries and private clients.
Von Hohenhau will start working at VP Bank in September. He currently is the CEO Switzerland at Deposit Solutions as well as chief client officer. The fintech has had operations in Switzerland since 2016 and offers an open product platform for interest-based products.
Deposit Solutions also provides this platform to the banking industry. Von Hohenau used to work for Julius Baer, where he last was in charge of the international portfolio management.
