Liechtenstein-headquartered VP Bank has opened a new office space in Singapore, marking 15 years of presence in the city-state.

VP Bank has officially moved into new offices in Singapore, according to a statement. Located in Guoco Midtown, the office will help drive the bank’s plans for further alliances and partnership opportunities.

«Asia remains one of the key strategic focuses for VP Bank,» said group CEO Paul Arni.

15th Anniversary

In addition, VP Bank is celebrating its 15th anniversary in Singapore. In 2007, it set up an asset management company in the city-state before receiving a banking license from the Monetary Authority of Singapore in 2008.

«With Asia on the cusp of the biggest ever intergenerational wealth transfers, the opportunities in wealth management are immense. VP Bank has both the right talent and environment to seize these opportunities,» added Asia CEO Pamela Hsu Phua.