VP Bank sees boost in operating income and significant net new money inflow in the first half of 2020
With a Group net income of CHF 14.4 million, net new money inflow of approximately CHF 1 billion, an improved cost structure and an increase in operating income of 2.5 per cent to CHF 166.8 million, VP Bank Group has proven its crisis resilience in the first six months of a year turned upside down by the coronavirus pandemic.
VP Bank is appointing Thomas von Hohenhau to the position of Head Client Solutions and member of Group Executive Management
The Board of Directors of VP Bank is appointing Thomas von Hohenhau to the position of Head Client Solutions with effect from 1 September 2020. This business unit was newly-created within the context of Strategy 2025. In this function Thomas von Hohenhau will also be made a member of Group Executive Management.
Organisational and personnel changes on the VP Bank Group`s Executive Management
VP Bank Group is responding to the valuation adjustment on a single position that was announced this spring by reorganising its credit division. This will result in personnel changes on the Group Executive Management.