VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020

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HONG KONG SAR – Media OutReach – 18 January 2021 – VP Bank Ltd Singapore
Branch has been awarded ‘Best Private Bank — Intermediary Services’ in the Asian
Private Banker Awards for Distinction
2020. The win is testament to the bank’s long-standing expertise and commitment
to financial intermediaries across the Asia-Pacific region.

 

As a valued partner for intermediaries, VP Bank’s unique
services make up for more than half its business – unlike any other bank. These
services come under the bank’s hybrid business model, where basic banking services,
on behalf of end-customers, are designed to be as efficient, dependable and
cost-effective as possible. These services are further complemented by VP
Bank’s fund solutions offerings and IT infrastructure, such as the VP Bank
e-bankingPLUS platform.

 

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“We are honoured to accept this award from the Asian Private
Banker, and I am thankful to our colleagues, clients and partners for their support
and trust that has helped us achieve this recognition. We are in a strong
position to expand our network, and offer excellent services for external asset
managers, family offices and trustees,” said Thomas Jost, Head Intermediaries
at VP Bank Ltd Singapore Branch.  

 

“In Asia, VP
Bank is well-placed to provide our clients with an integrated offering through
our Singapore wealth hub, drawing on our global expertise, ecosystem of
partners and long-standing experience in serving our Intermediaries and Private
Banking clients. ” added Reto Marx, Head Intermediaries & Private
Banking.

 

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Bruno Morel, VP
Bank’s Singapore Branch CEO, underscored the growing importance of the Bank’s
Asia business to be its partnership with Hywin Wealth Management Co Ltd.,
offering VP Bank the opportunity to build up business activities in the Chinese
market and advance VP Bank’s Asia strategy together with a highly professional
and reputable partner in China. In 2021, VP Bank will be intensifying the partnership
with Hywin Wealth by continuously advancing business activities together in
this attractive region. Most recently, VP Bank has also announced that it will
be accelerating its digital transformation as an important milestone and key
component of its Strategy 2026.

 

Commenting on VP Bank’s win, editor of
Asian Private Banker, Sebastian Enberg who also chairs the judging panel for
the Awards for Distinction said, “VP Bank’s patent commitment to Asia’s
independent asset management community is well evidenced by its continued and
meaningful investments in servicing, solutions, and digital capabilities, with
the intent of supporting Independent Asset Managers and their clients beyond
their traditional banking needs. This dedication is laudable in an industry
where IAMs are not typically viewed as a core business priority, let alone
partners. And it’s yielding results. In 2020 — and amid challenging conditions
— VP Bank in Asia realised a marked increase in the quality of its IAM
relationships, including in North Asia, healthy new asset inflows, and further
added to its team of Intermediaries specialists, thereby distinguishing itself
in a highly competitive space.”

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The Asian Private
Banker Awards for Distinction sets
the benchmark for excellence in private wealth management in the region. The
judging panel includes members of Asian Private Banker’s editorial team.

Facts & Figures – VP Bank Group

VP Bank Ltd was founded
in 1956 and is one of the largest banks in Liechtenstein with 979 employees at
the mid-2020 (full-time equivalent 908). It currently has offices in Vaduz,
Zurich, Luxembourg, Singapore, Hong Kong and Road Town on the British Virgin
Islands. VP Bank Group offers bespoke asset management and investment
consultancy for private individuals and intermediaries. Due to the open
architecture, clients benefit from independent advice: The products and
services of leading financial institutions as well as in-house investment
solutions are included in client recommendations. VP Bank is listed on the
Swiss stock exchange SIX, and has an “A” rating from Standard &
Poor’s. The bank has a sound balance sheet and capital base. Its anchor
shareholders take a long-term view, guaranteeing continuity, independence as
well as sustainability.

 

Facts & Figures – VP Bank Ltd Singapore Branch

VP Bank Ltd Singapore
Branch is a boutique private bank with a client-centric business philosophy.
With a presence in Singapore since 2008, it is the Asian branch of the
Liechtenstein-based VP Bank Group.

 

VP Bank Ltd Singapore
Branch provides specialised wealth management solutions and family office
services for high-net-worth clients and professional asset managers and is
dedicated to the protection and growth of clients’ wealth. The bank offers a
holistic suite of services in wealth management. Apart from private wealth
management, VP Bank Ltd Singapore Branch provides comprehensive services for
asset managers and other financial intermediaries. The service offering
comprises a trading platform, banking services – including e-banking and mobile
banking – and operational support. Partnership arrangements with professionals
include tailor-made investment advisory, discretionary management solutions,
and custodian services.

VP Bank was awarded Best External Asset Manager
Service Provider and Best Private Banking Regional Partnership at Greater China
WealthBriefingAsia Awards for Excellence 2020 and Best Asia EAM Service Desk at
Citywire Asia EAM Desk Awards 2020. In 2021, VP Bank was named Best Private
Bank — Intermediary Services by Asian Private Banker.VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020

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Latest News

Hong Kong Productivity Council Theme of the Year 2021: “Make Smart Smarter”

  • Smarter Era of Intelligent Manufacturing Launch Ceremony
  • Witnesses New Milestone for Reindustrialisation in Hong Kong


HONG KONG SAR - Media OutReach - 26 February 2021 - The Hong Kong Productivity Council (HKPC) launches a series of activities in 2021 themed "Make Smart Smarter". The campaign with "Smarter Era of Intelligent Manufacturing Launch Ceremony" was kicked off today, revolving around the theme of "reindustrialisation".


VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020 - Brand Spur

The "Smarter Era of Intelligent Manufacturing Launch Ceremony" was officiated together by Dr David Chung, Under Secretary for Innovation and Technology, HKSAR Government (fourth from left); Mr Clemente Contestabile, Consul General of Italy in Hong Kong (third from right); Ms Rebecca Pun, Commissioner for Innovation and Technology, HKSAR Government (second from right); Dr Daniel Yip, Chairman of the Federation of Hong Kong Industries (third from left); Mr Roberto Leone, Managing Director of NiRoTech Limited (first from right); Mr Willy Lin, Chairman of HKPC (fourth from right); Mr Mohamed Butt, Executive Director of HKPC (second from left) and Mr Edmond Lai, Chief Digital Officer of HKPC (first from left).


Co-organised by the Federation of the Hong Kong Industries (FHKI), this spotlight event exhibited and introduced an excellent example of reindustrialisation whose research and development were undertaken by HKPC. Gaining support from the Innovation and Technology Bureau and funding support from the R&D Cash Rebate Scheme of the Innovation Technology Commission of the HKSAR Government, production has been successfully commenced in NiRoTech Limited (NiRoTech), a local intelligent security product manufacturer.

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This smart production line, named the "OWL" intelligent production line, gives into full play the characteristics of an owl's wisdom, piercing eyes, flexible body, soft neck (360o vision) and agile movement. These perfectly echo the key features of this intelligent production line which has high flexibility, excellent agility to cater for different production needs, stringent and precise production capacity, as well as non-stop operation. Five key "S.M.A.R.T" elements: Speed, Multi-function, Accuracy, Reliability and Traceability, can be seen in this production line offering edges of intelligence and efficiency enhancement.


In order to effectively respond to Hong Kong manufacturers' demands on production space, the "OWL" production line adopts a U-shape compact layout design and incorporates the beauty of the "Industry 4.0" (i4.0) lean manufacturing "vision", significantly reducing the factory area to meet the unique land constraints of Hong Kong. NiRoTech's smart factory only occupies 10,000 square feet, saving 50% of the land. It is also equipped with 12 robots and large amount of customised intelligent automation systems and digital technologies. Compared with traditional manual production, the overall production capacity increases by 1.5 times.


Mr Willy Lin, Chairman of HKPC, and Dr Daniel Yip, Chairman of FHKI, were joined by Mr Clemente Contestabile, Consul General of Italy in Hong Kong; Dr David Chung, Under Secretary for Innovation and Technology, Ms Rebecca Pun, Commissioner for Innovation and Technology; Mr Roberto Leone, Managing Director of NiRoTech; as well as Mr Mohamed Butt, Executive Director of HKPC and Mr Edmond Lai, Chief Digital Officer of HKPC, for the launch of the ceremony.


In his welcoming address, Mr Willy Lin, Chairman of HKPC, said, "HKPC is committed to offering staunch support for Hong Kong SMEs in technology R&D and technical aspects, with the aim of creating value for the industrial development of enterprises with state-of-the-art technologies. The 'OWL' intelligent production line is an excellent example of applying innovative technologies that also fits perfectly with HKPC's theme of this year 'Make Smart Smarter'. As owl represents wisdom, by being smarter and using innovative technologies such as IoT, AI, big data, intelligent robots and smart production processes to unleash production opportunities of i4.0, it will certainly scale up productivity and contribute to successful reindustrialisation in Hong Kong, thus achieving the goal of 'Make Smart Smarter'".


He continued, "It is really encouraging to see this 'reindustrialisation' example witnessing the concerted efforts of the Government, industries, business chambers and HKPC to promote reindustrialisation in Hong Kong! HKPC sincerely urges various sectors to work together to accelerate reindustrialisation for the swift recovery of Hong Kong economy and to ensure the "Made-in-Hong Kong" brand to continue to shine bright in the international arena -- Make Smart Smarter".


Dr David Chung, Under Secretary for Innovation and Technology, said, "the Government has been actively promoting 'reindustrialisation' in recent years by providing support in infrastructure, finance, technology and talents in order to create new area of growth and great job opportunities which would help alleviate Hong Kong's competitiveness. I wish to see more enterprises 'Make Smart Smarter', and make good use of these opportunities provided by I&T, as well as the support from the Government, to work and contribute together in turning Hong Kong into an international I&T hub".


Dr Daniel Yip, Chairman of FHKI said, "This collaboration of HKPC and NiRoTech serves as a valuable reference for industrialists on how to integrate i4.0 into production lines to enhance efficiency, elevating their confidence to set up high value-added manufacturing facilities in Hong Kong. With comprehensive policy support and HKPC's professional consultative service, FHKI believes that more Hong Kong manufacturers will join the force of 'reindustrialisation' by pursuing technological advancement and setting up smart manufacturing plants locally, taking the Hong Kong industries into a new era".


The "OWL" intelligent production line integrates the smart adoption of advanced robots with machine vision, smart electrical and mechanical devices, laser processing and sensor technologies. Also, by incorporating AI, IoT, human machine interface, real-time data collection and data analytic technologies, it ensures the full automation and digitalisation of production, assembly and monitoring to achieve big data analytics. Apart from three technologies whose patents are soon to be applied, the project also assists NiRoTech's business planning in exploring the emerging markets and grasping new opportunities.


Mr Roberto Leone, Managing Director of NiRoTech, said, "Mechatronic Manufacturing in Hong Kong: our strategy was clear from the start when we sought HKPC's assistance for help to realise intelligent production. For some, this goal was still immature and very difficult to achieve, especially with Hong Kong being chosen as our operation hub. Today we can proudly say we have achieved it with the system in Hong Kong operating satisfactorily as schedule. Despite there are challenges as the COVID-19 pandemic was affecting all in 2020, the result is now vividly in front of us, and we can touch it. Yet this is only the first step of a long journey".


For more details about "Make Smart Smarter", please visit the dedicated website: https://smarter.hkpc.org/en/index.html


About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through integrated advanced technologies and innovative service offerings to support Hong Kong enterprises. HKPC is the champion and expert in facilitating Hong Kong's reindustrialisation empowered by i4.0 and e4.0 -- focusing on R&D, IoT, big data analytics, AI and Robotic technology development, digital manufacturing, etc., to help enterprises and industries upgrade their business performance, lower operating costs, increase productivity and enhance competitiveness.


The Council is a trusted partner with comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhanced competitiveness in both local and international marketplace. It offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, accompanying them on their innovation and transformation journey.


In addition, HKPC partners and collaborates with local industries and enterprises to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation and technology transfer, with commercialisation of multiple market-driven patents and technologies, bringing enormous opportunities abound for licensing and technology transfer, both locally and internationally.

For more information, please visit HKPC's website: www.hkpc.org.


VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020 - Brand Spur
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