VP Bank: Redefining Excellence in Financial Intermediation
Once again, VP Bank has shown itself to be a frontrunner in the ever-changing field of private banking for intermediaries. The bank’s third win in this category and continued dominance for the second year in a row have been recognised with the “Best Private Bank – Intermediaries” award by Asian Private Banker.
A Commitment Carved into the Bank’s Identity
At the heart of VP Bank’s operations lies its deep-rooted commitment to financial intermediaries, who form a significant portion of its global business. This unwavering focus has been a key element of their strategy, propelling them to the forefront of the sector. The bank’s profound understanding of the intricate needs of their clients is the cornerstone of their distinct business approach.
Pamela Phua, Chief Executive Officer of VP Bank Asia, shared her thoughts on this achievement: “We are extremely honoured to have been recognised by Asian Private Banker as the Best Private Bank – Intermediaries. Winning this prestigious distinction for the third time further solidifies our position in the Intermediaries business and is a testament to the hard work of our team, coupled with the unwavering trust and support of our clients and partners. This also aligns with the trajectory and progress of our Strategy 2026 which is now in its Growth phase and we are well-positioned to lead the way in servicing Intermediaries and our Private Clients with unparalleled excellence.”
Strategic Moves Yielding Fruitful Results
The decision to bring Singapore and Hong Kong under a single regional leadership in 2021 has proven to be a strategic masterstroke for VP Bank. This consolidation has sparked enhanced business synergies and momentum, significantly improving service delivery to both Intermediaries and Private Clients.
Innovation at the Forefront
VP Bank’s dedication to innovation is evident in its Open Wealth infrastructure. The bank’s unified banking platform offers Intermediaries comprehensive investment flexibility, enabling them to craft investment strategies that resonate with their clients’ wealth management aspirations. The bank’s robust IT framework ensures that new digital solutions are crafted in collaboration with clients and partners, catering to their evolving needs.
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Sustainability: A Core Strategic Pillar
Sustainability is more than a concept at VP Bank; it’s a strategic cornerstone essential to their long-term success and stakeholder value creation. The Investing for Change Initiative, anchored by the VP Bank Sustainability Score, demonstrates their commitment to embedding sustainability in investment and advisory processes. This approach is in harmony with VP Bank’s Strategy 2026 and aligns with the increasing client interest in ESG investing.
VP Bank’s repeated accolades from Asian Private Banker highlight its steadfast commitment to excellence in serving financial intermediaries. As the bank continues on its path of innovation and growth, its focus on sustainable, client-centric solutions firmly establishes it as a frontrunner in the evolving landscape of private banking.
