Michel Hofstetter takes on the position in addition to his role as head of intermediaries.

VP Bank has announced the promotion of Michel Hofstetter as head of intermediaries and private banking, Singapore.

"This move strengthens the bank's leadership team and sharpens its strategic focus on client coverage and operational optimisation across Asia," VP Bank said in a media release.

Hofstetter has been head of intermediaries since 2024, after spending more than 23 years at Julius Baer, where he worked in Zurich, New York and Singapore, according to his LinkedIn page.