VP Bank poaches ex-Deutsche Bank head as new CEO

Ridhima Sharma
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VP Bank poaches ex-Deutsche Bank head as new CEO

The Board of Directors of VP Bank has appointed Paul H. Arni as the new CEO of VP Bank Group, subject to the approval of the Liechtenstein Financial Market Authority (FMA).

Arni will be taking up his position on 1 October 2019. Until then, Urs Monstein, chief operating officer of VP Bank, will continue to exercise the CEO function on an interim basis.

With a long-standing banking and management experience, both in the front office as well as in the back-office field, Arni has worked with UBS, Credit Suisse, Bank Julius Baer and Deutsche Bank. Most recently, Arni was head Wealth Management Switzerland and a member of the Board of Management of Deutsche Bank (Switzerland) AG.

Prior to that, he was market head Zurich and deputy regional manager Switzerland at Bank Julius Baer & Co., where he was responsible for private banking operations in the greater Zurich area. Between 2012 and 2014, Arni held the position of global COO Private Banking of Credit Suisse AG, overseeing 1,000 employees at various international locations and at numerous management levels. He was previously regional head Zurich at the same bank and head Private Banking Switzerland for the Zurich region. From 1993 to 2008 he held a variety of senior positions in the back office and front office field at UBS AG.