Awards for Distinction 2022 – Best Private Bank – Intermediary Services

Best Private Bank Intermediary Services


VP Bank

Best Private Bank – Intermediary Services

Johnny Heng

head of VP Bank Ltd Singapore branch

We are extremely proud of our heritage and our modus operandi in Financial Intermediaries (FIMs). This sector is at the core of our business, unique to VP Bank, where the FIMs contribute to more than 50% of the Bank’s business globally. This is the result of our origin, and our clear and focused intent on recognising what intermediaries offer, the challenges within the sector, and addressing the myriad needs of our clients.


Reto Marx

head of Hong Kong, VP Bank

We are delighted VP Bank has been named Best Private Bank – Intermediary Services. I believe we have achieved this through the hard work of our colleagues and the continued support of clients and partners. We are now in an even stronger position to expand our network and offer top-notch services for external asset managers, family offices, and trustees.

What was behind the judges’ decision?

  • VP Bank has placed intermediaries at the heart of its business as part of its long-term strategy. Doing so is bearing fruit, according to key metrics shared with the judging panel, with this segment now contributing about half of revenue in Asia-Pacific
  • The lender has demonstrated a strong capacity to innovate. Its blockchain-based art tokenisation product, launched late in 2021, gained traction and resonated with clients during the period under consideration for the Awards for Distinction
  • Despite difficult underlying market conditions, 2022 was a strong year for VP Bank’s performance in terms of AUM growth and net new money. From an Asia perspective, the lender has added significant heft to its presence with the appointment of an industry veteran as regional CEO, as well as market heads in Singapore and Hong Kong and a new Asia management team

What we said

Based on its expertise, know-how and market-leading infrastructure, VP Bank in 2022 proved that it is the trusted partner for intermediary clients across Asia-Pacific, said Daniel Shane, editor, Asian Private Banker. Featuring high-quality investment research and advice, a range of liquid and alternative solutions, and trust and estate planning, VP Bank has consistently boosted its wallet share among the region’s independent asset managers (IAMs), an increasingly important client segment for the industry.

Asian Private Banker would like to congratulate everyone at VP Bank on their success in the category of Best Private Bank – Intermediary Services at the 12th Awards for Distinction, the region’s premier industry awards programme.

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