VP Bank, a Liechtenstein-based bank, will be upgrading its Singapore subsidiary to a full branch in a bid to capture Asia’s appetite for credit.
VP Bank Singapore, which has about 50 employees, plans to double its headcount within three years. The new hires – a mix of relationship managers and support staff – will be housed in the bank’s expanded premises in Asia Square.
With the hiring plans already in commencement, Elizabeth Yi, HR director at VP Bank AG, said that about a third of the 50 new hires are anticipated to be made by end of the year.
Speaking more to Human Resources on its recruitment strategy, she commented: “VP Bank Group’s Asia strategy on organic growth includes our Asian markets as well as some of our European subsidiaries”.
Additionally, she highlighted that the bank will be providing both professional local and group-wide trainings for its new team members.
Globally, VP Bank will be hiring 75 client advisers, namely in Singapore and Hong Kong, by the end of next year. It has 860 employees worldwide.
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