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Does VP Bank need a new Asia strategy?

Liechtenstein-headquartered VP Bank is closing down its Hong Kong office after 18 years amid the departures of its Asia CEO and COO. Flat AUM growth and falling NNA are also jeopardising its Strategy 2026. The departure of Asia CEO Pamela Phua caught many by surprise as Phua has built a respectable and decent track record in serving intermediaries and family…

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