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VP Bank rejigs private banking structure on back of poor earnings

VP Bank – a relative minnow in the Asia region – has announced that it will change its organisational structure, merging its international private banking and Banking Liechtenstein & regional market segments, effective 1 July 2013. According to the Liechtensteinian lender, the changes reflect “changing market conditions” and “reinforce [the bank’s] client focus”, with the creation of the new client…

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