Ad hoc

Succession planning initiated for the Head Client Business

  ·   Ad hoc announcement pursuant to Art. 53 LR
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After seven successful years as head of the "Intermediaries & Private Banking" business segment, Christoph Mauchle has announced his intention to leave VP Bank during the course of the year. This personal decision is the result of Christoph Mauchle's further life planning and is being made in best agreement with the Board of Directors and CEO Paul Arni.

Christoph Mauchle has been a member of VP Bank's Group Executive Management since 2013 and, as Head Client Business, has made a significant contribution to the Group's continuous growth, particularly at its international locations. Fredy Vogt, Chairman of the Board of Directors of VP Bank, takes note of this decision with regret: "With various strategic initiatives, Christoph Mauchle has succeeded in successfully aligning the client business and thus sustainably increasing profitability and competitiveness. With Christoph Mauchle, we are leaving an entrepreneurial personality who has made a strong commitment to the Bank in recent years".

In order to ensure a smooth transition at the top of VP Bank's client-facing units, Christoph Mauchle will continue to hold his function until the succession arrangements have been completed.

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