Media release

VP Bank Ltd Singapore Branch Clinches Coveted "Best Private Bank – Intermediary Service"

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VP Bank Ltd today announced clinching the prestigious Asian Private Banker Award for Distinction 2022, Best Private Bank – Intermediary Services. This win affirms the bank’s dedication and commitment to financial intermediaries across the Asia-Pacific region.

VP Bank was founded in 1956 and continues to remain a valued partner for intermediaries. Unlike other private banks, VP Bank offers a variety of unique services, which make up for more than half of its business.

The Asian Private Banker Awards for Distinction 2022 sets the benchmark for excellence in private wealth management in the Asia Pacific region.

“We are honoured to accept this award from the Asian Private Banker, and I believe we have achieved this through the hard work of our colleagues and the continued support of our clients and partners. We are in an even stronger position to expand our network and offer excellent services for external asset managers, family offices, and trustees,” said Pamela Phua, Chief Executive Officer of VP Bank Asia.

We are honoured to accept this award from the Asian Private Banker.

Pamela Phua Chief Executive Officer, VP Bank Asia

“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 only 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,” reiterated Johnny Heng, Head of VP Bank Ltd Singapore branch.

As a leading bank for private clients and intermediaries, VP Bank is focused on the future. By fully embracing its social responsibilities, and move towards digitisation-tokenisation-innovation, VP Bank is all geared toward serving the core goal: to offer the bank's clients outstanding investment solutions.

With intermediaries continuing to be at the core of its business, VP Bank is looking to build upon this success in 2023, offering financial resilience, holistic advice and investment offering, and modern e-offerings to existing and potential clients and partners. Agility and innovation remain the top two traits espoused by VP Bank, as they seek to continually evolve the business to ensure that all challenges are met.

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