4. Executive Board and Group Executive Management
The Executive Board (EB) is responsible for the operational management of the head office (VP Bank Ltd, Vaduz), whereas Group Executive Management is responsible for the management of VP Bank Group. Group Executive Management (GEM) is in charge of the management of the Group. Its tasks and competencies are specified in the OBR as well as in the functional descriptions for the individual Members of the Executive Board / Group Executive Management. The Chairman of the Executive Board / Group Executive Management (CEO) is responsible for the overall management of the Group and group-wide coordination.
The Members of the Executive Board / Group Executive Management generally meet every two weeks for a session. Additional meetings and workshops are held for the purpose of assessing the strategy and corporate developments as well as for dealing with annual planning, budgeting and other current issues.
4.1 Members of the Executive Board and Group Executive Management
As of 31 December 2024, the Executive Board and Group Executive Management were made up of the following individuals:
Surname | Year of birth | Position | At VP Bank since | Member since |
Dr. Urs Monstein | 1962 | Chief Executive Officer (CEO), Chief Operating Officer (COO) | 2018 | 2018 |
Roger Barmettler | 1972 | Chief Financial Officer (CFO), Stellvertreter des CEO | 2020 | 2021 |
Patrick Bont | 1975 | Chief Risk Officer (CRO) | 2020 | 2020 |
Dr. Mara Harvey1 | 1971 | Head of Region Europe | 2023 | 2023 |
Adrian Schneider | 1985 | Head of Region LI & BVI | 2023 | 2023 |
Dr. Rolf Steiner | 1968 | Head of Group Products & Solutions | 2019 | 2023 |
1Member of Group Executive Management, although not of the Executive Board of VP Bank Ltd, Vaduz
Paul Arni, Chief Executive Officer of VP Bank Group, left VP Bank by mutual agreement on 8 May 2024. Urs Monstein, Chief Operating Officer, has assumed the role of Chief Executive Officer of VP Bank Group on an interim basis.
The Board of Directors appointed Urs Monstein as Group CEO with effect from 5 November 2024. Urs Monstein joined VP Bank in 2018 as Chief Operating Officer and has many years of experience and comprehensive know-how in the financial sector.
Roger Barmettler, Chief Financial Officer of VP Bank, informed the Board of Directors that he would be seeking a new professional challenge outside VP Bank. Mara Harvey, CEO of VP Bank (Switzerland) Ltd and Head of Region Europe, also decided to leave VP Bank for personal reasons. Roger Barmettler and Mara Harvey remained available as Members of the GEM until the end of 2024 and assisted in the handover.
The Board of Directors has been embracing the change as an opportunity to align the organisation more consistently with clients and the strategic transformation. Since 1 January 2025, Group Executive Management has consisted of the client-facing units of Region Liechtenstein, International Locations, Products, Services & Investments and Strategic Transformation. The client-facing units are complemented by the Chief Financial Officer and Chief Risk Officer units.
Urs Monstein is managing International Locations on an interim basis, and Philippe Wüst, Head of Group Finance, is serving as CFO ad interim. The new Strategic Transformation unit will be led by Rolf Steiner (previously Head of Group Products & Solutions). As the Head of Investment & Client Services, Chief Investment Officer Felix Brill has been appointed as a Member of the Executive Board / Group Executive Management.
As a result, the Executive Board / Group Executive Management of VP Bank has been composed as follows since 1 January 2025:
- Urs Monstein: CEO and Head of International Locations ad interim
- Adrian Schneider: Region Liechtenstein
- Felix Brill: Investment & Client Services
- Rolf Steiner: Strategic Transformation
- Patrick Bont: Chief Risk Officer
- Philippe Wüst: Chief Financial Officer ad interim
4.2 Other activities and vested interests
The other activities of the Members of the Executive Board / Group Executive Management and any interests can be found in the biographies set out below.
Dr Urs Monstein
Born 1962, Citizen of Switzerland
Chief Executive Officer (CEO) and Chief Operating Officer (COO) of VP Bank Group
Education
Professional background
Since 11.2024: Chief Executive Officer (CEO)
05–10.2024: Chief Executive Officer ad interim
2018–10.2024: Chief Operating Officer (COO);
02–09.2019: Chief Executive Officer ad interim, Chief Operating Officer
2012–2017: Global Head of IT / Chief Information Officer
2010–2011: Head of Strategic Programs
2008–2009: COO International / Program Manager
2006–2007: Program Manager Strategic Initiatives
2001–2003: Head of Strategic Project Management
2000–2001: Head of Private Banking Services Switzerland
1998–1999: Project Manager Migration Private Banking Switzerland
1996–1997: Head of the Investment Clients and Securities Administration Unit
1995–1996: Training placement for corporate clients, Geneva
1993–1995: Assistant to the Chairman of the Executive Board, Region Switzerland
1992–1993: Controlling Region Switzerland
Other activities and vested interests
- Member of the Board of the Liechtenstein Bankers Association, Vaduz
- Member of the Board of the Liechtenstein Chamber of Commerce and Industry (LIHK), Vaduz
- Chairman of the Board of Directors of Data Info Services AG, Vaduz
Roger Barmettler
Born 1972, Citizen of Switzerland
Chief Financial Officer (CFO) and Deputy CEO of VP Bank Group
Education
Professional background
March 2021 to December 2024: Chief Financial Officer
June 2020 to February 2021: Chief Financial Officer ad interim
2020: Head of Group Finance
2014–2018: Liquidity Measurement & Reporting
2013–2014: Head of Credit Risk Reporting Private Banking
2011–2012: COO of Risk Analytics & Reporting
2006–2011: Group Accounting, Financial Reporting & Consolidation
2005–2006: Audit Manager Financial Audit Team
Other activities and vested interests
- None
Patrick Bont
Born 1975, Citizen of Switzerland
Chief Risk Officer (CRO) of VP Bank Group
Education
Professional background
2016–2020: Member of the Executive Board, Division Manager Banking
2013–2015: Member of the Executive Board, Division Manager Other Financial Intermediaries
2010–2013: Head of Legal and International Affairs
2009–2010: Lawyer, Executive Board staff
2005–2009: Director, Head of Business Management, Group General Counsel Area, UBS Corporate Center, Zurich
2007–2008: Director, Head of Business Management, Legal & Compliance, UBS Investment Bank, Hong Kong
2003–2005: Business Analyst, Operational Risk, UBS, Corporate Center, Zurich
2001–2003: Junior Client Advisor, UBS Wealth Management, Zurich
Other activities and vested interests
- University of Liechtenstein, Lecturer for the Compliance certificate course
Dr Mara Harvey
Born 1971, Citizen of Switzerland and the UK
Chief Executive Officer (CEO) VP Bank (Switzerland) Ltd and Head of Region Europe
Education
Professional background
2020–2021: Head of Global Wealth Management Client Services and Vice Chairwoman GFO
2016–2020: Head of Global UHNW Germany, Austria and Italy
2018–2020: Head of Global UHNW UK and Northern Europe
2014–2018: Founder and Head of UBS Unique
2015–2016: Head UHNW & Global Family Offices Europe International and Head of Global UHNW Client Engineering
2012–2015: Head of UHNW Europe Client & Business Development
2010–2012: Chief of Staff Global Wealth Management
2009–2010: Senior Client Advisor for UHNW and Single Family Offices
2007–2009: Head of Human Resources & Education for Northern, Eastern &Central Europe; Deputy Head of Human Resources & Education for Wealth Management Global (excluding Americas). Promotion to Managing Director
2002–2007: Strategy & Business Development, Wealth Management DE
2001–2002: Business Management, Private Banking, business divisions Germany / Benelux / Tourism and previously business division Europe
2000–2001: Analyst, Large and Structured Transactions, Risk Transformation and Capital Management, Private and Corporate Clients
Other activities and vested interests
- Marty’s Smart Way GmbH, founder and CEO
Adrian Schneider
Born 1985, Citizen of Switzerland
Head of Region Liechtenstein & BVI
Education
Professional background
2014–2019: Head of Investment Solutions, Deputy Executive Officer
2011–2014: Portfolio Manager, Member of the Management
Other activities and vested interests
- Member of the CFA Society Liechtenstein, Vaduz
Dr Rolf Steiner
Born 1968, Citizen of Switzerland
Head of Group Products & Solutions
Education
Professional background
2023–2024: Head of Group Products & Solutions
2019–2022: Group Chief of Staff
2017–2018: Head of Advisory Process & Client Interface, Wealth Management
2016–2017: Head of Sales & Business Management, Wealth Management
2011–2012: Head of Center of Competence Region Zurich, Private Banking Switzerland
2009–2010: Head of Business Support Region Zurich, Private Banking Switzerland
2006–2009: Head of Business Development for Private Banking Switzerland
2005: Head of Private Banking Program Office of OneBank reorganisation
Other activities and vested interests
- Member of the CFA Institute and the CFA Society Switzerland
- Foundation Council of AXA Foundation for Occupational Benefits, Principality of Liechtenstein
4.3 Number of authorised activities
VP Bank has not issued any statutory rules concerning the number of authorised activities.
4.4 Management contracts
VP Bank has no management contracts with third parties that involve the delegation of management functions.