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Donald Trump is poised to win the US presidential election, likely securing a congressional majority, which may lead to corporate tax cuts and increased tariffs, particularly on Chinese imports. These changes could exacerbate inflation and challenge the Fed's planned interest rate cuts. Europe faces potential economic setbacks from lower US corporate taxes and reduced military support, particularly regarding Ukraine, necessitating a focus on domestic economic growth to remain competitive.
VP Bank has appointed Urs Monstein as its new CEO, effective May 1, 2024. Monstein, who has been with the bank since 2018 and served as interim CEO, brings extensive banking experience from Credit Suisse and UBS. His leadership will focus on enhancing the bank's international wealth management and advancing digitalization while expanding into Asian and European markets.
German industry experienced a surprising 4.2% rise in new orders in September, the highest since June, following a sharp decline in August. While domestic orders increased by 3.6% and foreign orders by 4.4%, economists express concern over potential challenges ahead, particularly with the looming election of Donald Trump, which could lead to import tariffs affecting German exports to the U.S.
Urs Monstein has been appointed as the new CEO of VP Bank, succeeding the former CEO ad interim. Having served as Chief Operating Officer since 2018 and in an interim CEO role since May 2024, Monstein brings extensive knowledge of the bank. Additionally, two members of the Executive Board are stepping down.
Urs Monstein has been appointed as the permanent CEO of VP Bank after serving in an interim capacity since May 2024. The bank is undergoing a reorganization, with key departures including CFO Roger Barmettler and CEO of VP Bank (Switzerland) Mara Harvey, as it aims to enhance client alignment and strategic transformation. Monstein emphasizes a focus on creating value for clients while maintaining cost discipline amidst recent challenges.
VP Bank has appointed Urs Monstein as CEO following Paul Arni's departure, while CFO Roger Barmettler and CEO of VP Bank (Switzerland) Ltd, Mara Harvey, will leave by the end of 2024. The bank is realigning its structure to enhance client focus and strategic transformation, with a reported net profit of SFr11.5 million in H1 2024 and an 8.8% increase in client assets under management.
VP Bank has appointed Urs Monstein as CEO following Paul Arni's departure, while CFO Roger Barmettler and CEO of VP Bank (Switzerland) Ltd, Mara Harvey, will leave by the end of 2024. The bank is realigning its structure to enhance client focus and strategic transformation, with a reported net profit of SFr11.5 million in H1 2024 and an 8.8% increase in client assets under management.
Urs Monstein has been appointed as the permanent Group CEO of VP Bank, transitioning from his interim role. Previously serving as COO, Monstein had a brief stint as interim CEO in 2019 before Paul Arni took over. His latest promotion marks a significant step in his career at the Swiss bank.
VP Bank has appointed Urs Monstein as permanent group CEO following Paul Arni's resignation in May. Monstein will also manage the bank's international business temporarily after the departure of Mara Harvey, CEO of VP Bank Switzerland, and other senior executives, leading to the closure of its Hong Kong office.
Urs Monstein has been appointed as the permanent CEO of VP Bank after serving temporarily since May 2024, succeeding Roger Barmettler and Mara Harvey, who are leaving for new opportunities. The bank is reorganizing its structure to enhance client alignment and strategic transformation, with Monstein also overseeing the International Locations unit. The Board aims to improve cost efficiency and growth amidst recent challenges.
VP Bank AG
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