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VP Bank remains optimistic about U.S. stocks, maintaining an overweight position despite upcoming tariffs set to take effect on April 2. Thomas Rupf, co-head for Singapore and Asia CIO, indicates that the firm does not anticipate a recession in the near term.
The BOJ is considering raising interest rates, impacting Japanese stocks negatively, as the Nikkei dipped slightly. Meanwhile, Chinese tech stocks surged on optimism from AI developments, while US markets showed cautious gains amid geopolitical tensions and corporate earnings. The Swiss market started slowly, with Holcim shares under pressure after a downgrade.
VP Bank has appointed Thomas Rupf and Reto Marx as co-heads of its Singapore branch, with Rupf also serving as Chief Investment Officer for Asia and Marx as Chief Risk Officer. Both leaders will drive the strategic direction and growth of the branch, focusing on enhancing services for intermediaries and private banking clients in the region. Their extensive experience in wealth management positions them to capitalize on the growth potential in Asia, particularly in Singapore.
VP Bank has appointed Reto Marx and Thomas Rupf as co-heads of its Singapore branch, emphasizing its commitment to sustainable growth in Asia. The bank aims to leverage Singapore's financial infrastructure to enhance synergies between intermediaries and private banking, delivering tailored financial solutions to clients. Both leaders bring over 20 years of experience in the financial services sector, focusing on driving exceptional value and operational agility in the region.
VP Bank has appointed Reto Marx and Thomas Rupf as co-heads of its Singapore branch, reaffirming its commitment to growth in Asia despite ongoing challenges, including a significant drop in half-year net profit and leadership changes. The bank is undergoing a reorganization aimed at achieving efficiency and reducing its workforce by 100 jobs by 2026, while emphasizing Singapore's strategic importance in its growth plans.
At a recent investment forum, Thomas Rupf of VP Bank emphasized the importance of maintaining client investments during volatile times, highlighting the detrimental effects of fear-driven withdrawals. He noted a shift towards diversifying portfolios beyond China, with increasing interest in markets like India, Indonesia, and Vietnam, and advocated for incorporating green metals into investment strategies to align with the transition to sustainable energy. This approach not only mitigates risk but also positions clients to capitalize on emerging economic trends in Asia.
Thomas Rupf
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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