Decision Makers
Luxembourg

Can you present yourself in a few words?

I have spent nearly a quarter- century in the banking and investment industries in my native Cologne, in Zurich and since 2014 in senior executive management roles in the asset servicing industry in Luxembourg and Liechten-stein. But sport has always been an important element in my life. As a boy, hockey (and skiing) was “everything”. In hockey, division, but at 19 I took up golf instead. At the same time I found my career orientation: after consid- ering architecture – still a keen area of interest – as well as becoming a doctor or an auditor, I went for finance.

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How is VP Fund Solutions evolving?

Our clients appreciate the fact that we offer 2 fully fledged fund domiciles: Liechtenstein and Luxembourg. Luxembourg represents two thirds of our business, and our goal is to use it even more! The fund ecosystem here is one of the best in the world, so centralizing key activities here makes a lot of sense. Traditionally we are known as a one stop shop provider, but we also offer a highly flexible modular approach. We partner for example with other 3rd party mancos in offering fund administration, transfer agent and/or just “custody only” services. This part of our business is already substantial and continues to grow. On the level of VP Bank Group, all fund-related activities have been consolidated in the Asset Servicing segment, This evolution underlines the importance of Asset Servicing for our group where it accounts already for approx. 25% of all assets. Our strong focus on client service and customer satisfaction are under- pinned by the fact that not even 10% of our business originates from within our group. VP Fund Solutions is a real third-party private-label fund services provider.