VP Bank (Luxembourg) S.A. – New member of Management Board
VP Bank (Luxembourg) S.A. – New member of Management Board
VP Bank (Luxembourg) S.A. – New member of Management Board
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<strong>VP</strong> <strong>Bank</strong> media release<br />
<strong>VP</strong> <strong>Bank</strong> (<strong>Luxembourg</strong>) S.A. <strong>–</strong> <strong>New</strong> <strong>member</strong> <strong>of</strong> <strong>Management</strong> <strong>Board</strong><br />
Vaduz, September 29, 2005 <strong>–</strong> Effective January 1, 2006, Paul Harr will join <strong>VP</strong> <strong>Bank</strong><br />
(<strong>Luxembourg</strong>) S.A. as a new <strong>member</strong> <strong>of</strong> its <strong>Board</strong> <strong>of</strong> <strong>Management</strong>.<br />
Paul Harr (1953; German citizen) will join <strong>VP</strong> <strong>Bank</strong> (<strong>Luxembourg</strong>) S.A. on January 1, 2006, and as a<br />
<strong>Board</strong> <strong>of</strong> <strong>Management</strong> <strong>member</strong> take over responsibility for the <strong>Bank</strong>ing Services business division.<br />
He received his economics degree from the University <strong>of</strong> Pforzheim and has gained years <strong>of</strong><br />
banking experience in <strong>Luxembourg</strong>, particularly in the areas <strong>of</strong> private banking and investment<br />
funds. Among other things, he spent fourteen years in senior management positions at various<br />
<strong>Luxembourg</strong>-based banks, most recently as a <strong>member</strong> <strong>of</strong> the <strong>Board</strong> <strong>of</strong> <strong>Management</strong> at HSH<br />
Nordbank International S.A., where he was responsible for the <strong>Bank</strong>ing Services business division.<br />
With the hiring <strong>of</strong> Paul Harr, <strong>VP</strong> <strong>Bank</strong> (<strong>Luxembourg</strong>) S.A. is pleased to have gained a personality<br />
who possesses such extensive management and pr<strong>of</strong>essional experience.<br />
Agenda<br />
2005 annual financial results: March 7, 2006<br />
2005 annual shareholders’ meeting: April 28, 2006<br />
Facts & Figures<br />
Verwaltungs- und Privat-<strong>Bank</strong> Aktiengesellschaft (<strong>VP</strong> <strong>Bank</strong>) was founded in 1956 and ranks among<br />
the largest banks in Liechtenstein. Today, it has subsidiaries in Zurich, <strong>Luxembourg</strong> and the British<br />
Virgin Islands, as well as an asset management company in Munich and a representative <strong>of</strong>fice in<br />
Moscow.<br />
The <strong>Bank</strong> conducts its business activities via three business divisions: Private Clients, Trust <strong>Bank</strong>ing<br />
und <strong>Bank</strong>ing Services.<br />
As at June 30, 2005, the <strong>VP</strong> <strong>Bank</strong> Group had the equivalent <strong>of</strong> 549.1 full-time individuals under its<br />
employ. Its total assets stood at CHF 8.2 billion, and client assets under management amounted to<br />
CHF 27.6 billion.<br />
The <strong>VP</strong> <strong>Bank</strong> Group has received an “A” rating from Standard & Poor’s (A / stable / A-1), thereby<br />
making it one <strong>of</strong> the few <strong>of</strong>ficially rated banks in Liechtenstein or Switzerland.<br />
<strong>VP</strong> <strong>Bank</strong>/COM/sck 29.09.2005 1
2/2<br />
For further information, please contact:<br />
Verwaltungs- und Privat-<strong>Bank</strong> Aktiengesellschaft<br />
Aeulestrasse 6, FL - 9490 Vaduz<br />
Kim-My Schefer, Head Corporate Communications<br />
Tel. (+423) 235 66 33, Fax (+423) 235 76 38,<br />
corporate.communications@vpbank.com<br />
www.vpbank.com<br />
<strong>VP</strong> <strong>Bank</strong>/COM/sck 29.09.2005 2
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