People Moves
Liechtenstein's VP Bank Names New Risk Chief

The appointment follows a number of C-suite departures from the European private banking house in recent weeks.
VP Bank has
appointed Patrick Bont as its group chief risk officer, taking
over a vacancy created by a number
of C-suite changes made a few weeks ago following a large
adjustment to a single loan position.
Bont has has been head of the banking division at the Financial
Market Authority Liechtenstein.
The Liechtenstein-based bank said Bont is “a recognised financial
market expert with broad experience in risk management, legal and
compliance, digitisation and financial market regulation”.
In June VP Bank said that Siegbert Näscher had chosen to leave as
chief financial officer, while Roger Barmettler, head of group
finance at VP Bank, took over the interim management of the
business unit. The bank reorganised its business, with general
counsel and chief risk officer Monika Vicandi, by mutual
agreement, leaving the bank. Dr Rolf Steiner, head of the CEO
Office, became the interim chief risk officer, a role which
included credit risk management. The lender acted after a SFr20
million ($20.9 million) loan adjustment had been flagged back in
March this year.
Bont has held various management positions at the FMA since 2009.
From 2015 he was a member of the executive board and head of the
banking division. In this function, he was responsible for the
supervision of banks, investment firms, e-money and payment
institutions in Liechtenstein. From 2001 to 2009 he held various
management positions at UBS in Zurich and Hong Kong, most
recently as head of business management for legal and compliance
in the corporate centre. He holds a master's degree in law from
the University of St Gallen and an executive master of law (LL.M)
from the University of Liechtenstein as well as an executive
master in digital transformation from the University of Applied
Sciences in Chur. Bont is also a lecturer at the University of
Liechtenstein.
Paul Arni, CEO of VP Bank, said: "Patrick Bont is a particularly
experienced management personality with outstanding knowledge in
the areas of risk management, compliance and corporate
governance. He is very familiar with the Liechtenstein financial
centre, and his extensive experience will be of great value in
the further development of VP Bank as well as in the
implementation of our 2025 growth strategy."