VP Bank CEO Alfred Moeckli has decided to step down from his role later this month after holding the position for almost six years.
The decision forms part of an early age-related succession planning, the Liechtenstein-based private bank said.
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Moeckli now plans to pursue “new assignments”.
According to the bank, Moeckli played a key role in driving the bank to its growth trajectory after the financial crunch.
The bank has already initiated the process to search a permanent replacement. It will assess internal as well as external candidates in this process.
Meanwhile, COO Urs Monstein has been appointed as the interim head. The appointment is effective immediately.
Monstein joined as the private bank’s COO in May last year.
VP Bank chairman of the board of directors Fredy Vogt said: “Alfred W. Moeckli has contributed significantly to a successful positioning of VP Bank in the changed environment of the financial services industry and has increased profitability.
“Additionally, in his time as CEO, the market capitalisation of our bank has approximately doubled.”
