Paul Arni · CEO · March 2021
VP Bank - Seize opportunities
The story behind the equity
Our clients benefit from wealth management opportunities in a changing world
VP Bank builds on many years of experience and strength in rendering services to professional financial service providers. On the basis of this specialised knowledge and VP Bank's excellent network, we develop tailor-madefinancial solutions for intermediaries' and private clients' needs.
VP Bank becomes an international open wealth service pioneer
VP Bank - Your experienced wealth management service partner
Our footprint
Historical comparison of our financial targets 2026
• Leading wealth management service partner in Liechtenstein |
• Unique expertise and focus on intermediaries and private clients |
• Highly responsive to client needs with direct access to |
management |
• International presence - five locations in dynamic financial |
centres |
• Fund competence centres in Liechtenstein and Luxembourg |
Net new money (in % of AuM)
10.0% | |||
8.0% | |||
Target: | |||
6.0% | |||
Ø 4.2% | >4% p.a. | ||
4.0%
2.0%
0.0% -2.0% 2015 2016 2017 2018 2019 2020
-4.0%
Profit margin (in bp of AuM)
25
20 | |||||||
Ø 15.35 bp | Target: >15 bp | ||||||
15 | |||||||
10 | |||||||
5 | |||||||
0 | |||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
• Proven track record as a basis for further profitable growth | |
• Strong balance sheet and capitalisation (Tier 1 ratio >20%) | |
• Excellent rating (S&P Rating A) | |
• | Attractive and stable dividend |
• | Stable shareholder base ensuring continuity and independence |
Cost / income ratio1) | Tier 1 ratio | ||||||||||
88% | 30.0% | ||||||||||
84% | 27.0% | ||||||||||
80% | 24.0% | ||||||||||
Ø 79.0% | Ø 23.2% | ||||||||||
76% | one-time21.0% | ||||||||||
excl. | |||||||||||
valuation | |||||||||||
72% | Target: 70% | adjustment 18.0% | Target: >20% | ||||||||
68% | 15.0% | ||||||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2015 2016 2017 2018 2019 2020 |
1) total operating expenses / total operating income
3
Our heritage and experience provide a strong basis for adapting to and exploring emerging industry trends …
We evolve and scale our business … | … and seize new opportunities … | |
Wealthy individuals, a growing demographic | API-zation drives ecosystems and leads to greater | |
(+9% in 20191)), continue to seek a trusted | specialisation and disintegrated value chains | |
wealth management partner | (fintech investments +22% p.a. since 20144)) | |
Wealthy individuals require personalised advice, | … based on our | Data analytics and AI offer better |
supported by seamless digital customer journey | key expertise, network | understanding of customer needs |
(71% prefer multichannel interaction2)) | and strengths: | |
Increasing regulatory requirements | Capital | Digitisation will allow us to offer |
Efficiency | even more personalised client services | |
A sound balance sheet and solid capitalisation | Smart growth | Shifts into new asset classes makes |
are vital to maintain confidence and develop | Innovation | tokenisation bankable (USD 3.1 bn in |
qualitative, sustainable growth | blockchain investments5)) | |
Standard services being commoditised and | ESG purpose investing is top of the agenda | |
dominated by players with E2E digitised processes | ||
(ESG AuM growth 2018 to 2019 +440%6)) | ||
(EU private banks -23 basis points [bps] since 20073)) |
1) Source: Capgemini - Growth HNWIs with investable assets > USD 1 mn. 2) Source: McKinsey - 71% of private banking clients prefer multichannel interaction.
3) Source: McKinsey.
4) Source: KPMG. 5) Source: CB INSIGHTS - USD 3.1 bn of funding for companies in the blockchain space in 2019.
6) Source: KPMG.
4
… captured in the four main pillars of our Strategy 2026
1
Strong
foundation
4
Move
innovation
2
Evolve
business
3
Scale
potential
Strengthen robustness of our organisation and the skills of our people and form a unique entrepreneurial culture
Drive the strategic ambitions and profitable growth of our international locations and networks through empowered market focus and functional management
Enhance operational architecture to cope with future growth and develop a wealth management service provider platform
Expand business lines by generating new wealth management solutions using modular approach models and value-addingpartnerships
5
Attachments
- Original document
- Permalink
Disclaimer
VP Bank AG published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2021 12:27:04 UTC.