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Liechtenstein's VP Bank opens asset management co in Hong Kong
Real estate news By Thomson Financial
09.20.07, 3:55 AM ET
VADUZ, Liechtenstein (Thomson Financial) - Verwaltungs- und Privat-Bank AG (VP Bank) said it opened an asset management company in Hong Kong as part of a move to expand its market in the Middle East and Asia.
The Liechtenstein-headquartered bank will also open a bank in Singapore by year end, it said. Its Hong Kong subsidiary is called VP Wealth Management (Hong Kong) Limited and will supplement the bank's existing representative office in Hong Kong.
The operations there will be headed by executive director Clare Lam, who has been deputy chief representative for VP Bank in Hong Kong since 2006.
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