Group structure —

Operational Group structure

The VP Bank Board of Directors consists of eight members and is responsible for VP Bank Group's medium- to long-term strategic thrust. It is also in charge of the overall management, supervision and control of the company. Liechtenstein law makes a clear distinction between this overall management, supervision and control by the Board of Directors and the operational management of company. Accordingly, the VP Bank Board of Directors consists solely of non-executive members, i.e. directors who are not actively involved in operational management.

The executive board of the parent company goes by the name of Group Executive Management (GEM). It is responsible for managing the parent company's operations and at the same time for leading VP Bank Group as a whole. GEM members also sit on the boards of directors of the Group's subsidiaries. As a general rule, the Chief Executive Officer or another member of the GEM will serve as the chairman of the board of directors of the subsidiary.