Media release

VP Bank appoints Claus Jørgensen as CEO of VP Bank (Luxembourg) SA

21.09.2020

Reading time: 2 Min

Claus Jørgensen has been appointed Chief Executive Officer of VP Bank (Luxembourg) SA with immediate effect. In May, he assumed the position of interim successor to Thomas Steiger, who had resigned early at his own request.

Claus Jørgensen (56) is a Danish citizen with more than 25 years of experience in the financial sector and fund management business, 15 of which were spent in the financial centre of Luxembourg. His career has taken him to companies including Danske Bank Group, Copenhagen Stock Exchange and Nordea Bank. In 2018, he took over as Head of Client Business at VP Bank (Luxembourg) SA, where he was responsible for the divisions Private Banking, External Asset Managers, Fund Services and Investment Advisory & Portfolio Management. In this role, Claus Jørgensen made a significant contribution to successful further expansion of our banking subsidiary in Luxembourg in recent years.

Paul Arni, CEO of VP Bank Group and Chairman of the Board of Directors of VP Bank (Luxembourg) SA, says: “I am delighted that with Claus Jørgensen we have been able to recruit a successor from our own ranks who is very familiar with the culture, business processes and clients of VP Bank (Luxembourg) SA. As a valued management figure and respected financial professional with outstanding expertise and experience in private banking and fund management, he is the ideal person to fill the position.”

On behalf of Group Executive Management and the Board of Directors of VP Bank (Luxembourg) SA, VP Bank would like to extend its thanks to Thomas Steiger for his many years of dedicated service and his valuable contribution to the growth and development of VP Bank (Luxembourg) SA.