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VP Bank (Luxembourg)'s new CEO, Claus Jørgensen, has 25 years' experience in the financial sector and funds management, 15 of which were served in Luxembourg. Handout photo. 

The Danish citizen took on the role in interim in May, after the resignation of his predecessor Thomas Steiger.

Prior to the appointment, Jørgensen served for two years as the bank’s head of client business, where he was in charge of the private banking, external asset managers, fund services and investment advisory & portfolio management divisions. He has over 25 years’ experience in the financial sector and fund management domain, 15 of which were in the grand duchy. 

Jørgensen, whose career history also includes roles at Danske Bank Grounp, Copenhagen Stock Exchange and Nordea Bank, was praised as being “a valued management figure and respected financial professional” by CEO of VP Bank Groul, Paul Arni, according to a company press release.