VP Bank, an internationally active private bank that offers tailor-made asset management solutions, completed the acquisition of Luxembourg private banking activities of Öhman Bank, a privately-owned banking group. Financial terms were not disclosed. "We extend a warm welcome to the acquired clients and employees in VP Bank Group. The acquisition was ultimately made possible by the excellent and committed cooperation between the teams of both contractual partners, for which I would like to express my sincere thanks," Claus Jørgensen, VP Bank CEO.