is it there to warm up the oil quicker by using the heat from the coolant before the thermostat opens, or to allow the coolant to cool the hot oil when the engine is working hard? or both?!

the 1.9 engines don't have one fitted, is this because a 2.1 generates more heat, and needs it cooling, or is it more important that the oil warms up quickly to running temp in the bigger engine?
obviously VW felt the need to fit it to the 2.1's and i've seen a similar part on a few other cars, just curious to know what it's job is.
thanks