Private Banking Liechtenstein

BENDURA BANK AG: Our History, Our Values

Who We Are

Independence. Expertise. Reliability.

Founded in 1998, BENDURA BANK AG is a fully licensed boutique private bank located in Gamprin-Bendern, in the Principality of Liechtenstein. Here, we combine the stability of a leading financial centre with international expertise, delivering bespoke solutions that stand the test of time across borders.

Independent by design, we offer unbiased advice free from proprietary products, ensuring that every recommendation serves your best interests. Our philosophy is built on discretion, reliability, and a deep understanding of each client’s personal and financial goals.

Our Guiding Principles

Values That Define Us

At BENDURA BANK, our values are more than principles; they are the promise that guides every relationship.

  • Client First

    Your priorities shape everything we do. We listen before we lead, offering personal guidance in your language and culture.

  • Excellence

    Precision, quality, and agility define our standard. Our experienced teams and lean structure enable swift, decisive action.

  • Trust

    The foundation of every relationship. We earn it through integrity, transparency, and by keeping our promises – every time.

Our Home Base

The Liechtenstein Advantage

Liechtenstein stands for stability, reliability, and opportunity. Its dual access to the Swiss and European markets, combined with one of Europe’s most robust regulatory systems, offers our clients unique security and flexibility.

Supervised by the Financial Market Authority Liechtenstein (FMA), we operate under one of Europe’s strictest frameworks. From this solid foundation, we create solutions that balance performance with prudence, always tailored to your individual needs.

The BENDURA Promise

A Commitment Beyond Banking

We promise to protect and grow your wealth with uncompromising excellence, independent advice, and a deep understanding of who you are.

As a boutique private bank, we embrace complexity, speak your language, and craft solutions that reflect your goals, personally and precisely.

Our Perspective

From Liechtenstein to the World

Our reach extends far beyond our headquarters. With representative offices in Vienna and Hong Kong, and a multilingual team fluent in more than twenty-five languages, we serve clients where they live and invest. Cultural understanding lies at the heart of our advisory approach, which is personal, precise, and truly international.

Our Aspiration

We See Beyond Wealth

We are committed to a long-term vision shaped by responsibility and excellence. For us, private banking is more than managing assets; it is about nurturing legacies.

We thrive on complexity and precision, designing bespoke solutions that reflect your ambitions and values. We find tailored paths even where others see limits, because making it possible is what we do.

Our Journey

A History of Strength and Growth

Milestones:

1998

Founded as Hypo Investment Bank (Liechtenstein) AG, a subsidiary of Hypo Vorarlberg Bank AG.

2009

Renamed Valartis Bank (Liechtenstein) AG following acquisition by the Valartis Group.

2017

Became BENDURA BANK AG after acquisition by Citychamp Watch & Jewellery Group Ltd.

Leadership

Our Management Board

Byline: Experienced professionals who combine precision, independence, and integrity, and who are dedicated to personally and responsibly managing your assets.

Philipp Forster, MSc, CFA – CEO

Philipp Forster has been with BENDURA BANK AG since 2015. He initially worked in Trading and Treasury and, from 2016, served as Head of Payment Transactions. From 2018, he established and led the Bank’s Hong Kong representative office until his appointment as a member of the Executive Board in October 2022. Prior to joining BENDURA BANK AG, he worked for several years in private banking in Austria. Philipp Forster holds a Master of Science degree in Economics from FernUniversität in Hagen, Germany. He is also a Chartered Financial Analyst (CFA) Charterholder and a Project Management Professional (PMP) credential holder.

Stefan Mäder – CFO

Mr. Mäder joined BENDURA BANK AG in 2009 as Head of Accounting and Controlling. In 2017, he was appointed Chief Financial Officer (CFO). In this role, he is responsible not only for Accounting, Controlling, and Reporting, but also for additional back-office functions. Prior to joining the Bank, he worked as an auditor in the financial services sector at a Big Four audit and advisory firm. He began his professional career at two Swiss cantonal banks. Stefan Mäder is a certified public accountant and holds a degree in Business Administration (FH).

Dr. Matthias Wagner, M.A. – CRO

Since 2024, Dr. Wagner has served as Chief Risk Officer of BENDURA BANK AG, with responsibility for Compliance, Legal, Risk Management, and Client Data Management. Prior to this, he held senior positions at LGT Group AG, the Financial Market Authority Liechtenstein, and the law firm Marxer & Partner. He holds a Doctorate in Law, a Master’s degree in Business Law, and a Master’s degree in Organisational Development. In addition, he serves as CEO of BENDURA Service GmbH, lectures at universities, and represents the Bank in specialist committees of the banking association.

Thomas Ludescher, MSc, CFA – CSO

Thomas Ludescher has been with BENDURA BANK AG since 2014. After completing his Master of Science degree at the University of Liechtenstein and gaining experience in private banking in Austria, he assumed responsibility for the Trading and Treasury department in 2015. Since 2022, he has served as Chief Strategy Officer and a member of the Executive Board, with responsibility for Wealth Management, Trading and Treasury, leading front teams, and strategic initiatives. He is a CFA Charterholder and a Certified Financial Planner. With his expertise, he drives innovation and develops solutions for international clients.

Our Locations

Liechtenstein. Vienna. Hong Kong.

Three locations, one philosophy, Boutique Banking. Tailored to You.

BENDURA BANK AG – Headquarters

Liechtenstein

Kontakt

BENDURA Service GmbH

Vienna

BENDURA WEALTH MANAGEMENT (Hong Kong) Ltd.

Hong Kong

Trust begins with a conversation.

Shape your wealth strategy with us.

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