Transforming Complexity
into Tailor-Made Solutions
Because our service providers also hold interests in the bank, our customers are not just speaking with account executives, they are working with the owners of the bank. This means that we provide financial services for entrepreneurs, by entrepreneurs.
Dr. Markus FEDERSPIEL, CEO
About Us
BENDURA BANK AG, founded in 1998, is a fully licensed bank headquartered in Gamprin-Bendern in the Principality of Liechtenstein. As a financial services enterprise, we offer affluent entrepreneurial families and wealthy private customers custom-made financial services, including asset management, investment advisory services and the issuance of securities, along with the initiation and administration of investment funds. Our independence, professionalism and outstanding language skills are the foundation of our success.
With its highly qualified and motivated employees and assets under management of around 3.5 billion Swiss francs, BENDURA BANK AG ranks among the largest banks in the financial centre of Liechtenstein.
An overview of our current facts and figures is available here.
Our Philosophy
Our customers choose us because of the risks we avoid, not because of the risks we take.
With regard to our business policy, BENDURA BANK AG has long nurtured a conservative business profile and thus has consistently delivered solid performance figures. Our customers are at the heart of our thoughts and actions at all times. Personal advice, discretion and professionalism are more than just slogans for us. We have built a team of long-time, experienced customer advisors, who draw on a broad team of internal specialists in order to develop individual, tailored solutions. The interests of our international, institutional and high-net-worth private customers are always our highest concern.
Regardless of where our customers are from, we want them to feel at home with us. For that reason we also work with our customers through financial intermediaries in their region. These partners include trustees, family offices, asset administrators, lawyers, tax advisors and chartered accountants. Our independence vis-à-vis third parties allows us to base our actions solely on the interests of our customers. In addition, our multicultural approach – that is, the languages of all of our core markets are handled by native speakers in our customer advisory services – separates us from the pack and is highly valued. The Bendura philosophy also means that our entrepreneurially oriented customers work with like-minded, entrepreneurial partners at the bank. By giving our employees, the opportunity to become shareholders of the bank, they are able to participate in the earnings of the bank and thus themselves act as entrepreneurs.
In our actions, we are also guided by principles such as respect for care and privacy or reliability through responsible behavior. All our principles are set out in our Code of Conduct.
Download Centre
2023 Disclosure Report – BENDURA BANK AG
DownloadCorporate Presentation
DownloadANNUAL REPORT 2023
DownloadFee Schedule
DownloadInformation on cost transparency within the MiFID II framework
DownloadGuideline on the due diligence obligations of Banks in dealing with foreign correspondent banks
DownloadInformation sheet LBV
DownloadOwnership Structure
BENDURA BANK AG is a subsidiary (89.19%) of Citychamp Watch & Jewellery Group Ltd., a luxury goods company traded on the Hong Kong stock exchange. 1.19 % of the capital rights are owned by the Board of Directors, the management, employees and third parties. As of 31 December 2023, BENDURA BANK AG, Liechtenstein, held its own registered shares with a nominal value of CHF 1,924,600, equating to 9.62 % of the capital rights.
Board of Directors
Kwok Lung HON
Chairman
Univ.-Prof. Dr. Martin WENZ
Vice-Chairman
Dr. Chi Wah FONG
Member
Teguh HALIM
Member
Lai LAM
Member
Marco LECHTHALER
Member
Urs PORTMANN
Member
Board of Management
Dr. Markus FEDERSPIEL, Mag.
CEO
Sprachen: German, English, Italian
Mag. rer.soc.oec. and Dr. phil. from the University of Innsbruck with studies abroad in Great Britain and Russia. Since successfully completing his doctorate in economic policy in 2008, he has been working for BENDURA BANK AG. Initially as Head Private Banking Italy and from 2013 as Head Institutional Clients. Appointed to the Executive Board in 2019 and appointed Chief Customer Officer (CCO). In October 2022, Markus Federspiel was appointed Chief Executive Officer (CEO). In this role, he is responsible for overall bank management as well as the Market and Sales divisions. At the same time, Markus Federspiel heads the leading front teams as well as the Human Resources, Marketing and Office Management departments. Markus Federspiel has been a guest lecturer at the Leopold Franzens University in Innsbruck (Austria) for many years and is also a member of the expert commission at the University of Liechtenstein. In addition, he represents BENDURA BANK AG in numerous international networks such as BAFIT, ITC and IPG International.
Stefan MÄDER
CFO
Sprachen: German, English
Stefan MÄDER joined BENDURA BANK AG as Head of Accounting & Controlling in 2009. In 2017, he was appointed Chief Financial Officer (CFO). In this role, he is responsible for accounting, controlling, Loans and reporting as well as other back office departments. Prior to this, Mr. MÄDER worked as an auditor in the financial sector for one of the big four auditing and consultancy companies. He started his professional career at two Swiss cantonal banks. Stefan MÄDER is a certified auditor and qualified business economist (FH).
Thomas LUDESCHER, MSc, CFA
CSO
Sprachen: German, English
After his studies at the University of Liechtenstein (M.Sc.) and a semester abroad in Finland, he worked for several years in private banking in Austria. He has been working for BENDURA BANK AG since May 2014. Initially in Asset Management and from 2015 as Head of Trading & Treasury. At the beginning of 2022, Mr Ludescher was promoted to Division Head, followed by his appointment as a member of the Board of Management in October 2022. As Chief Strategy Officer (CSO), he is responsible for Trading & Treasury, Wealth Management, leading front teams and strategic issues. He is also a Chartered Financial Analyst (CFA) Chartholder and has completed the Certified Financial Planner (CFP) training.
Philipp FORSTER, MSc, CFA
CCO
Sprachen: German, English
Since 2015 working for BENDURA BANK AG. Initially in Trading & Treasury and from 2016 as Head of Payment Transactions. From 2018 he built up and managed the Hong Kong Representative Office until he was appointed Member of the Executive Board in October 2022. Prior to that, Mr. Forster worked in private banking in Austria for several years. As Chief Customer Officer (CCO) of BENDURA BANK AG, he is responsible for leading and developing a significant part of the customer service offering. Philipp Forster holds a Master of Science (M.Sc.) in Economics from the FernUniversität in Hagen, Germany. He is also a Chartered Financial Analyst (CFA) Charterholder and Project Management Professional (PMP) Credential Holder.
DR. MATTHIAS WAGNER, M.A.
CRO
Sprachen: German, English
In the position as Chief Risk Officer (CRO) at BENDURA BANK AG since 2024. His responsibilities encompasses the divisions Compliance, Legal, Risk and Client Data. He previously worked at a renowned and internationally operating privat bank in Liechtenstein, at Liechtenstein Financial Market Authority (FMA) and in one of the largest law firms in Liechtenstein. During his time at the FMA, he represented Liechtenstein in various EU committees such as the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and committees of the European Commission (EC). He successfully completed the studies in law (Mag. iur.) and business law (Mag. iur. rer. oec.) as well as his PhD in law (Dr. iur.) at the Universities of Innsbruck (AT), Freiburg (DE) and New Orleans (US ). He also studied organizational development and leadership (M.A.) at TU Kaiserslautern (DE). Furthermore he is a guest lecturer at the Vienna University of Economics and Business (AT) and at the University of Liechtenstein(LI). In addition, he represents BENDURA BANK AG in various committees of the Liechtenstein Banking Association (LBV).
Where to find us
BENDURA BANK AG has its headquarters in Gamprin-Bendern in the Principality of Liechtenstein. Since 2018 it has also operated a representative office in Hong Kong followed by the BENDURA WEALTH MANAGEMENT (Hong Kong) Ltd. in 2023. Furthermore, the BENDURA Service GmbH, based in Vienna, has also been added to the portfolio in 2023.
Liechtenstein
BENDURA BANK AG has over 150 highly qualified and motivated employees in Gamprin-Bendern in the Principality of Liechtenstein. Liechtenstein is a financial centre that offers numerous advantages for our customers.
The Principality of Liechtenstein is a small state in Europe which exhibits unique qualities as a location for business based on its geographic location, its domestic and foreign politics and its legal and economic framework. The combination of its close relationship to Switzerland and its membership in the European Economic Area (EEA) offers a broad and interesting landscape for financial services providers, industry, trade and investors.
ADVANTAGES OF BUSINESS IN LIECHTENSTEIN
-
- Stable social, legal and economic system
-
- High degree of political continuity and stability
-
- Liberal economic policy
-
- Liberal corporate law
-
- Moderate corporate taxation, flat tax of 12.5%
-
- Solid financial policy in government budgeting
-
- Strong Swiss franc as official currency
-
- Flexibility, short routes to decision-making
-
- Large capital strength of the government
-
- Banking law with strong protection of privacy
-
- AAA country rating by Moody’s and Standard & Poor’s
-
- Niche products which are compatible with Europe
Hong Kong
BENDURA BANK AG Representative Office
We opened our Hong Kong Representative Office in the second half of 2018. Our offices are on the 19th floor of the International Commerce Centre (ICC) in West Kowloon. The location is perfectly embedded in the local infrastructure so that clients can visit us quickly and easily. In addition, there is a direct connection to the Hong Kong Airport Express, which brings international business partners from the world’s busiest airports to our offices in only 20 minutes. Furthermore, our direct access to high-speed rail via the Hong Kong station offers maximum comfort for travel from mainland China.
Our Hong Kong office currently employs a staff of three, whose activities are aligned and governed under the LRO license issued in August 2018 by the Hong Kong Monetary Authority (HKMA). Through general marketing and the nurturing of a local network, the office is successfully contributing to the development of new business relationships. Furthermore, the multilingual staff helps to connect potential clients with our headquarter in Liechtenstein where the client relationships are managed from by our staff speaking the client’s mother tongue. The Hong Kong Representative Office is not involved in banking activities or the advising process.
History has shown that geographic diversification represents one of the key factors for the preservation of family wealth across generations. Our Hong Kong office offers Asian families direct access to our bank in Liechtenstein, where our clients’ assets are booked and administered in one of the safest, most stable jurisdictions in the world (AAA rating). Having a marketing platform in Hong Kong offers significant advantages in understanding the market’s needs as well as bridging the time difference.
Our Hong Kong Representative Office also contributes in crucial ways to the continued development of expertise in the Asian market that we have gained over many years. Information on trends and developments is passed firsthand to our specialists in Liechtenstein, which allows customer expectations to be promptly identified, thus helping us to proactively customize the bank’s service offerings. Accordingly, we both support our Asian clients in getting established in Liechtenstein and simultaneously offer added value for our partners from other markets as they seek to expand their business or investment activities in Asia.
BENDURA BANK AG
Representative Office Hong Kong
Unit 1905, Level 19
International Commerce Centre
1 Austin Road West, Kowloon
Hong Kong
Phone: +852 2275 3771
BENDURA WEALTH MANAGEMENT (Hong Kong) Ltd.
Hong Kong is Asia’s undisputed hub for HNWIs and UHNWIs when it comes to private banking and wealth management. The city has a long tradition as one of the world’s leading financial centers and enjoys an excellent reputation. For these reasons, wealthy families in Asia manage both their international business structures and assets in Hong Kong.
In order to further expand its local service offering, BENDURA BANK AG acquired 100% of the shares in Hong Kong-based Challenge Capital Management Limited on November 23, 2023. The company has since been renamed to BENDURA WEALTH MANAGEMENT (HONG KONG) LIMITED and holds the licenses of the Securities and Futures licenses under the Securities and Futures Ordinance (SFO) to carry out the following regulated activities: Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management). With this platform, we have the unique opportunity to offer our clients in Asia securities trading, advisory and asset management services with a local point of contact.
BENDURA Wealth Management (Hong Kong) Limited
Unit 1905B, Level 19, International Commerce Centre, 1 Austin Road West, Kowloon
Phone: +852 2868 4878
Vienna
BENDURA Service GmbH, based in Vienna, has also been added to the portfolio of the internationally oriented private bank and supports the company in numerous administrative and operational areas.
Opening Hours
Mondays to Thursdays 08:00 – 18:00 (non-stop) Fridays 08:00 – 17:00 (non-stop)
We will also gladly assist you outside normal opening hours by phone.
Holidays & banking holidays* 2024
On the following holidays and bank holidays* our bank is closed:
01.01.2024 | St Berchtold’s Day* |
02.01.2024 | St Berchtold’s Day* |
06.01.2024 | Hl. Three Kings |
02.02.2024 | Catholic Festival of Candlemas |
13.02.2024 | Fat Tuesday* |
19.03.2024 | St. Joseph’s Day |
29.04.2024 | Good Friday* |
01.04.2024 | Easter Monday |
01.05.2024 | Workday |
09.05.2024 | Driveway |
20.05.2024 | Whit Monday |
30.05.2024 | Corpus Christi |
15.08.2024 | Liechtenstein National Holiday |
08.09.2024 | Nativity of Mary |
01.11.2024 | All Saints’ Day |
08.12.2024 | Immaculate Conception |
24.12.2024 | Christmas Eve* |
25.12.2024 | Christmas Day |
26.12.2024 | Boxing Day |
31.12.2024 | New Year’s Eve* |
Bank Details
BENDURA BANK AG
SIC Code 08803-7
SWIFT Code HYIBLI22XXX
VAT No. 53242
Reg.-No. FL- 0001.534.001-6