BENDURA BANK AG: Change in the Executive Board

After 16 years of loyal service, including 6 years as a member of the Executive Board and 3 years as acting CEO, Dr Markus Federspiel will be leaving BENDURA BANK as of 30 June 2025. He is accompanied by thanks and appreciation for his contribution to the development and growth of the bank. The separation is due to differences of opinion regarding the strategic prioritization of the bank, particularly in Asia.

At its meeting on Wednesday, the Board of Directors appointed Mr Philipp Forster as Markus Federspiel’s successor and new CEO of BENDURA BANK, subject to approval by the FMA. Philipp Forster has been with BENDURA BANK for 10 years in various positions in domestic and international business and has been a member of the Executive Board since 2022. He not only has in-depth knowledge in banking and finance, but also many years of experience in the Asian market, which he was responsible for developing.

The change in management will enable BENDURA BANK to intensify its expansion in Europe and Asia. The Board of Directors of BENDURA BANK is confident that Philipp Forster’s skills and professionalism, together with the experienced management and the whole BENDURA team, will make a further contribution to the bank’s sustainable growth in its core markets.

BENDURA BANK offers its clients customised financial services such as asset management, investment advice and the issuance of securities. BENDURA BANK is committed to traditional Liechtenstein banking and financial services and serves its clients worldwide with a team of highly qualified and motivated professionals.

Since 2017, BENDURA BANK has been and remains a stable and long-term investment of its majority shareholder, Citychamp Watch & Jewellery Group Ltd, an international investment group listed on the Hong Kong Stock Exchange.