The grand opening ceremony for Bendura Bank AG’s Hong Kong Representative Office was held on 8th November 2018 at Four Seasons Hotel, Hong Kong. Being the subsidiary of Citychamp Watch & Jewellery Group Ltd, it announced the opening of its first office in Asia Pacific region, as part of the group's continuous global expansion leveraging the city’s distinct edge in international finance.
More than 200 guests including bankers, financial professionals and investment fund managers from all over the world attended the ceremony. The guests included congratulations to the 12th National Committee Member of the Chinese People's Political Consultative Conference, Chairman of the Board of Directors of the Group, Mr. Hon Kwok Lung, and The 10th NPC deputy, Mr. Lam Kwong Siu, Vice Chairman of BOC International Holdings Limited, Ms. Li Tong, Executive Director of BOC International Holdings Limited, and Nomura International (Hong Kong) Co., Ltd., CITIC Bank, Minsheng Bank, Hang Seng Bank, CCB International Representatives, etc.
Founded in 1998, Bendura Bank AG is a fully licensed bank headquartered in Liechtenstein. The company is a subsidiary (84.69 per cent) of Citychamp Watch & Jewellery Group Ltd, a Hong Kong-listed luxury goods group. Bendura Bank AG focuses on asset management and investment advice, transaction banking, and security issuance and investment funds business. Bendura Bank AG and its workforce of over 100 highly qualified and motivated employees managed assets of close to US$4 billion as of June 30, 2018. In terms of after-tax profit, the bank ranks fourth among a total of 15 banks in the financial centre of Liechtenstein.
(Mr. Hon, Chairman of the Board of Directors of the Group, and Dr. Andreas Insam, Chief Executive Officer of Bendura Bank AG)
The opening of its Hong Kong office is to facilitate business development by brining its bespoke financial services and wealth management expertise to Hong Kong and the surrounding region.
(From left to right: Bank CSO Mr. Peter, Group CEO Mr. Shang, Chairman of the Board of Directors, Mr. Han,Dr. Andreas Insam, CEO of Bank, Mr. Mr Philipp Forster, head of Bendura Bank AG HK Representative Office)
“We are delighted to announce the opening of our first Representative Office in this thriving city - Hong Kong. It is essential for us to be here as both Liechtenstein and Hong Kong enjoy the reputation as world-class financial centers. With the support of our highly qualified and motivated team, we are looking to expand our footprint and our client base across the region. Currently we have 3 representatives at the International Commerce Plaza. It is hoped to obtain 20 to 30 high-end clients per year ahead.” according to the Chief Executive Officer of Bendura Bank AG, Dr. Andreas Insam.
(Pictured: Overseas guests make a special trip from Switzerland to Hong Kong to congratulate Chairman Hon)
Mr. Philipp Forster, the Director and Head of Representative Office Hong Kong said, “We look forward to bringing our expertise in international banking, high-net-worth family advice and corporate structuring to our clients in Hong Kong and to being on-the-ground to support their growing needs. The opening of the Representative Office not only acts as a real-time gateway between Asia and Liechtenstein, it also enables a closer working relationship between the bank and the team at Citychamp, to create further synergies with the advantage of our joint network.”
(Pictured: Mr. Lin (second from right), Ms. Li (first from right) accompanied by Chairman Hon attended the event at the reception)
Ms. Li Tong, speaking on behalf of the guests, said: "Hong Kong is not only a vibrant city with sound financial, legal and regulatory system that enable it to stay competitive in the global marketplace. It also has a prestigious reputation for being an international city that attracts talent from around the world. I am looking forward to Hong Kong's ability gather more global top banks and extend their professional expertise to more clients. Thus, injecting new energy to Hong Kong’s banking sector for maintaining its leading financial position.”
(Chairman Hon and Wife joined hands to congratulate Bendura Bank AG on its business achievement)
Citychamp Watch & Jewellery Group Ltd holds 84.69% of the controlling interest of Bendur Bank AG and the remaining 15.11% is held by employees of Liechtenstein Bendura Bank AG.
Dr. Andreas Insam concluded he will strive to expand the Asia Pacific market and Citychamp Watch & Jewellery Group Ltd aim to set up a bank in the Fujian Free Trade Zone within the coming 5 to 10 years.