Board of Directors

Dr. Peter KRENN


Peter KRENN, Dr. rer. soc. oec., University of Vienna. Study abroad at Sorbonne University. Working for BENDURA BANK AG since 2011. Initially in the area institutional clients, since 2017 member of the Board of Management. Responsible for the strategic management of the bank and responsible for the individual clients, security services, human resources and private banking traineeship areas. Previously at Raiffeisen Bank International AG in institutional client support, company analysis, project finance and credit risk management. Peter Krenn also worked for PricewaterhouseCoopers (Valuation & Strategy) and the Austrian Economic Chamber.

Prof. Dr. Michael HANKE

  • Member

Dr. rer.soc.oec. and venia legendi (Vienna University of Economics and Business Administration). Since 2010 Chair in Finance at the Institute of Financial Services in Liechtenstein. Prior to that Prof. Dr. Hanke was working at the Vienna University of Economics and Business Administration, University of New South Wales (Sydney) and at the University of Innsbruck.

Teaching, Research and Advisory Activities in the range of risk management, quantitative finance, esp. asset allocation, portfolio management, derivatives pricing and financial engineering, empirical research in financial markets.

Alexander YUDOVICH

  • Member

Mr. Yudovich is a Russian lawyer and certified tax adviser. Since June 2017, he is a Head of Russian & CIS Desk at the law firm RECHTSANWÄLTE LENNERT PARTNERS AG in Vaduz. He graduated in law from Saint-Petersburg University of the Ministry of Interior of Russia in 1999 and postgraduate studies in International Business Law at Martin Luther University Halle-Wittenberg, Germany in 2004.


Mr. Alexander Yudovich’s field of activity includes advising private individuals and international companies on all aspects of Russian and international tax law. Through his several years of consulting experience with international law firms in Germany and Russia, he is particularly appreciated by his clients for his cross-border competence in Russia and the CIS issues. As Head of Tax of a large German law firm in Moscow, he has supported several international business projects from a tax perspective

Marcel WYSS, MSc, LL.M.


Marcel WYSS, MSc and LL.M. of the university of Liechtenstein and certified business economist (FH). Since May 2016 head of risk management, as of August 2017 appointed as a member of the Board of Management in the role of Chief Risk Officer (CRO). Responsible for Risk Management, Compliance, Legal, Loans and Tax. Prior to this, Mr. WYSS worked as a banking supervisor for the financial market authority of Liechtenstein, as of 2011 he was appointed as deputy head of the banking supervision department. After finishing his first studies, Marcel WYSS worked as a bank auditor for PricewaterhouseCoopers, previously he was an employee at various Swiss banks, mainly in the front office.

Executive Board

Franz GLATZL, MMMag.

  • CEO
+423 388

Completed three degrees (mag.rer.soc.oec) at Leopold Franzens University in Innsbruck, with one year at Marquette University in Milwaukee, Wisconsin (USA). Awarded many academic honours. Research into experimental economics. Responsible for setting up and expanding BENDURA FUND MANAGEMENT ALPHA AG (formerly Valartis Fund Management (Liechtenstein) AG). As CEO entrusted with heading up fund design, internal process optimization and client relationship activities. Significant responsibility for the departments fund administration, IT and compliance. Franz Glatzl’s other positions include managing partner at VFM Mutual Fund AG & Co. KG and CEO of VFM Mutual Fund AG. He has many years of experience working on international projects with institutional investors and high net worth individuals.

Dr. Walfried KRAHER

  • MOB
+423 388

Dr.iur and Mag.rer.soc.oec. of the Leopold Franzens University of Innsbruck and Chartered Financial Analyst of the CFA Institute. After his studies Walfried Kraher had several managing positions with focus on finance, risk control, business development and project management and has a more than 10 years professional experience in the international banking industry. At BENDURA FUND MANAGEMENT ALPHA AG (formerly Valartis Fund Management (Liechtenstein) AG) Dr. Kraher is entrusted with heading up accounting, controlling, risk control and fund administration as well as staffing. Additionally he is a member of the Executive Board of VFM Mutual Fund AG.

Fund Services

Internal Audit

The internal audit was delegated to Grant Thornton AG  as part of a Service Level Agreement. The functions are carried out by their representatives.

Grant Thornton AG

  • Internal Audit

Bahnhofstrasse 15

FL-9494 Schaan, Liechtenstein