Change Into Archiving Mode
31.08.2023
At the Extraordinary General Meeting on 12 March 2021, the shareholder of Mason Privatbank Liechtenstein AG in Liquidation decided to voluntarily liquidate the bank. PricewaterhouseCoopers GmbH and Walpart Trust Registered were appointed co-liquidators for the liquidation of Mason Privatbank Liechtenstein AG i.L.. As per 30 June 2022 Walpart Trust Registered was replaced by Dr. Hannes Mähr as co-liquidator.
The appointed co-liquidators of Mason Privatbank Liechtenstein AG in Liquidation (MPL) PricewaterhouseCoopers GmbH and Dr. Hannes Mähr herewith inform that the offboarding of all clients’ assets has been successfully concluded, that the banking systems and the further bank and client data have been archived and that MPL does not employ personnel anymore.
Requests for information, distribution of statements or other documents from the banking systems as well as other enquiries are to be directed in writing to
Mason Privatbank Liechtenstein AG i.L.
Austrasse 51
9490 Vaduz
Fürstentum Liechtenstein
or via email to info@mason-privatbank.li.
Prior to the processing of any requests, the liquidators will perform identity and authorization checks for which purpose they may require further proof of authorization from the requestor.
Please note that the extraction and re-distribution of documents from MPL’s archives will be performed only following receipt of advance payment based on the latest MPL list of charges.
Voluntary Liquidation
15.03.2021
Mason Privatbank Liechtenstein AG i.L. (formerly Raiffeisen Privatbank Liechtenstein AG) has been successfully serving its private and institutional clients in the Principality of Liechtenstein for more than 20 years and was acquired by the established Mason Group from Hong Kong in 2018.
At the Extraordinary General Meeting on 12 March 2021, the shareholder of Mason Privatbank Liechtenstein AG i.L. decided to voluntarily liquidate the bank.
As Mason Privatbank Liechtenstein AG i.L. made significant operational losses in 2019 and 2020 given, inter alia, globalization and digitization challenges, where there are no reasonable means or prospect of making any material improvement on its own financial performance or operations in the foreseeable future, the Shareholder is of the view that it is unlikely for the bank to make a turnaround and to generate sufficient revenue to cover its own operating expenses.
Given the challenging macroeconomic environment facing Mason Privatbank Liechtenstein AG i.L., the investment in Mason Privatbank Liechtenstein AG i.L. was no longer beneficial to the Mason Group. Mason Group believed that voluntary liquidation was in the best interests of the Group itself and the shareholders.
With the voluntary liquidation, Mason Privatbank Liechtenstein AG i.L. renounced its banking licence on 15th March 2021 and notified this renunciation in writing to the Financial Market Authority (FMA) Liechtenstein. PricewaterhouseCoopers GmbH and Walpart Trust Registered are appointed as liquidators for the liquidation of Mason Privatbank Liechtenstein AG i.L.. The FMA will take the measures necessary for the execution of the liquidation and the winding up of current business and issue the necessary instructions to the liquidators. The FMA also supervises the liquidators and the liquidation.
The bank’s liquidity and capital levels are above regulatory requirements with a core capital ratio of 46% [1] and a liquidity coverage ratio of 413% [2]. The operational activities of the bank will be upheld solely for the purpose to orderly wind down the bank.
[1] per 31.12.2020, unaudited
[2] per 31.12.2020, unaudited
Contact
Mason Privatbank Liechtenstein AG i.L.
Austrasse 51
9490 Vaduz
Principality of Liechtenstein
E-mail: info@mason-privatbank.li
liquidator.pwc@mason-privatbank.li