Bank Frick plans new branch in Dubai
Bank Frick is expanding its international presence with plans to establish a branch in the finance and growth market of Dubai. This step will enable the Bank to pursue its strategy and strengthen its position as a product leader and blockchain pioneer.
Bank Frick is planning to open a branch in the Dubai International Financial Centre and has applied for a category 4 license from the responsible supervisory authority, the Dubai Financial Services Authority. The Bank’s aim is to be closer to existing clients in this region and expand its network of partner companies, whilst also opening up a new client base with its products and solutions. Bank Frick expects to receive the license in 2025.
Bank Frick strengthens its position as a product leader
“Our strategy to strengthen our position as a product leader is a major reason why we opted for this location,” says Edi Wögerer, CEO of Bank Frick. “Thanks to clear regulation, Dubai has successfully positioned itself as a blockchain and crypto hub in recent years, but is also becoming increasingly attractive for asset managers and family offices. At the same time, Dubai is a growth market and offers ideal conditions for entering the market. The market is characterised by major dynamism, an entrepreneurial spirit and a high level of innovation. This fits in with our entrepreneurial mindset, our fintech mentality and our growth strategy. It is therefore a logical and consistent step to be present in this market and exploit its competitive advantages,” Wögerer continues.
Attractive location as a gateway to the Middle East
The United Arab Emirates has diversified its economy in recent years. Rising GDP per capita and growing investment power make the market particularly attractive. The Dubai location also serves as a gateway to the Middle East market and offers the best framework conditions for Bank Frick’s growth strategy in this region. The Dubai branch will serve primarily as a strategic bridge with Bank Frick in Liechtenstein by creating client proximity coupled with the ability to market its own products.
Stefan Rauti takes over locally
Stefan Rauti, Head of Intermediary Solutions at Bank Frick, is on the ground in Dubai to build up its new branch. “I am pleased to continue expanding our network in this dynamic and fast-growing market, maintaining valuable relationships and generating new ideas locally,” says Stefan Rauti. He has around 30 years of industry experience, including 15 years at Bank Frick alone. Mr Rauti has already successfully set up the Bank’s London office and is now in charge of the Intermediary Solutions department at Bank Frick, which he will hand over in the medium term.
About Bank Frick
Bank Frick is a family-run bank based in Liechtenstein that specialises in tailored financial solutions for professional and institutional clients. Its fully integrated range of intermediary and blockchain banking services targets companies such as fintechs, asset managers, payment service providers, family offices, pension funds and trust companies.
Bank Frick has been pursuing an entrepreneurial approach since its foundation as a licensed universal bank in 1998. The bank is wholly owned by the Kuno Frick Family Foundation and employs about 300 staff members at Balzers and at its branch in London.
As a pioneer in regulated blockchain banking, Bank Frick offers solutions for the trading and custody of crypto assets and related services. Through its issuing activities, it enables product manufacturers to specifically integrate digital assets into structured investment products and investment funds.
Bank Frick also acts as a custodian and paying agent for national and European funds (AIFs, UCITS) and develops tailor-made financial products for the capital market. As a partner, it accompanies intermediaries through the entire issuing process and acts as a custodian.
Bank Frick is the only bank in Liechtenstein with acquisition licences from Visa and Mastercard, thus enabling the processing of card payments for payment service providers and their online commercial enterprises worldwide. In 2025, Bank Frick also received the internationally recognised ISO 27001 certification, demonstrating its strong commitment to the highest information security standards.
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