Founded in 1920, Banque de Luxembourg is one of the most important financial institutions in Luxembourg. With decisions made locally, it offers its independent wealth management expertise to clients based in Luxembourg and the rest of Europe.
Our governance complies with the European Union's provisions and European's legislative and regulatory framework.
The responsible approach we apply to banking is reflected in our relationships with our clients and employees, our shareholder and the community. As one of Luxembourg's leading banks, we adhere to the rules of conduct governing the private banking profession. We were the first Luxembourg bank to sign the ICMA Private Banking Wealth Management Charter of Quality, which reflects our adherence to the highest standards in terms of integrity, transparency and professionalism.We do not venture into products offering little transparency and focus on sustainable investments. We do not deal on our own account; our role is confined to investing our clients' assets with top quality issuers and intermediaries. Similarly, we have a prudent policy for granting credit that aims to preserve the long-term interests of our clients. Respect for their privacy is guaranteed by professional secrecy which is the bedrock of the relations that we form with our clients down through the generations.
BOARD OF DIRECTORS
The Board of Directors determines the Bank's strategy and general policy. It is tasked with supervising the interests of the various stakeholders (clients, employees, shareholders) over the long term. The Board of Directors is also responsible for oversight of management and risk monitoring.
Président Philippe Vidal, Directeur Général Adjoint du CIC, Paris
Administrateur-délégué Pierre Ahlborn, Luxembourg
Administrateurs Jacques Delvaux, Lawyer, Luxembourg
Carine Feipel, Lawyer, Luxembourg
Georges M. Lentz Jr., Administrateur-délégué, Brasserie Nationale, Luxembourg
Philippe Neyrand, Directeur, CM-CIC Grands Comptes, Paris
Pit Reckinger, Lawyer, Luxembourg
Charles Ruggieri, Président, Batipart Invest, Luxembourg
Benoît Elvinger, Secrétaire du Conseil d'Administration, Luxembourg
CORPORATE SOCIAL RESPONSIBILITY
We have always been committed to playing our part in society. We support our employees' social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and other countries in which we operate. We also provide ongoing support for charities, associations, foundations and NGOs in health, humanitarian and cultural sectors.
We promote the idea of philanthropy in a broad sense. Our engagement is exemplified in the conferences and symposia we organise.
"Seizing the opportunity for philanthropy in Luxembourg" (2008) helped initiate progress on philanthropy in Luxembourg in a number of practical, tax and regulatory areas.
"Responsible Leadership in times of change" (2009) attracted 200 European foundation leaders to meet and discuss questions of financial management, governance and the missions of foundations.
The hosting of the annual congress of the European Venture Philanthropy Association (2010) in Luxembourg, and the launch of European Impact Investing Luxembourg, two initiatives aimed at promoting impact investing in Luxembourg and the role of the financial markets in this area.
"Philanthropy works!" (2012) which was attended by 500 people keen to hear about ways of getting involved in general interest projects.This event coincided with the launch of the www.philanthropie.lu platform, an initiative of the Bank (which aims to help donors (and volunteers) find projects they would like to get involved in) and a major national awareness-raising campaign.
The 2015 “Philanthropy works” day was held in a marquee in the city centre on 17 October. As well as being a showcase for Luxembourg’s dynamic philanthropy sector, this “festival of philanthropy” aimed to inspire more individuals and corporations to get involved. A focus group convened by the Bank compiled a list of proposals on opportunities to develop philanthropy in Luxembourg, which was submitted to the government a few days before the event.
We also support the 1,2,3 go social contest which aims to promote social entrepreneurship projects in Luxembourg.
Banque de Luxembourg also wants to contribute to the development of philanthropy in Belgium, in cooperation with the King Baudouin Foundation and the Baillet Latour Chair in Philanthropy and Social Investment (a collaboration between the Baillet Latour Fund and HEC Liege). Accordingly, it is financing a report on what future generations can bring to philanthropy. The study is based on testimonials from young Belgians, supplemented by international perspectives, and aims to inspire more young people to get involved. It will be published in the autumn of 2017.
ACTIONS AND PARTNERS
We support the initiatives of a number of partners by providing them with financial resources and the skills of our teams.
In the social, healthcare and humanitarian field
- Luxembourg Red Cross
- Cancer Foundation
- Friendship Luxembourg
- In the cultural field
- Ecouter pour Mieux s'Entendre (EME)
- Luxembourg Center for Architecture (LUCA)
- Fondation A Stichting
- Fondation Boghossian
- Amis des Musées d’Art et d’Histoire Luxembourg
In the promotion of business development
- 1,2,3 go social – nyuko asbl
Promotion of business development: Banque de Luxembourg is a main partner of the ICHEC Families in Business chair in Brussels and sponsors research projects at the Witten Institute for Family Business in Germany.