Banque de Luxembourg, based in Boulevard Royal in Luxembourg City, is a private bank specializing in wealth management and services for high-net-worth individuals.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
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Banque de Luxembourg is a subsidiary of the French banking group Crédit Mutuel, operating through Crédit Industriel et Commercial.
What is Banque de Luxembourg?
Banque de Luxembourg History
Banque de Luxembourg, founded in 1920, is a leading private bank specializing in wealth management, primarily serving clients in Luxembourg and Belgium.
The bank’s origins trace back to the establishment of Banque d’Alsace et de Lorraine in Luxembourg in 1920, later evolving into Banque de Luxembourg.
Over the decades, key milestones include becoming a wealth management specialist in 1969, a name change in 1978, and full ownership by the Crédit Mutuel – CIC group in 2002.
Banque de Luxembourg expanded into Belgium in 2010 and marked its centenary in 2020.
In 2023, the bank reinforced its commitment to sustainability by joining the B Corp community, reflecting its focus on responsible banking practices.
Their services span five core business areas:
- Private Banking
Tailored wealth management services designed to help clients grow, protect, and pass on their wealth across generations, with a focus on long-term financial planning and personalized advice.
- Personal Banking
Comprehensive financial services for individuals, including current accounts, savings, loans, and everyday banking services to meet personal financial needs.
- Businesses & Entrepreneurs
Specialized banking services to support the financial and investment needs of businesses and entrepreneurs, from managing cash flow to financing and strategic planning.
- Liberal Professions
Dedicated banking services tailored to meet the unique financial requirements of professionals in fields such as law, medicine, and accounting, providing both personal and business-related support.
- Asset Servicing
Custody, fund administration, and related services to support asset managers, institutional clients, and family offices in managing and safeguarding their financial assets efficiently.
Financial Performance
As of 2023, the bank reported client deposits amounting to €117.48 billion, with cash holdings at €12.03 billion. Its portfolio includes €66.48 billion in liquid securities and €38.97 billion in illiquid securities.
The bank’s consolidated net income from banking operations stood at €393 million, while its net profit reached €75.7 million.
Banque de Luxembourg’s equity capital totaled €1.07 billion, and loans and advances to customers amounted to €3.61 billion.
Banque de Luxembourg Executive Committee
As per the official webiste:
- Pierre Ahlborn – Administrateur Délégué
Pierre Ahlborn leads Banque de Luxembourg as Administrateur Délégué, overseeing the bank’s overall strategy and operations with a focus on long-term growth and stability.
- Nicole Dochen – Talent and Diversity, Internal Communication & Change Management
Nicole Dochen manages human resources functions, focusing on talent development, diversity, internal communication, and leading change management initiatives within the bank.
- Benoît Elvinger – Dealing Room and Loans & Credits
Benoît Elvinger oversees the bank’s dealing room operations and loan services, ensuring efficient management of trading activities and credit portfolios.
- Sylvie Rémont – Compliance and Risk Management
Sylvie Rémont is responsible for ensuring regulatory compliance and managing risk across the bank’s operations to safeguard client interests and uphold standards.
- Florence Winfield-Pilotaz – Professional Clients
Florence Winfield-Pilotaz leads services for professional clients, providing tailored financial solutions to meet their unique needs and objectives.
- Luc Rodesch – Private Clients
Luc Rodesch manages the bank’s private client division, offering personalized wealth management services to high-net-worth individuals and families.
- Romain Weiler – Finance, Facility, IT, Operations and Transformation
Romain Weiler oversees the bank’s finance, IT, and operational divisions, while driving transformation initiatives to improve efficiency and service delivery.
- Fanny Nosetti – CEO of BLI (Banque de Luxembourg Investments)
Fanny Nosetti heads BLI, the bank’s asset management subsidiary, focusing on delivering high-performing investment strategies and sustainable portfolio management.
- David Schmidt – Managing Director, Banque de Luxembourg Belgium
David Schmidt leads the bank’s operations in Belgium, focusing on business development and client services across the region.
- Pierre Even – Secretary General
Pierre Even acts as Secretary General, managing corporate governance and overseeing administrative functions to support the bank’s strategic objectives.
Banque de Luxembourg Contact Information
Main Office:
14 Boulevard Royal
L-2449 Luxembourg
BLI – Banque de Luxembourg Investments
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