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Private banking has been at the heart of the financial sector in Luxembourg for almost five decades. With a relentlessly growing private wealth management industry crossing in 2020 the psychological threshold of EUR500 billion assets under management (AuM), it’s one of the most renowned European hubs in the world. During these years, Luxembourg private banking has, of course, gone through a large number of transformations, all headed towards enhancing the professionalization of the sector. This has, de facto, compelled the sector to raise the bar even higher in terms of product offerings, professional skills and competences, and customer experience.
In light of the significant development of the sector and the various transformations that have taken place, the...
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