On Wednesday, 14 May, the Executive Board of the Private Banking Group Luxembourg unanimously elected Luc Rodesch, Banque de Luxembourg, as new head of the ABBL's business line cluster. Luc Rodesch, who has already filled this position for two consecutive terms of two years, replaces Yves Maas, Credit Suisse, who was elected new Chairman of the ABBL on 25 April 2014. The PBGL Executive Board believes that in these challenging times for the private banking industry in Luxembourg, Luc Rodesch is the right man at the helm.