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Singapore was the first stop of the LFF mission to Asia, led by finance minister Luc Frieden. Ernst-Wilhelm Contzen (picture), chairman of the Luxembourg Bankers' Association, made a keynote speech. Addressing 250 attendees in a packed auditorium, he said that because we live in uncertain times, ultra high net worth individuals need stable financial centres like Luxembourg or Singapore. In an interview with LFF, Mr Contzen speaks about mutual interests and the challenges both centres are facing.
Luxembourg and Singapore are complementary jurisdictions that offer first class wealth management solutions. What can we offer to each other?
I think the most important thing we can offer each other is our respective roles as international gateways....
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