Luxembourg’s financial sector is at a crossroads, facing rising costs, regulatory complexity, and a rapid digital transformation.
These three videos explore the future of private banking, the challenges in wealth management, and the key factors that will define Luxembourg’s success in the next decade, with insights from industry leaders and experts.
What will define the success of Luxembourg in the next ten years?
How can Luxembourg maintain its attractiveness in an increasingly competitive global market? Luxembourg’s position as a leading financial centre has been built on stability, innovation, and adaptability. But what will drive its success over the next decade?
In this video, Simon Gorbutt, deputy CEO of Luxembourg for Finance, Luis Galveias, chief operating officer at the Luxembourg Private Equity Association (LPEA), Yves Stein, chairman of the Luxembourg Bankers’ Association (ABBL), Sebastiaan Hooghiemstra, counsel at Loyens & Loeff Luxembourg, and Jan Saalfrank, partner at Pinsent Masons, share their insights on the opportunities and challenges ahead.
Watch the video to hear their perspectives on the future of Luxembourg’s financial sector.
The key challenges for wealth management and private banking in Luxembourg
How can Luxembourg stay ahead in an era of shifting regulations and digital transformation? What does the future hold for cross-border wealth structuring? Luxembourg has long been a hub for wealth management and private banking, but the industry faces a rapidly evolving landscape.
In this video, Simon Gorbutt, deputy CEO of Luxembourg for Finance, Yves Stein, chairman of ABBL, Luis Galveias, chief operating officer of the Luxembourg Private Equity Association (LPEA), Sebastiaan Hooghiemstra, counsel at Loyens & Loeff Luxembourg, and Jan Saalfrank, partner at Pinsent Masons, explore the critical challenges shaping the sector today.
From increasing regulatory pressure and evolving client expectations to the growing role of technology and sustainable investing, these experts discuss the key hurdles—and opportunities—that will define the future of wealth management and private banking in Luxembourg.
Future of private banking
Luxembourg private banks are under pressure. Costs are skyrocketing, regulations are becoming stricter and a shortage of talent threatens competitiveness. According to Yves Stein, president of the Luxembourg bankers’ association ABBL, digitization and automation are crucial to working more efficiently, but many banks are lagging behind larger, universal players. The question is not if, but how quickly the industry can adapt to remain relevant in an increasingly competitive market.
Find the related Investment Officer article at https://www.investmentofficer.lu/en/news/yves-stein-underlines-need-private-banks-innovate
| IO Boardroom Lunch Luxembourg These videos are part of the IO Boardroom Lunch partnership.  |