Luxembourg for Finance, the Agency for the Development of the Financial Centre, is hiring a Deputy CEO. S/he will work in close partnership with the CEO, providing leadership across the agency for all its different activities (communication, events and business development) and representing the agency both at national and international level.
On 22 January 2019, Fondation de Luxembourg celebrated its 10th anniversary. Created in December 2008 by the Luxembourg government and the Oeuvre Nationale de Secours Grand-Duchesse Charlotte, to meet the growing need for a centre of expertise in philanthropy in Luxembourg, the core mission of Fondation de Luxembourg is to promote philanthropic commitment by private persons and companies.
• 47 financial institutions reported as relocating activities to Luxembourg in the context of Brexit
• 136 banks from 28 countries rely on Luxembourg as their European or international hub
• Luxembourg’s fund industry reaches AUM of EUR 4.19 trillion, a year-on-year increase of 1.37%
Alipay, part of Alibaba group, has been granted with an electronic money license in Luxembourg. Alipay is China’s leading mobile and online payment solution, with more than one billion users globally.
Following national elections on October 14, the new government was sworn in on December 5. Embarking on a second term, the Liberal Democrat, Socialist and Green parties‘ coalition agreement is marked by a stronger environmental drive and reconfirms the ambition to further develop and strengthen the Luxembourg financial centre.
LFF participated at the UNEP Global Roundtable in Paris. During a high-level panel session on sustainable finance roadmaps and national policy plans, LFF Deputy CEO Tom Théobald provided an overview of Luxembourg’s ongoing efforts in sustainable finance, notably in light of the EU action plan, as well as next steps as part of its national roadmap.
French asset manager Lyxor, the fully-owned Asset Manager of Société Générale Group, is transferring 19 exchange traded funds with assets of €4.9bn to Luxembourg.
As a founding member, Luxembourg for Finance participated at the 1st General Assembly of the global network of Financial Centres for Sustainability (FC4S), held in Shanghai on 19 October. The world’s financial centres have taken an important step forward to scale up the financing required for climate action and sustainable development.
Luxembourg joins the World Alliance of International Financial Centers as founding member.
On 4 October, Luxembourg’s Minister of Finance Pierre Gramegna and Minister of the Environment Carole Dieschbourg, together with Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI), officially launched the Luxembourg sustainable finance roadmap.