Private Banking Group
The Private Banking Group unites wealth management professionals dedicated to serving high-net-worth clients. Its priorities include:
- Advocacy:Â engaging proactively with regulators and policymakers to shape favorable legal and fiscal frameworks that support private banking activities, ensuring client confidentiality, and adapting to evolving compliance requirements.
- Sector promotion: raising international awareness of Luxembourg’s strengths as a private banking hub, including stability, expertise, and innovation, through participation in global forums, publications, and strategic partnerships.
- Education, training and talent attraction: offering specialised Masterclass programs to equip futur young professionals with up-to-date skills on regulatory changes, investment strategies, digital tools, and client relationship management. A key focus is attracting and retaining top talent by promoting career development pathways and enhancing the sector’s appeal to new generations of private banking professionals.
- Statistics and market intelligence:gathering and analysing data on client demographics, asset flows, and market trends to inform strategic decisions and anticipate future opportunities.
Investment Firms Working Group
Often associated with private banking but standing firmly as a sector in its own right, Luxembourg’s investment firms community brings together a diverse range of actors:
Independent asset managers, family offices, fund distributors, brokers, and trading firms.
To serve their specific needs, the ABBL launched the Investment Firms Working Group in 2021. This initiative was born out of a shared conviction: that the time had come to move beyond informal networking and build a structured, collaborative platform to tackle common challenges—whether in dialogue with the CSSF, or when negotiating with external partners.
At its core, the group is driven by pragmatism, efficiency, and collective impact, with the spirit of mutualisation guiding every action.
A Five-Pillar Strategy for Collective Progress
The Investment Firms Working Group operates across five key areas:
1. Sharing Best Practices
We foster open dialogue on regulatory implementation and operational processes—such as handling ESG preference collection under MiFID II. Our discussions are enriched by the involvement of advisory firms, legal experts, and close collaboration with other ABBL groups, including the external asset managers working group.
2. Mutualisation Projects
In 2023, we launched a joint training programme in partnership with an external provider. By pooling demand, members accessed preferential rates and tailored content, demonstrating the benefits of collective action.
3. Advocacy and Supervision
Our structured dialogue with the CSSF has matured into dedicated workstreams, positioning the ABBL as a recognised and trusted interlocutor for Luxembourg’s investment firms.
4. Business Intelligence
To strengthen our strategic positioning, we are building a dedicated data collection effort—capturing the specific challenges, strengths, and evolution of our business models.
5. Visibility and Promotion
Using this data, we amplify the visibility of Luxembourg-based investment firms—both within the financial centre and in broader European conversations. Promoting our contribution to the financial ecosystem is key to enhancing sector attractiveness.