Private Banking
Luxembourg stands as the largest private banking centre in the European Union, a position earned through its enduring financial stability, international mindset, and investor-friendly regulatory environment.
Serving Global Families and Entrepreneurs
Luxembourg-based private banks serve a diverse and international clientele—primarily high-net-worth individuals (HNWIs) and ultra-HNWIs, often families of entrepreneurs managing wealth across multiple jurisdictions.
With a deep understanding of cross-border financial needs, private banks in Luxembourg offer tailored solutions that go far beyond portfolio management.
Comprehensive Wealth Management Services
Clients benefit from a full suite of high-value services, including:
- Discretionary and advisory portfolio management.
- Wealth structuring and tax planning within EU-compliant frameworks.
- Succession planning and family governance advisory.
- Real estate financing across European markets.
- Access to alternative investments, ESG portfolios, and global financial markets.
This broad offering is supported by Luxembourg’s multilingual talent pool and its multi-jurisdictional expertise, making it a premier destination for international private wealth management.
A Diverse and Robust Private Banking Landscape
The sector is composed of a rich mix of institutions, including:
- Large international banking groups with global reach and diversified services.
- Specialised private banks focused on wealth preservation and intergenerational planning.
- Boutique institutions catering to specific regions or cultural markets (e.g., Latin America, Southern Europe, Asia).
This diversity ensures clients benefit from personalised service, regulatory confidence, and cross-border capabilities unmatched in many other jurisdictions.
A Stable Base for Global Wealth
As global wealth becomes increasingly mobile and complex, Luxembourg continues to offer clarity, continuity, and confidentiality—all within a transparent, EU-aligned framework.
Whether you are expanding your investment portfolio, preparing for succession, or managing assets across borders, Luxembourg’s private banking sector offers the expertise and stability to safeguard your financial future.
Key figures (2023):
45 banks active in private banking.
Steady growth
The Luxembourg private banking sector has demonstrated robust and sustained growth in AuM between 2007 and 2024, with total AuM expanding from €662 billion to €756 billion. This represents an average annual growth rate of approximately 10%, underscoring Luxembourg’s enduring appeal as a leading European wealth management hub.
Client distribution by geographic region
The geographic segmentation of client assets in Luxembourg’s private banking sector remained stable and highly international in both 2023 and 2024.
Assets under management – Client type distribution
The evolution of client asset segmentation in Luxembourg’s private banking sector from 2011 to 2024 demonstrates a clear shift toward higher wealth clienteles.
Source ABBL – KPMG 2025 Private Banking Survey.
