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Private Banking

Luxembourg stands as the largest private banking centre in the European Union, a position earned through its enduring financial stabilityinternational 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 2024

90% of Luxembourg private banks’ customers are European.

Assets under management rose in 2024 by 14.2% year-on-year, fuelled by solid market performance (+10%) and a doubling of net new money inflows to 4%, compared with 2% in 2023.

Shares of UHNWIs in banks’ books continues to grow and already represents 66% (vs 41% in 2014)

Median cost/income ratios rose slightly from 62.4% in 2023 to 67.9% in 2024. Luxembourg continues to outperform Switzerland, where the figure stands at 75.5%.

Source ABBL – KPMG 2025 Private Banking Survey

Anda Asaftei

Anda Asaftei

Adviser - Banking and Business Intelligence