What key competitive advantages allowed the international success of the Luxembourg financial center?

. —“It should be remembered, first of all, that the Luxembourg financial center has built its reputation on its political, economic and social stability (with a triple A rating from the leading financial rating agencies). Its success can also be explained by its financial expertise, both at European and international level, and the synergy of skills and know-how within companies in the financial sector, particularly in wealth insurance and management (in terms of legal, tax, wealth planning, etc.). As a consequence, the Luxembourg financial center is recognised as one of the top 5 financial centers in the EU, and as the leading cross-border insurance center in the EU.

What are the main regulatory compliance challenges in wealth management, and how are you overcoming them?

“Over the past few years, we have been under a lot of pressure to comply with regulations. The key challenge is to adapt to change in a timely and efficient manner. Regulatory compliance and risk management for more transparency is an essential element and a point of attention, not only for companies in the financial sector, but also for our clients who are looking for a stable financial and legal environment from which to manage and structure their wealth.

How do you integrate ethical principles into your wealth management services?

“Transparency is a key factor in several areas, such as financial risk management and pricing. By definition, a life insurance contract is a long-term investment. With wealthy clients looking for protection when it comes to structuring, managing and transferring their assets, life insurance companies must be committed to offering their clients both transparency and trust over the long term.”