Luxembourg for Finance explained

Luxembourg for Finance
Native Name:La place financiere de Luxembourg
Native Name Lang:fr
Abbreviation:LLF
Status:Public-private partnership
Headquarters:Luxembourg-Kirchberg
Location:Luxembourg
Key People:Nicolas Mackel, CEO[1]

Luxembourg for Finance is an agency to promote and development Luxembourg's Financial Centre. The agency is a public-private partnership between the government of Luxembourg and the Luxembourg Financial Industry Federation, led by Nicolas Mackel, which brings together the various trade bodies of the Luxembourg financial sector, such as the Luxembourg Banker’s Association,[2] the Association of the Luxembourg Fund Industry[3] or the Association of Insurance and Reinsurance Companies[4] in Luxembourg.[5] [6]

History

Founded in 2008, the objective of Luxembourg for Finance is to help develop and diversify Luxembourg’s financial services industry, position the financial centre abroad and identify new business opportunities.[7] It connects international investors to the range of financial services provided in Luxembourg, such as investment funds, wealth management, capital market operations or advisory services.

Rankings

The Luxembourg Financial Centre is ranked as the leading financial centre in the Eurozone and 3rd in Europe after London and Zurich.[8]

Notes and References

  1. News: Nicolas Mackel reconduit à la tête de LFF. 2017-03-03. Paperjam News. 2017-03-14.
  2. Web site: The Luxembourg Banker's Association home. 2020-02-26 . The Luxembourg Banker's Association. Communication department of The Luxembourg Banker's Association. 2020-02-26.
  3. Web site: Association of the Luxembourg Fund Industry home. . 2020-02-26. Association of the Luxembourg Fund Industry . Communication department of Association of the Luxembourg Fund Industry . 2020-02-26.
  4. Web site: The Association of Insurance and Reinsurance Companies home . . 2020-02-26. The Association of Insurance and Reinsurance Companies . Communication department of the Association of Insurance and Reinsurance Companies. 2020-02-26.
  5. Web site: gouvernement.lu // L’actualité du gouvernement du Luxembourg - Accueil. www.gouvernement.lu. fr. 2017-03-14.
  6. News: PROFIL Luxembourg. Luxembourg for finance. 2017-03-14.
  7. News: Acteurs publics. 2017-03-14. fr.
  8. News: Global Financial Centres Index: Luxembourg ranks 3rd most competitive European financial centre. 2016-04-07. Wort.lu. 2017-03-14. en.