The current Head of the PBGL is Mr. Pierre Etienne (Pictet & Cie (Europe) S.A.) and its Vice-Heads are Mr. François Dacquin (BGL BNP Paribas) and Patrick Wagenaar (Banque Degroof Luxembourg S.A.).

Working Groups are an important element in ensuring sound governance and service on the part of the PBGL. As a result, the Cluster created ad hoc working groups to temporarily focus on some issues, and undertake in-depth analyses and reviews. Current active working groups are:

  • Working Group ‘Promotion’: defining a strategy on how Private Banking “made in Luxembourg” can be put on the map for our target customers and markets; analyzing the appropriate communication channels for the Private Banking targets (roadshows, conferences, brochures, social media); supporting LFF activities in promoting Luxembourg worldwide; expanding the product offering for Luxembourg at international level (fondation patrimoniale, Renmimbi products, Islamic finance…),
  • Working Group ‘Training’: re-examining current training offers for qualified private banking professionals who need to adapt to the fast changing business environment in the financial services industry and who wish to continue their education; exploring ways to facilitate, improve and coordinate the offering across the various partners (e.g. IFBL, University),
  • Working Group ‘Statistics & Business Intelligence’: producing a series of statistics and market research papers that could be used by private banks for understanding their market positioning, competition analysis, client breakdown analysis, anticipating future trends (markets and clients) and gaining a better understanding of international competition.

The PBGL also actively interacts with the Luxembourg Stock Exchange, ICMA, Luxembourg Freeport, University of Luxembourg and Luxembourg School of Finance, Luxembourg for Finance, etc.