Jerry Grbic, CEO of the ABBL, joins the Board of Directors of the Mutualité de Cautionnement

The Mutualité de Cautionnement's objective is to facilitate bank financing for Luxembourg companies by acting as guarantor. The link with the banks is therefore essential for the Mutualité, and the nonimation of Jerry Grbic will reinforce it more than ever.

Another major asset: the banking expertise of Jerry Grbic, CEO of the ABBL, brings new perspectives to the board of directors of the Mutualité de Cautionnement. This will strengthen the organisation's governance and decision-making.

Created by the Chamber of Commerce, the Mutualité de Cautionnement is supported by the European Commission and the country's largest banks - Spuerkeess, Banque de Luxembourg, Banque BCP, BGL BNP Paribas, Banque Internationale à Luxembourg (BIL) and Raiffeisen.

After studying in Brussels, Jerry Grbic began his career with Banque Internationale à Luxembourg. In 1999, he joined BIL's commercial bank, where he held a number of support and credit analysis positions before moving into sales, where he helped to develop a range of products and services for the self-employed. In 2003, he took charge of a portfolio of large corporate clients before being given responsibility for the department. He left BIL in 2008 and joined Banque Degroof to develop the Luxembourg market. In 2012, Jerry Grbic left Banque Degroof to take up the position of Director at Fortuna Banque sc. He became Managing Director in 2015. Under his leadership, the lending business was reorganised and commercial development was revitalised. In 2022, he became CEO of the ABBL.