Wealth Management in Luxembourg

Duration

4,00 hours(s)

Language(s) of service

Next session

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training for?

The training programme is designed for junior private bankers, Family Offices’ staff or persons having worked for a few years in a banking environment and wishing to reorientate their career in private banking.

Goals

After this course, you will have a good general understanding of the Private Banking business, the products and services it offers, its players, issues and the regulatory environment in which it operates in Luxembourg, having analysed:

What Private Banking is; the legal framework it falls under, its role within the bank and how the banks implement it
The international background (analysis of reference studies)
The Luxembourg financial marketplace, its market share, the geographic origin of both its clientele and the banks active in this business, the “star” products offered and the benefits it can enjoy
The legal and regulatory framework in force in the Grand-Duchy of Luxembourg applicable to Private Banking dealing with the following in particular:
- Obligations to be adhered to with regard to money laundering
- Professional obligations to be adhered to vis-à-vis clients
- Due diligence with regard to tax compliance fiscal to be implemented
- Special precautions to be taken in respect of certain types of clientele (US persons…)
The products and services offered (specifically investment advice, portfolio and wealth management, asset engineering, financial planning, family office, numbered accounts, Lombard loans, fiduciary contracts, family asset management company, special investment funds, foundations)
The occupations within Private Banking
Recent news relating to Private Banking

UNDERSTANDING THE NOTION OF PRIVATE BANKING

Theoretical definition of the Private Banking concept
Comparison with Personal Banking
Private Banking within the bank
Illustration based on a few practical examples

PRIVATE BANKING IN LUXEMBOURG

Presentation of the international background
Specificities of the Luxembourg financial marketplace
- clientele
- legal and regulatory framework
- players
- products
- analysis of the competition
- recent news

PRODUCTS AND SERVICES OFFERED WITHIN THE FRAMEWORK OF PRIVATE BANKING