bulletin Banking and Financial History e.V.) Banking and Financial History (The European Association for Association for eabh (The European 2021 Photograph: EC President Delors meets with students in Brussells during 1985 © European Central Central during 1985 © European in Brussells with students Delors meets President EC Photograph: - In 1967, following the death of Marcel Reckinger, Reckinger, Marcel the death of following In 1967, of the 50th anniversary long after not In 1971, European construction and the spirit of construction and the of spirit European partnership: 1951–1971 began in 1954 CIAL support its growth, To at 103 centre, constructing a modern building in the city two opened officially was building The new Grand-Rue. Luxembourg’s Werner, Pierre of in the presence later years CIAL, chairman of Wenger-Valentin, Jean Finance Minister, Lux CIAL Luxembourg. CIAL of CEO Reckinger, Marcel and an international to turned its attention quickly embourg building up started Frères while Banque Mathieu clientèle, clients. and French Belgian of its portfolio - Rob son his to entrusted was management joint CIAL’s as the Eurobond In 1969, Birckel. Pierre ert and to opening began and foreign expand starting to was became a CIAL on a huge scale, in Luxembourg branches stake. with a 30.2% Frères in Banque Mathieu shareholder companies helped to the two between links The closer Banque de Luxembourg. boost business at the future Marie-Eugène and the death of (1970) Luxembourg CIAL who were attracted by its private, family aspect. Together Together aspect. family private, its by attracted were who pre- the difficult only tackle not had to banks the two occupation and the global conflict but also the years war con- of years four After beginning in 1940. Luxembourg of by the liberated was finally Luxembourg of the City flict, up started Businesses 1944. in September allied forces Marcel the command of under Luxembourg, and CIAL again in public the to reopened director, as appointed Reckinger, coop- by facilitated Banking also resumed, 1945. February cri- of years Those the Benelux countries. between eration its clients. towards responsibility sense of a keen forged sis 4 - - - A century-oldbank Banque de Luxembourg - became offi ‘Banque de Luxembourg’ The name In the 1930s, two new banking institutions emerged in in emerged institutions banking new two 1930s, the In and CIAL, of a branch Luxembourg, CIAL Luxembourg: in 1937 and founded was which Frères, Banque Mathieu clients with local andinternational popular proved quickly Market crash, conflict andclient trust: 1920–1950 crash, Market The history of Banque de Luxembourg, which in 2020 cel- Banque de Luxembourg, of The history to linked is closely Duchy, in the Grand years 100 ebrates whose development financial centre, the country’s that of Banque de Lux supported. actively the Bank has always embourg’s core business has evolved in parallel with the with the in parallel business has evolved core embourg’s a Initially centre. the financial choices made by strategic in the 1960s it bank serving businesses and merchants, manage- banking and asset in private expertise developed in pioneers the of one become to on going before ment, - and invest professionals management asset services for the of the history it’s all, But above fund promoters. ment to worked and relentlessly consistently who have people clients. their for solutions effective find the most back to origins date the Bank’s in fact but cial in 1978, - as invest War, World the First of In the aftermath 1920. Banque d’Alsace up, ramp starting to was in industry ment at in Luxembourg, (BAL) opened a branch de Lorraine et rever crash market the stock In 1929, 20 rue de l’Arsenal. was It world. the around exchanges stock across berated that in 1931 Société this challenging backdrop against – (SACIC) Commercial Industriel et de Crédit Alsacienne Industriel du Crédit Générale Société in 1919 by founded the business over CIC) – took future (the Commercial et Lux the notably most Lorraine, de et d’Alsace Banque of Industriel d’Alsace it Crédit and renamed branch, embourg (CIAL). de Lorraine et

eabh bulletin - In 2005 BLI – Banque de Luxembourg Investments Investments Luxembourg de Banque – BLI 2005 In change. decade of a new the start of 2010 heralded Ban- the future institution looking to century-old A with its clients provides Banque de Luxembourg In 2000 Robert Reckinger handed over the reins to Pierre Pierre to the reins handed over Reckinger In 2000 Robert The Délégué. Administrateur was who appointed Ahlborn, the banking institution into energy new breathed handover de Lux Banque For the 21st century. as it headed towards by approach a fresh take to the opportunity was it embourg expertise: pri- of areas its five developing simultaneously - businesses and entre management, asset banking, vate The and and credits. banking, professional preneurs, the services impressed Banque de Luxembourg’s of quality increased had wealth whose clientèle, Luxembourg local generations. the past two over significantly analytical and the Bank’s bring together established to was wins regular the company Today expertise. management Ban- performance. and quality its management for awards and adaptability cautious approach que de Luxembourg’s the impact of from its clients protect able to was it meant regula- while supporting them through the financial crisis tax secrecy. including the end of changes, tory its head office expanded Banque de Luxembourg In 2011, to sales force its entire and relocated Royal at Boulevard the Bank opened a year, In the same building. the new become its eventually would which in Belgium, branch new the Bank this impetus, As part of second biggest market. HSH Nordbank banking business of the private acquired - Bank plc Luxem TSB Lloyds in 2011, Banking SA Private bol- further in 2013, SA in 2012 and Banque LBLux bourg banking institution. its position as a leading private stering to its ability is attributable to longevity que de Luxembourg’s the strong and to its history throughout and innovate adapt and Europe. Luxembourg it has established in both foothold individu- a long line of of the commitment But it is also due to and pass grow safeguard, purpose has been to whose core als the to one generation from entrepreneurship of on a legacy decade. decade after Excellence, of build a House and to next increasingly their meet sustainable solutions to practical, Luxembourg’s has become one of It needs. sophisticated a solid his- inherited having leading banking institutions, And 1920. dating back to and commitments values of tory its teams so much change, undergoing world in a so today, in its history... chapters the next preparing are Financial crisis and service crisis new Financial model: 2000–2020 groups. The financial soundness of the Crédit Mutuel-CIC Mutuel-CIC Crédit the of The financial soundness groups. that meant shareholder, Banque de Luxembourg’s Group, with foundations had the solid Banque de Luxembourg the long term. over build its business which to 5 - - - Banque de Luxembourg CIAL Luxembourg and Banque de Luxembourg and Banque de Luxembourg Luxembourg CIAL its new opened de Luxembourg In 1994 Banque In the aftermath of the first oil crisis, a period of of a period the first oil crisis, of In the aftermath a difficult period economi- 1980s proved The early In 1988, following the success of European investment investment European success of the following In 1988, services for the Bank’s funds domiciled in Luxembourg, - the Bank cre In 1998, flourished. customers professional con- fund investment independent an Fund-Market, ated to this new base access its client offer to way as a sultancy, its reputation by driven the same time, At solution. savings became a Banque de Luxembourg management, wealth in in Luxembourg. banking player private recognised - develop To underpin its merger. announced their officially head new a build to decided Banque de Luxembourg ment, when phi- was This brand. a single under and operate office one of sponsorship became and arts and culture lanthropy convictions the with consonance in values, core Bank’s the management. its senior of repu- of its worthy a building in Royal, Boulevard 14, at offices (Miami), Arquitectonica firm architectural Designed by tation. At most iconic buildings. City's Luxembourg one of it is now over taken was the CIC group in 1998, this period, the end of biggest banking France’s one of form to Mutuel Crédit by Keeping pace with Luxembourg’s financial financial with Luxembourg’s pace Keeping 1988–1999 centre: ships has continued ever since. ever ships has continued 1972–1987 andOil crises diversification: climate, this uncertain In began. change and transformation to with clients closely more even partnered business teams became banking private as 1977, In interests. their protect clients, with German especially international, increasingly whom it had historical with , invited CIAL Frères, in Banque Mathieu stake a minority take to links, Banque de Lux changed its name to which at that point Lux in off take to funds continued As investment embourg. launched a professional Banque de Luxembourg embourg, banking business. banking business alongside its private nationalise its decided to government In 1981 the French cally. line. firing the in themselves found CIAL and CIC and banks, - estab therefore was de Gestion (CFG) Compagnie Financière with base client an affluent the demand of meet lished to the pioneers and it soon became one of needs, sophisticated focus Such client Luxembourg. business in office family of quickly. business and trust grew and both worth, its proved Mathieu, and under the chairmanship of Emile Spielrein, Spielrein, Emile of the chairmanship and under Mathieu, its stake increased CIAL Strasbourg, CIAL chairman of - thus making Luxem 100%, to Frères in Banque Mathieu in CIAL’s a full partner banking expertise private bourg’s partner forge to ability The Bank’s momentum. growth

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1945 the Second doors after its reopens Luxembourg CIAL CEO. is appointed Reckinger Marcel War. World 1954 build a sec to Luxembourg CIAL prompts Business growth opened in 1956. officially ond building at 103 Grand-Rue, 1937 Jacques Ambroise by founded is Frères Banque Mathieu Mathieu. and Marie-Eugène 1931 de Crédit Alsacienne Société into incorporated BAL, Indus- Crédit becomes (SACIC), Commercial Industriel et and establishes (CIAL) de Lorraine et triel d’Alsace Luxembourg. CIAL Banque Mathieu Frères, 80 place de la Gare (approx. 1940) © Private coll. © Private 1940) (approx. 80 place de la Gare Frères, Banque Mathieu 6

Banque de Luxembourg Administrateur Délégué Administrateur Ahlborn, Pierre 100 years: A timeline 100 years: the and same commitment. conscientiousness In a complex, changing world, we want to remain a a remain to want we world, changing In a complex, pillar of stability and continue to serve our clients with with clients serve our to and continue pillar of stability Banque d’Alsace et de Lorraine, poster by Jean-Jacques Waltz aka Hansi aka Waltz Jean-Jacques by poster de Lorraine, et Banque d’Alsace coll./DR Private (1920) 1920 - forerun the (BAL), Lorraine de et Banque d’Alsace branch first its opens Luxembourg, de Banque of ner in Luxembourg.

eabh bulletin 2005 created. S.A. Investments BLI – Banque de Luxembourg 2010 and Belgium in branch a opens Luxembourg de Banque private new with two commercially grow to continues and Ghent. in Brussels banking centres 2020 Banque de Luxembourg. of 100th anniversary 1991 Banque de by over is taken business Luxembourg’s CIAL Luxembourg. 1994 14, at Luxembourg of Banque de head office The new opened. officially Royalis Boulevard 1998 belongs, Luxembourg which Banque de to The CIC group, to Est Europe Centre Mutuel Crédit by over is taken become the CM-CIC group. 2000 Ban- Délégué of Administrateur Ahlborn becomes Pierre who Reckinger, Robert succeeding que de Luxembourg, has been at the helm since 1967. 2002 subsid- wholly-owned becomes a Banque de Luxembourg the CM-CIC group. of iary Robert Reckinger and Pierre Ahlborn (2005) © Gary Matoso Ahlborn (2005) © Gary and Pierre Reckinger Robert Banque de Luxembourg headquarters, boulevard Royal (2017) © Fernando Guerra (2017) © Fernando Royal boulevard headquarters, Banque de Luxembourg 7 Banque de Luxembourg Banque de Luxembourg Board of Directors (1981) Coll. Banque de Luxembourg (1981) Coll. Directors of Board Banque de Luxembourg Banque Mathieu Frères changes its name to Banque de Banque de changes its name to Frères Banque Mathieu Luxembourg. 1981 is founded. de Gestion (CFG) Compagnie Financière 1978 CIAL becomes a shareholder in Banque Mathieu Frères, Frères, Mathieu Banque in shareholder a becomes CIAL its capital. of acquiring 30.2% Marcel Reckinger, director, and Robert Reckinger, deputy director, director, deputy Reckinger, and Robert director, Reckinger, Marcel Banque de Luxembourg (1965) Coll. Luxembourg CIAL 1969 Robert Reckinger, François Panosetti and Pierre Birckel, with employees of of with employees Birckel, and Pierre Panosetti François Reckinger, Robert Banque de Luxembourg (1968) Coll. Luxembourg CIAL

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