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Since 2001, the Brazilian bank Bradesco has been present in Luxembourg, through the acquisition of Banco Banespa International. After buying Banco Mercantil de São Paulo in Brazil, which had a subsidiary in Luxembourg, these two structures were merged and Banco Bradesco Luxembourg was created.
Recently, Bradesco’s mother company decided to choose Luxembourg as its European headquarter for commercial banking. Private banking, trade finance and investment banking activities will be managed by the Luxembourgish subsidiary. LFF spoke to Jean Philippe Leroy, General Director of Banco Bradesco Europa S.A., about the latest developments.
LFF: Why did you choose Luxembourg as your European head office?
JPL: First of all, because of the importance of...
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