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Luc Rodesch (picture), Head of the ABBL's Private Banking Group, on changing client profiles, "Rubik", and future challenges and opportunities for the Luxembourg private banking industry.
Private banking client profiles have changed considerably over the years. What are todays client profiles and what are the corresponding opportunities and challenges?
Luc Rodesch: Whereas our clients used to live mainly in our neighbouring countries, today they are coming from all over Europe and beyond, and they tend to have more international activities. A typical client would be a company owner operating in different countries, deciding at some point of time to change his country of residence, with children living in other countries, whos...
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