(L-R) Jean Demuth, Head of External Asset Managers; Florence Winfield-Pilotaz, Member of the Executive Committee in charge of Asset Servicing; Vincent Willem, Deputy Head of Asset Servicing; Nicole Thomé, Head of Business Development;
Credit: Banque de Luxembourg
On Monday 8 July 2024, Banque de Luxembourg announced it was revitalising the development of its Asset Servicing business with new governance and a more client-focused organisation.
The objective is to consolidate the bank's business relationships over the long term and support the development of Asset Servicing as part of its new strategic plan.
Banque de Luxembourg reported it has restructured its governance to further enhance the quality of its client relationships and position itself as a leading provider of depositary solutions and services to independent asset managers. This business will be rebranded "Asset Servicing" to reflect the nature of its services for institutional clients.
Florence Winfield-Pilotaz has been appointed as member of the Executive Committee in charge of Asset Servicing. Ms Winfield-Pilotaz has worked for Banque de Luxembourg for almost 25 years. Her experience in asset servicing and knowledge of institutional clients have been described as "key strengths underpinning the bank's growth ambitions over the coming years". She will be responsible for developing activities to meet the needs of institutional clients, whom the bank has served for over 40 years.
Vincent Willem has been appointed Deputy Head of Asset Servicing, with responsibility for the Funds & Institutional Clients and Business Development departments. He will also be responsible for the commercial coordination of the Asset Servicing business overall, supported by Nicole Thomé, Head of Business Development, and Jean Demuth, who will be in charge of the third-party asset management business.
