CENTURY-OLD LUXEMBOURG ROOTS

As the heir to several major companies, Indosuez Wealth Management began operating in the Grand Duchy of Luxembourg due to the convergence of varied stories that have shaped it to this day; these companies and their stories have made it one of the leading
Wealth Management institutions in Luxembourg.

OUR FIRST ROOTS IN LUXEMBOURG ARE PATRIOTIC

The oldest and most prestigious of our roots in the Grand Duchy was laid down in the wake of World War I, as the country grasped its new-found independence after severing its ties with Germany.

In 1920, under the aegis of Hubert Loutsch, former President of the Government of the Grand Duchy, a number of Luxembourg politicians, landowners, public figures professors and doctors joined forces to create insurance and investment firm “La Luxembourgeoise” with the aim of collecting and managing national capital to support an independent economy in a now-sovereign nation. Our company is thus linked to the country's very beginnings.

 

OUR STORY HAS COMMON THREADS WITH THE STORY OF THE LUXEMBOURG FINANCIAL MARKET

These pioneers simultaneously gave rise to the first truly Luxembourg Bank and Insurance Company.  La Luxembourgeoise was present for the country's entire economic and financial history, and in particular the advent of the major European financial marketplace that Luxembourg has become in light of its supportive financial environment and political stability.

After the separation of banking and insurance activities required by law in 1968, the company's banking operations were taken over by the Banque du Benelux. One of the bank's shareholders was Compagnie financière de Suez. This new bank later became Banque Indosuez Luxembourg in 1983 and was once again present as the Luxembourg marketplace affirmed its leading expertise in investment fund management and private banking.

Banque Indosuez and its group (especially its Luxembourg subsidiary) went on to join Crédit Agricole group in 1996, beginning yet another chapter in our story.

 

VARIED ROOTS COMING TOGETHER IN CREDIT AGRICOLE GROUP

With the arrival of Banque Indosuez in Crédit Agricole group, the combination of specialised internal and external teams and the gradual emergence of the global Wealth Management division made our company what it is today.

In addition to our company's deep roots in Luxembourg, our current operations resulted from the near-20 year combination of Wealth Management services provided by various institutions in the Grand Duchy.

Our ancestors thus include Christiania Bank, a Norwegian bank established here in 1973, whose Private Banking activities were purchased in 1997, Banque de Gestion Privée in Luxembourg, which joined us in 1999, and Banque Colbert, which opened its doors in the Grand Duchy in 1983, whose local business contributed to us in 2005; not to mention Crédit Lyonnais, which has operated in Luxembourg since 1929 and created one of the largest banking groups in Europe when it joined Crédit Agricole group in 2003.

When the activities of both groups in the Grand Duchy were combined in 2005 under Crédit Agricole Luxembourg, the office as we know it today made its debut.

 

CREATION OF AN INTERNATIONAL WEALTH MANAGEMENT SPECIALIST

In 2011, Crédit Agricole group launched the worldwide combination of all its Wealth Management businesses, centred in a holding company whose Luxembourg office became a subsidiary in 2012.

Today, all of the expertise and talent from the different institutions of which we are the proud inheritors have been brought together in an international network of 30 offices under a single brand, Indosuez Wealth Management.

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