| BIL Suisse appoints Hartmut Vollmer Head of Wealth Management Growth Markets and Tobias Kamber General Counsel | https://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-Suisse-appoints-Hartmut-Vollmer-Head-of-Wealth-Management-Growth-Markets-and-Tobias-Kamber-General-Counsel.aspx | BIL Suisse appoints Hartmut Vollmer Head of Wealth Management Growth Markets and Tobias Kamber General Counsel | | <p>Hartmut Vollmer will join BIL Suisse as Head of Wealth Management Growth Markets which include China, Eastern Europe and the Middle East as of 1 April 2021. He will also become a member of BIL Suisse’ Executive Committee. Hartmut Vollmer joins BIL from Union Bancaire Privée (UBP) where he led the Eastern Europe team. He had been a member of the Bank’s Private Banking management committee since 2011. Prior to UBP, Hartmut Vollmer held management positions at ABN AMRO in Switzerland from 2000 to 2011.</p>
<p>Tobias Kamber will take on the role of General Counsel as of 1 January 2021. He will also become a member of BIL Suisse’ Executive Committee. Tobias Kamber has over 16 years of experience in legal, risk and compliance roles in the private banking sector in Switzerland and Hong Kong. Prior to joining BIL Suisse, he held the position of Deputy General Counsel Private Banking at Julius Baer and also headed the Private Banking legal team for Switzerland and the EMEA countries.Tobias Kamber started his career in the private banking sector in 2004 as Legal Counsel at Clariden Bank, prior to joining Julius Baer in 2007.</p>
<p>Hans-Peter Borgh, CEO of BIL Suisse and Group Head International, said: “<i>We continue to hold high growth ambitions for our business, and it was essential for us to strengthen our management team. Hartmut Vollmer and Tobias Kamber will bring invaluable experience and sharp expertise. We have made major high caliber recruitments in the past few months, reaching an important milestone. We are confident that with our strong team, we will take BIL Suisse to its next level of development.</i>”</p>
<p>BIL Suisse, one of the two main private banking hubs of Banque Internationale à Luxembourg, drives the Group’s international wealth management activities. It focuses on serving private clients, many of whom are entrepreneurs, from Eastern Europe and CIS countries, China, the Middle East, and Western Europe. To meet its ambitious international growth plans and to better serve its clients, BIL Suisse recently recruited a number of high caliber talents.</p>
| 12/14/2020 10:00:00 AM | | |
| Sightlines, the new exhibition by Armand Strainchamps, will go on display at BIL's Galerie L’Indépendance. | https://www.bil.com/en/bil-group/pressroom/news/Pages/Sightlines-the-new-exhibition-by-Armand-Strainchamps-will-go-on-display-at-BIL-Galerie-LIndependance.aspx | Sightlines, the new exhibition by Armand Strainchamps, will go on display at BIL's Galerie L’Indépendance. | | <p><i>Sightlines</i>, is the title of the book featuring a retrospective of artist Armand Strainchamps to be released on 29 October. It is also the title of the new exhibition which opens on the same day at Banque Internationale à Luxembourg's Galerie L’Indépendance, offering the public the chance to discover his more recent works.</p>
<p>Including thirty paintings that feature his signature style, the exhibition Sightlines is a stunning addition to the artist's existing oeuvre. In these paintings, figures appear to be suspended weightlessly in time. Subjects are stripped entirely of superfluous details, are underscored by black contouring and contrasting colours that seem to crystallise and intensify their expressions. The sculptures to be featured in the Galerie L’Indépendance complement the artist's existing body of work beautifully.</p>
<p>Artlovers can preview the exhibition at <a href="https://www.bil.com/galerie-lindependance/strainchamps/index.html">www.bil.com/galerie-lindependance/strainchamps/index.html</a></p>
<p>This exhibition is yet another example of BIL’s commitment to promoting art and culture, which, alongside innovation and education, are at the core of its corporate social responsibility philosophy. Sightlines is also the fruit of a long-term collaboration with the artist, whose work has already been featured at the Galerie L’Indépendance. BIL already exhibited a number of his works in 2004, and more recently again in 2016 to mark the Bank's 160th anniversary.</p>
<p>The exhibition Sightlines by Armand Strainchamps is open to the public from 8 a.m. to 6 p.m., Monday to Friday, beginning 29 October 2020 until 12 February 2021 at the Galerie L’Indépendance, 69, route d’Esch, Luxembourg. It is held in accordance with all applicable health guidelines.</p>
| 10/29/2020 4:00:00 PM | | |
| BIL reinforced its compliance framework | https://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-reinforced-its-compliance-framework.aspx | BIL reinforced its compliance framework | | <p>As a significant and responsible member of the financial community of Luxembourg, Banque Internationale à Luxembourg is constantly updating its policies and processes to adapt to changing anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The Bank is committed to ensuring the highest level of compliance standards at all times when it comes to the fight against money laundering and financing of terrorism, fully supporting the CSSF in its supervisory mission.</p>
<p>During on-site inspections in 2017 and 2018, the CSSF identified certain weaknesses in the Bank’s processes which were in place at the time. These inspections concerned a sample of clients from the Commonwealth of Independent States, thus representing a limited segment of customers whose inherent risk is generally to be considered high. As a result, the CSSF decided to impose an administrative sanction of 4.6. million euros, which is a proportion of the Bank’s total annual revenues. The fine is related to the Bank’s processes which were in place at the time of the inspections.</p>
<p>No money laundering or terrorism financing activity was identified.</p>
<p>With the support of the new shareholder structure and under the leadership of the new CEO, BIL promptly took appropriate measures to remediate the identified weaknesses. The Bank has since defined a new and strict AML Risk Appetite Statement and related Wealth Management Compliance Guiding Principles, recruited additional compliance specialists and increased AML/CTF training and awareness. Compliance tools, i.e. the AML scoring engine, were upgraded and implemented.</p>
<p>BIL wishes to reiterate its complete cooperation with the CSSF in its supervisory work.</p>
<p>Marcel Leyers, CEO of BIL: “<i>When I was appointed CEO, it was my key priority to ensure that BIL’s compliance governance and procedures were further strengthened to ensure the highest standards are applied at all times. The identified weaknesses have been corrected in an appropriate manner.<i>”</p> | 8/10/2020 11:00:00 AM | | |
