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Governance

As a systemically important institution, BIL attaches great importance to its governance. BIL is supervised at national and European level and governed by a Board of Directors and a Management Board.

Governance

The Bank strictly adheres to legal requirements to have a clear organisational structure with transparent lines of responsibility and adequate internal control mechanisms - including sound administrative and accounting procedures - as well as remuneration policies that promote effective risk management.

BIL's corporate governance framework is laid out in a Charter

As a systemically important institution, BIL is supervised by the European Central Bank together with Luxembourg’s Commission de Surveillance du Secteur Financier.

Management bodies

The administration of the bank is entrusted to its Board of Directors, whose members are appointed by the shareholders’ general meeting. The Board of Directors is responsible for ensuring that the overall strategic and organisational objectives of BIL and its subsidiaries and branches are attained.

The Board of Directors has delegated the daily management of the bank to the Management Board, which is chaired by the Chief Executive Officer.

Board of Directors

  • Luc FRIEDEN Chairman (independent Director)
  • Peng Li Vice-Chairman Legend Holdings representative
  • Hugues DELCOURT Director and CEO
  • Maurice LAM Independent Director (UK chartered accountant)
  • Jing Li Director Legend Holdings representative
  • Christian SCHAACK Independent Director (PhD. MIT)
  • Michel SCHARFF Director representing the Employees
  • Serge SCHIMOFF Director representing the Employees
  • Vincent THURMES Director representing the State of Luxembourg (Ministère des Finances, Conseiller de Gouvernement)
  • Chris VAN AEKEN Independent Director (MBA – University of Chicago)
  • Donny WAGNER Director representing the Employees
  • Fernand WELSCHBILLIG Director representing the Employees
  • Christophe ZEEB-ICHTER Director representing the State of Luxembourg (Ministère des Finances, Conseiller de Gouvernement première classe)

Management Board

  • Hugues DELCOURT CEO Chairman of the Management Board
  • Stéphane ALBERT Chief Risk Officer Member of the Management Board
  • Yves BAGUET Chief Operations Officer Member of the Management Board
  • Hans-Peter BORGH Wealth & Investment Management Member of the Management Board
  • Olivier DEBEHOGNE Retail & Digital Banking Member of the Management Board
  • Marcel LEYERS Corporate & Institutional Banking Member of the Management Board
  • Bernard MOMMENS Secretary General and General Counsel Member of the Management Board
  • Nico PICARD Chief Financial Officer Member of the Management Board
  • Claude SCHON Treasury & Financial Markets Member of the Management Board