International private banking

Despite being a Luxembourg banking establishment, BIL’s name points otherwise to its international dimension. For private banking and wealth management, the Bank has two main expert hubs based in Luxembourg and Switzerland.

Wealthy clients have had a change in profile in recent years: they’re now more sophisticated, more international, and more demanding too. However, BIL’s objective remains the same: be their trusted partner to help them protect, grow and manage their assets, generation after generation.

At BIL, clients enjoy a special relationship with their dedicated private banking expert who understands their needs and offers bespoke solutions. An entire team of professionals are placed at the client’s disposal, giving global support and interconnecting all wealth areas. The team and associated services take a client’s needs and personal and professional situation into account, offering tailored solutions, be it for a short-, medium- or long-term project for the future.

When it comes to investments, BIL looks long-term. Thanks to discretionary mandates, BIL offers personalised portfolio management adapted to the ever-changing economic environment. For clients who wish to be more involved in their portfolio management, the Bank offers investment solutions advice. Over the past few years, the Bank has focused on developing its range of investment solutions, offering unique and innovative products. In 2018, BIL launched its first alternative investment fund, BIL Private Equity I.

This fund invested in three funds managed by Legend Capital which target investments in Chinese companies in the tech, media, telecommunications, healthcare and semiconductor industries. After this initial experience, in 2019 the Bank launched the BIL Real Estate I fund, this time in partnership with a local investor, Quilvest Capital Partners.

Because our clients’ issues now cross borders, BIL has established itself in different regions across the world. Thanks to our international teams located in Luxembourg, Denmark, Switzerland and China, the Bank has a perfect understanding of cross-border and international issues. Here’s a roundup of the latest news in the latter two countries.

Switzerland 2020 was a year of major change at BIL Suisse. New management at the helm were soon joined by new recruits. Its objective: to implement an ambitious international growth plan supporting the group’s overall strategy. As one of the group’s two main private banking hubs, BIL Suisse focuses on serving private clients, many of whom are entrepreneurs from Eastern and Western Europe, as well as Russia, the Middle East and China. This clientele is looking for stability, expertise and unparalleled service. In 2020, BIL Suisse was rewarded for its efforts with the WealthBriefing Award for Best Client Initiative.

China Legend Holdings became BIL’s major shareholder in July 2018. Backing from the Chinese group opened up new development leads. The Chinese market undeniably presents considerable commercial prospects and opportunities. In September 2019, the Bank opened its Beijing Representative Office, becoming the first Luxembourg financial institution to establish a physical presence in the country. Six months later, expansion continued with the opening of BIL Wealth Management Limited in Hong Kong. As BIL’s main operational entity in Asia, it’s a key element in the Bank’s development strategy in China.

BIL Wealth Management Limited will spearhead the Chinese wealth management and asset management market. It’s the link between China and Europe, whose mission is to further customer acquisition, strengthen investment capacity, and expand its range of products for European and Chinese clients.

€43.7 billion

assets under management as of 31/12/2020

Best Client Initiative

Wealthbriefing Swiss Award 2020

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