Luxembourg. For people who are used to being free to choose their own points of view and locations.
Independence - a recurring theme in virtually all relevant areas of our bank. This also applied
to the choice of our location, which took us to Luxembourg back in 1973.
A decision that clearly opened up many more possibilities for us and our clients.
With the best operating conditions for a high-performance range of products, Luxembourg
offers an international banking location second to none. International funds are the focus to a
greater extent than anywhere else. This has been assisted significantly by the company law and tax
law options that make the Grand Duchy stand out as a financial centre. It has been a member of the
European Union since 1958 and was a major initiator of its establishment. The high reliability of
fiscal policy, coupled with comparatively low tax rates - such as for deposit fees subject to sales
tax - are further examples of the undisputed advantages of Luxembourg's location.
No other international financial centre has proven to be as flexible and progressive and yet
stable, when it comes to developing new financial products or services. One could describe the
motto of the financial centre as 'always one step ahead'. Timely and non-bureaucratic coordination
with the Luxembourg authorities when launching new products significantly increases our flexibility
and responsiveness - a key contribution to the independence we cherish - and this will save you
valuable time.

