swebelux nobelux women and finance

The Swedish and Nordic Chambers of Commerce in Belgium and Luxembourg (SweBeLux and NoBeLux) are hosting a conference on “Women and Finance” at the European Convention Centre on 4 May.

With more and more women acceding to top positions in companies as well as accessing to the high net worth individuals range, they are increasingly targeted by asset managers and private banks who are developing specific strategies to attract them in what is considered a niche market. 

The conference aims to look at how smart women are investing their money, and how to reach out to this target market, as well as the impact of gender diversity.

The participation fee is €250 (plus VAT), with a 15% reduction for members of the respective Chambers of Commerce. To register, email:

The conference programme is reproduced below:  

8:30 Registration

9:00 Welcome and Introduction 

Mathilde Hildenfeldt, Managing Director, Swedish-Nordic Chamber of Commerce, Luxembourg
H.E.Mrs Annika Hahn-Englund, Ambassador of Sweden to Belgium & Luxembourg 

9:20 Keynote: Rich Thinking: A Global Perspective on Smart Women and Money Barbara Stewart, CFA, Canada

9:50 Keynote: The Nordic Perspective
Hakan Nyberg, CEO of Nordnet, Sweden 

10:15 Panel 1: Women & Investments 

  • How smart women are investing their money in 2017.
  • How financial institutions should respond to these archetypes. 
  • Millennials and women – the similarities in financial behaviours. 
  • The female asset mix: value investor or investor in value?
  • Gender equality as an input in portfolio management. 

Moderator: Barbara Stewart, CFA, Canada 

John Norden, Co-founder & Chair,, Denmark
Hakan Nyberg, CEO of Nordnet, Sweden
Anna Jönsson, CFA, Institutional Sales Öhman, Sweden
Åse Bergstedt, Chief Expert in Nordea on Sustainability, Nordea, Sweden David Schmidt, Head of Private Banking Investments, Banque de Luxembourg Roxane Haas, Deputy Banking Leader, PwC, Luxembourg. 

11:15 Coffee Break 

11:30 Panel 2: Reaching out to the #1 target customer: the financially confident woman 

  • A deeper dive into the opportunities and strategies for reaching the #1 target market.
  • The female communication style and why it matters.
  • A female customer’s perspective 
  • How to tap into ‘her’ network?

Moderator: Larissa Best, CEO, Equilibre, Luxembourg Panelists: 

Helena Olsson, CEO Burson-Marsteller Sweden
Claes Eliasson, Head Group External Communications, Nordea, Sweden Jennifer Hansen, VP and Head of Global Sales Strategy and Execution,
Saxo Bank, Denmark
Isabelle Lebbe, Partner, Arendt & Medernach, Luxembourg
Viviane Clauss, Head of marketing & Digital Services, Banque de Luxembourg 

12:15 LUNCH

13:30 Panel 3: Smart women: financial behaviours and technology 

  • How the media and the technology has changed the world for women and finance? 
  • Women in developing economies - the last inclusion horizon.
  • Inclusion of underserved groups, disproportionately women, thanks to financial technology e.g. Mpensa.
  • Rebalancing of financial inclusion of women, and financial empowerment of women, thanks to new models of working e.g. remote working, gig economy.
  • How technology lowers the threshold for women to participate in nance through open education systems, gamification, empowering apps and the commoditisation of investing? 

Moderator: Laureline Senequier, Senior Manager Information and Technology Risk, Deloitte Luxembourg 

Sofie Blakstad, CEO, Hiveonline, Denmark
Esther van Luit, Senior Security Consultant at Deloitte, Netherlands 

14:00 Panel 4: The Impact of Gender Diversity 

  • How to build confidence in girls and women?
  • The empowering effect of access to nance for women and girls.
  • The competitive advantage of gender diversity.
  • Experiences from Nordic financial institution: how the Nordic institutions are dealing with this?
  • Experiences from Luxembourg: How BNP Paribas is dealing with this? 

Moderator: Denise Voss, Chairman, Alfi

Helena Arlander, Director, Portfolio and Risk Management, Finnfund, Finland
Helga Hlín Hákonardóttir, Partner, Strategía, Iceland
Tabitha Cooper, Strategic Business Developer, Nordea, Sweden
Anna Svahn, Project Manager, Feminvest, Sweden
Mathilde Jahan, General Secretary, BNP Paribas, Luxembourg

15:00 End of conference


Global satellite communications company, SES, has announced its new rapid response vehicle (RRV), a SATCOM-enabled platform capable of providing high-speed connectivity and global communications services for a broad range of commercial, civil, humanitarian and defence missions around the world.

The RRV is the world’s first mobile platform to offer collaborative communications technologies over multiple orbits and frequencies, including Ku-, Ka- and Military X- and Ka-bands, across SES’s GEO fleet and fibre-like Ka-band delivered over its MEO constellation. It can easily adapt with connectivity customised for specific scenarios and applications such as high-definition video conferencing, streaming, voice, GSM backhaul, high-speed broadband, and large data file transfers in locations where infrastructure is non-existent or destroyed.  

“The RRV can provide multi-band, multi-orbit connectivity to support virtually any situation imaginable, anywhere. This includes missions related to border security, defence, peacekeeping, support for humanitarian operations and response to natural disasters, as well as commercial applications,” said Nicole Robinson, corporate VP for government market solutions at SES. “We are very proud to be at the forefront of technological advancements in rapid connectivity solutions, and are looking forward to continuing to deliver truly tailored offerings to our customers.”

The vehicle is ‘plug-and-play’ and boasts modular features that can integrate and deploy a wide range of communication technologies and devices aboard a mobile vehicle. One example is SES’s Tactical Persistent Surveillance (TPS) ISR solution, based on Lighter-Than-Air (LTA) inflatable aerostat technology hosting advanced electro-optical (EO) sensor and communications payload options, which is designed to provide situational awareness for border and operations security, event monitoring and disaster response initiatives. 

The RRV can also quickly launch a number of other platforms, including the SATMED telemedicine service. Other types of activities enabled by the RRV are ‘respond and recover’ missions to support disaster relief efforts, providing emergency wireless internet access for communities, reinforcing downed public infrastructure, providing IP backhaul for mobile networks and enabling long-term connectivity for agencies on the ground.


The RRV is equipped with wireless capabilities, including MIMO (Multiple Input Multiple Output) SDR radio technology, which provides an expansive mesh type, frequency programmable, mobile communications platform to support private 3G / 4G LTE networks and government push to talk (“PTT”) frequencies.

SES’s Rapid Response Vehicle is available through a variety of purchase and lease options supported with fully-managed service agreements, allowing procurement flexibility.

BIL Debehogne richter verschelde payal jadoul MarieDeDecker

Banque Internationale à Luxembourg (BIL) is adopting an electronic signature system for all branch cash transactions, with the aim of boosting efficiency and improving client service. The move is part of BIL’s digital transformation.  

The bank has been gradually rolling the system, created by Fujitsu, out across its branch network since February this year, it means the bank will no longer issue paper receipts for cash deposits and withdrawals for which clients will now sign an electronic document on a tablet. The receipt is instead transmitted to the client’s BILnet files and stored on the bank’s servers, from where clients can view, save and print as they choose.

“This solution meets the five criteria that financial institutions must fulfil when creating and managing documents, namely that the signature is authentic, forgery-proof, non-reusable, tamper-proof and irrevocable”, said Cédric Jadoul, Head of Digital Strategy, Fujitsu Luxembourg, adding “Sign’IT captures the image of the signature to integrate it in a PDF and can accurately authenticate it and prevent any attempted fraud.” 

The bank hopes that digitalisation will result in a drastic reduction in paper consumption, and already sees annual savings of around half a million paper documents.

Image: Cédric Jadoul (far right). © Marie de Decker


xavierbettel GuyDaleiden OlivierNicoloff Canada2017

Guy Daleiden, Managing Director of Film Fund Luxembourg and Olivier Nicoloff, Canada's Ambassador to Luxembourg, signed a new Luxembourg-Canada audiovisual co-production agreement at Government House, Ottawa, during Prime Minister Xavier Bettel’s visit to Canada.

The new treaty, which supersedes the 1996 co-production agreement, aims to foster and support co-productions between the two countries for cinema, television and other screens, with particular emphasis on innovative and non-linear content, and takes into account new and recent technological developments.

To be eligible for support under the treaty, a Luxembourg or Canadian co-producer’s financial contribution to the film must be at least 15% of the total budget. Films made under the treaty will qualify as both Luxembourgish and Canadian.

Luxembourg has co-produced a number of films with Canada since signing the first bilateral treaty, among them Léa Pool’s 2010 feature La dernière fugue, by Iris Productions.

Other recent Luxembourg-Canada co-productions include Troisièmes Noces by director David Lambert (Bidibul Productions), a Luxembourg-Canada-Belgium co-production currently shooting in Luxembourg, and Dreamlandby Bruce McDonald (Calach Films), a three-way co-production between Luxembourg, Canada and Belgium currently in development, scheduled for shooting in Luxembourg in October. Also in development is Justice Dot Net by Luxembourg director Pol Cruchten (Iris Productions), a Luxembourg majority co-production set to start shooting in the Grand Duchy this autumn.

Image: Xavier Bettel, Guy Daleidon, Olivier Nicoloff


The Ministry of Sustainability, the Nature Administration and its partners is hosting a series of conferences led by Dr. Jan Herr, biologist for the Nature Administration and Environmental Protection authority, on the subject "Bats: blockade animal or environmental star?" on the following dates:

Monday, 24 April at 19:30
At the Millen
103, Huewelerstrooss
L-8521 Beckerich

Tuesday, 25 April at 19:30
Center culturel "Aalt Stadhaus"
38, avenue Charlotte
L-4530 Differdange

Monday, 8 May at 19:30
Centre Culturel
12, rue de Binsfeld
L-9912 Troisvierges

Thursday, 11 May at 19:30
Centre d'accueil nature et forêts "Biodiversum"
5, Breicherwee
L-5441 Remersche

Pierre Gramegna eu2015 600x399

Currently in Canada with Prime Minister Xavier Bettel, Minister of Finance Pierre Gramegna will head to Washington DC tomorrow for the annual meetings of the International Monetary Fund and the World Bank on Friday and Saturday. 

On the sidelines of the meetings, the minister will have bilateral interviews with a number of his counterparts in addition to working meetings with IMF and World Bank leaders.

Luxembourg Institute Science Technology LISTLuxembourg Institute Science Technology LIST 

The Luxembourg Institute of Science and Technology (LIST) has signed a three-year partnership deal with Circuit Foil, a producer of copper sheets for the electronics and automotive industries, which the parties hope will bring about the development of a new generation of brass that will help aircraft to resist lightening. 

The agreement, which is supported by the National Research Fund within the framework of a CORE-PPP, hopes to resolve the damage caused to aircraft by lightening, as well as the electromagnetic fields created by storm systems, which can interfere with electronic systems on board. 

Damien Lenoble, head of the nanomaterials and nanotechnology unit at LIST, emphasised that "this collaboration is further evidence of the Institute's role as an RTO in transferring technology to businesses and thus strengthening the Luxembourg economy . This project again demonstrates the industrial impact of upstream research conducted over five years by LIST in nano-materials. The reinforcement of the tools of the FNR and of the Ministry of the Economy must allow an acceleration of the technological transformations supported by the LIST.”

Fabienne Bozet, CEO of Circuit Foil, said that "this research project will eventually bring an extra string to our bow. It is part of our strategy to expand our product portfolio to higher value-added products, especially in sectors other than electronics and automotive where most of our products are sold."

Thursday, 20 April 2017 09:37

Bettel and Trudeau Meet in Ottawa

bettel trudeau april2017

Prime Minister Xavier Bettel met Canadian Prime Minister Justin Trudeau in Ottawa yesterday for a meeting to strengthen trade ties between the two countries.  

"A long friendship links Canada and Luxembourg. Beyond these friendly ties, our relations have great potential,” said the Prime Minister, explaining that Luxembourg's cumulative direct investment in Canada was close to €43 billion in 2015, making the Grand Duchy the third largest source of foreign direct investment in Canada.

At the same time, Canadian investment in Luxembourg reached $35 billion In 2015, ranking fourth in the world for Canadian direct investment abroad. 

"With Mr. Trudeau, we have agreed to deepen not only our political relations, but also economic relations, notably by taking advantage of the opportunities offered by the Comprehensive Economic and Trade Agreement between Canada and the European Union (CETA). 

“This new agreement will contribute to a rebalancing between the economic actors and the political sphere in order to put the global economic system on a more sustainable and social basis. Canada and the European Union (EU) are economic and social players with similar values ​​at comparable wage levels. It is in my eyes a free trade agreement of a new generation where product quality, know-how and respect for our standards, including environmental and social ones, take precedence. From this point of view, the agreement is a major qualitative leap in achieving a more just and social social order. Following the approval of the CETA by the European Parliament and the upcoming ratification of Canada, the provisional application of the agreement should therefore demonstrate the added value of the agreement for both the EU and Canada,” said Bettel. 

On the sidelines of the visit, Guy Daleiden, Director of the National Support Fund for Audiovisual Production and Olivier Nicoloff, Canada's Ambassador to the Grand Duchy of Luxembourg, signed a new audiovisual co-production treaty between Luxembourg and Canada. 

The aim of the treaty is to promote the development of film, television and videographic co-productions between the two countries, with emphasis on new audiovisual writings and taking account of technological changes that have occurred over time. It will support co-productions between the two countries, whose contribution represents at least 15% of the total production budget. The works will be awarded the nationalities of Luxembourg and Canada.

The visit will continue in Toronto today, where the Luxembourg delegation will meet, among others, Finance Minister Bill Morneau.


Bourse luxembourg

Ahead of its ordinary general meeting yesterday, the Luxembourg Stock Exchange (LSE) disclosed its accounts for 2016, showing a net profit of €12.3 million, holding stable against 2015, based on a consolidated operating turnover of €45.3 million, up 0.71% on the year before.  

Speaking to the press, Robert Scharfe, CEO of LSE, attributed some of the positive results to the development of Fundsquare, of which he is chairman of the board, and control of costs, which at €1.6 million were more than 5% lower than 2015.

The group declared a dividend of €60 per share, the same as 2015.  

Sharing the platform with Scharfe, Frank Wagener, president of the LSE, and Julie Becker, Executive Committee Member of the LSE, spoke in the language of change, flexibility, stability and transparency as the key drivers for the group. 

Fundsquare, a wholly owned subsidiary of LSE, is considered key to providing transparency and flexibility. Founded in 2013, the company showed a profit for the first time last year, at €980,000 thanks to a 13% growth in turnover, which Frank Wegener said is a substantial growth rate. The order-routing and information platform processed 800,000 orders last year.  

A key event last year was the launch of the Luxembourg Green Exchange (LGX) in September, the first platform in the world dedicated to green financial instruments, and now a world leader in the global green securities market providing access to 50% of the market. 

LGX also participates in a number of high-level groups, including the sustainable development working group of the World Federation of Exchanges, the Sustainable Stock Exchange initiative, a partner in the Climate Bonds Initiative, and participant in COP 21 and COP 22. LGX is also a member of the High-Level Expert Group on Sustainable Finance of the European Commission. 

LGX is partnering with the Shenzhen Stock Exchange (SZSE) on a series of references and placement tools for Chinese green bonds in Europe.  

The LGX is a platform for 110 green bonds from 25 issuers across much of Western Europe. North America, Brazil, Ivory Coast, China and the Philippines. “We hope this map will be greener in the coming months,” said Julie Becker outlining the LGX results. 

The market is growing rapidly, with €16.8 billion issued in 2016, up 52% from 2015, and bringing the total for the market up to €50.6 billion.   

Another key element for the LSE, the group announced the launch of a new website, due on 3 May. “Transparency is our first product,” said Scharfe, noting that the current website had become over heavy as additional layers were added over the years. As a result, the new website is being developed from scratch in order to simplify access and use. 

Image: Frank Wegener, Robert Scharfe and Julie Becker at the Luxembourg Stock Exchange on 19 April 

Wednesday, 19 April 2017 17:13

Weekend City Road Closures for Works

ville de luxembourg logo

Works to renew the road surface at Boulevard d'Avranches, Avenue Charles de Gaulle and The Rue du Laboratoire will take place over this weekend, from 22 to 24 April.

The works will be carried out in separate phases and involve a number of traffic changes. 

From 20:00 on Saturday 22 April to 18:00 on Sunday 23 April, Boulevard d'Avranches, Montée de la Pétrusse, Avenue Charles de Gaulle and Rue du Laboratoire will be closed to all traffic. 

The streets adjacent to these roads — Rue du Fort Wallis on the stretch between Rue Charles VI and Boulevard d'Avranches as well as Bender Street — will be closed to traffic, except for bus lines. 

However, access to garages will be guaranteed.

From 06:00 on Sunday 23 April 2017 to 05:00 on Monday 24 April, Boulevard d'Avranches, Montée de la Pétrusse, Avenue Charles de Gaulle and Rue du Laboratoire will be closed to all traffic.

Additionally, traffic on the adjoining streets will be prohibited, except at Bender Street which will be open to buses. Inbound and outbound movements will not be permitted during this period.

It is recommended that inhabitants of the above-mentioned streets who require use of their vehicle should park it outside the prohibited parking zones.

During the works period, access to the city centre via Boulevard d'Avranches will not be possible. 

Drivers from the east, e.g. Sandweiler and the A1 motorway will be able to access the city via the Kirchberg Plateau.  

For vehicles coming from the south of the country, entry into the city will be via the Pénétrante Sud, then Rue de Thionville, Pont Büchler, Rue de Hollerich and Rue d’Esch. 

Those travelling to the airport will need to take Avenue de la Liberté, the Place de la Gare, Pont Büchler and then onto the A1 motorway in the direction of the Kirchberg Plateau.

For the duration of the works, a nunber of modifications to public transport services will apply.

Municipal Bus Line 7 will be deflected in both directions between Boulevard Général Patton and Place de la Gare by Verlorenkost and Bonnevoie. Lavoisier and Laboratoire will be abolished and replaced by a temporary stop in Lavoisier Street, at the corner of Auguste Lumière. Gare-Rocade will be abolished and replaced by Fraternité (Boulevard de la Fraternité) or Gare Centrale.

Bus Line 29 will be deflected in both directions between Boulevard Général Patton and Place de la Gare by Verlorenkost and Bonnevoie. Some stops may not be served and will be replaced as follows: the Al Molkerei judgment will be replaced by a provisional stop at Boulevard Général Patton, downstream of Rue Marie and Pierre Curie. The Paris-Zitha stops (platforms 2 and 4) will be replaced by Wallis Quai 2 (towards the airport) and Gare Centrale Quai 103 (towards Bonnevoie).

RGTR Regional Lines 150, 160 and 163 will be diverted in both directions between the Robert Schaffner roundabout and the Gare district by Hamm and Bonnevoie. The Ronndréisch stop in the direction of the Gare district will be replaced by the Käschtewee (Upper Street) stop. The General Patton, Al Molkerei and F.D. Roosevelt cases will be repealed and replaced by Heinrich Heine (Heine).

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