Banque Raiffeisen Unveils 'More Diverse' Board Led by Guy Hoffmann

On Tuesday 10 June 2025, Banque Raiffeisen issued a press release about its recent Ordinary General Meeting.

Banque Raiffeisen held its Ordinary General Meeting at its registered office in Leudelange on Thursday 5 June 2025. The meeting brought together members, directors and executives to review the bank's results for 2024, to elect members of the Board of Directors, to approve the annual accounts and to decide on the allocation of profits.

One of the reported highlights of this General Meeting was the election of new directors and the renewal of the Board of Directors, which is now composed of thirteen members, who were elected for a four-year term, following the co-optation of additional members.

The process also resulted in an increased presence of women on the Board: there are now three female directors, compared to only one previously. Banque Raiffeisen said "this development marks both a significant and natural step towards more balanced, inclusive governance that better reflects the diversity of the bank's cooperative members".

The Board also re-appointed Guy Hoffmann as Chairman of the Board for another four-year term. Subject to receiving the required regulatory approvals, the Board of Directors is composed as follows: Guy Hoffmann (Chairman), Marc Hentgen (Vice-Chairman), Manuel Baldauff, Romain Bausch, John Bour, Carlo Hess, Aude Lemogne (new member), Nathalie Mège (new member), Claude Pundel, Marc Reiners, Claude Strasser, Diane Wolter and Laurent Zahles (in his capacity as Chairman of the Management Board).

"This evolution marks an important step towards fulfilling our commitments to diversity, equity and inclusion. As a cooperative bank, we must reflect the society we serve. I am pleased to see our Board becoming more receptive to the diversity of backgrounds and perspectives," said Guy Hoffmann, Chairman of the Board of Directors of Banque Raiffeisen.

The bank presented its 2024 financial results at the General Meeting, reportedly "confirming its stability, solid performance in a changing environment and its ongoing commitment to sustainability, customer proximity and customer-orientated innovation".

As a cooperative institution, Banque Raiffeisen is owned by its members. Every client can become a member by subscribing to a single €25 membership share, which grants them voting rights at the General Meeting. Banque Raiffeisen currently has over 54,000 members.

"Being a member doesn't just mean supporting a local bank - it means taking part in its decisions, its values and its future. That's the strength of our cooperative model," explained Analia Clouet, Secretary General of Banque Raiffeisen.

The bank added that members also benefit from an exclusive loyalty programme: they collect points for every interaction with the bank, which can be redeemed for various advantages, such as paying their card fees.

Banque Raiffeisen recalled that, "true to its cooperative model", the bank does not pay dividends to its members. Profits are retained to strengthen the bank's capital base and ensure its long-term financial sustainability. This reinvestment is said to also enable the bank to further support the development of the Luxembourg economy by providing financing to households, municipalities and businesses.

During the General Meeting, Laurent Zahles, Chairman of the Management Board, also emphasised the central importance of customer experience. He highlighted that Banque Raiffeisen "actively invests in improving every point of contact with its clients, while preserving its core values: proximity, availability and the human quality of its relationships", according to the press release.