Does the private banking sector really look after the client demand ?

I attended yesterday a luncheon organised by Amcham (the American Chamber of Commerce in Luxembourg) where a CEO of a large Luxembourg-based foreign bank exposed his view on the on-going “Paradigm Shift in Wealth Management”. In a 20 to 30 min. speech, he explained why a paradigm shift is necessary in the banking industry. He.. read more →

Euro : when governance is missing…

“The Euro : Pride and Prejudice” is the name of a captivating conference held in Luxembourg on the 2nd November with 3 invited speakers : Dr. Jacques Santer, former Prime Minister and President of the European Commission ; Dr Thanoas Skouras, Professor of Economics ; Athens University, Dr. Alfred Steinherr, Academic Director, Sacred Heart University.. read more →

“You’ve got value, but I’ve got values”

I attended a conference titled “Clashing philosophies : shareholder value vs. stakeholder value” in Luxembourg. That’s the sort of topic I like much … What made this conference very exciting was the confrontation between two quite opposite academic views about shareholders claims in business. It started with a depicting picture of the shareholder maximization by.. read more →

Technical assistance & knowledge transfer : status of 2 years experience in sustainable business development

  In 2009 started the first wide-sized Employee Volunteering Programme (EVP) supporting a microfinance project, ever launched in Luxembourg. The success of this on-going experience lies in the dynamic coming from several actors having provided together their respective contribution with the common objective to set up responsible microfinance services (ranging from credit and saving to.. read more →

3 basic rules to prevent and address business failures

In an interesting article titled “Business success: Why we need to fail more gracefully” from 5th July 2011, Mallen Backer (*) questions the way mistakes are dealt in the business area, while doing comparison with sport where the failure is seen as an opportunity to challenge oneself and make further progress. He recalls that mistakes.. read more →