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Governance
As a systemically important institution, BIL attaches great importance to its governance. BIL is supervised at national and European level and governed by a Board of Directors and a Executive Committee.
Governance
The Bank strictly adheres to legal requirements to have a clear organisational structure with transparent lines of responsibility and adequate internal control mechanisms - including sound administrative and accounting procedures - as well as remuneration policies that promote effective risk management.
BIL's corporate governance framework is laid out in a Charter
As a systemically important institution, BIL is supervised by the European Central Bank together with Luxembourg’s Commission de Surveillance du Secteur Financier.
Management bodies
The administration of the bank is entrusted to its Board of Directors, whose members are appointed by the shareholders’ general meeting. The Board of Directors is responsible for ensuring that the overall strategic and organisational objectives of BIL and its subsidiaries and branches are attained.
The Board of Directors has delegated the daily management of the bank to the Executive Committee, which is chaired by the Chief Executive Officer.
Jing Li
Vice-Chair, Legend Holdings Representative
Jing Li has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since July 2018.
She is also a Chair of the Board Strategy Committee and of the Board Remuneration and Nominations Committee, Vice-Chair of the Board Risk Committee and a Member of the Board Audit and Compliance Committee as well as a Member of the.
Jing Li is the Vice President of Legend Holdings Corporation and the Managing Director of its overseas investments business. She joined Legend Holdings in 2005 as Assistant General Manager of the Investment Management Department and re-joined in 2014 as Managing Director of the Overseas Investment Department. In the meantime, she held various key positions at Zurich Insurance Group with focus on Investment Management. From 2013 to 2016, she was a Non-Executive Member of the Board of Directors of New China Life Insurance Asset Management and from 2016 to 2018 a Non-Executive Board Director of Pension Insurance Corporation (UK).
Jing Li is a Chinese national and holds a Bachelor’s degree in Economics from Nankai University, a Master’s degree in Economics from the University of International Business and Economics in China, and a Master’s degree in Finance from the London Business School. She is also a CFA Charter Holder.
Languages: Chinese – English
Peng Li
Director, Legend Holdings Representative
Peng Li has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since July 2018.
He is also a Member of the Board Remuneration and Nominations Committee.
Peng Li is the Chief Executive Officer of Legend Holdings Corporation, a Hong Kong-based diversified investment group and the majority shareholder of BIL. He joined Legend Holdings in 2003, where he subsequently served as General Manager of the Investment Management Department, Director of the Strategic Investment Business, Assistant President, Vice President and Senior Vice President before being appointed Chief Executive Officer. He sits on multiple Boards, including on the Board of Directors of Lakala Payment, Zhengqi Financial and Kaola Technology.
Before joining Legend Holdings, Peng Li held various positions at Sinotrans and Teradyne Connection Systems.
Peng Li is a Chinese national and holds a Bachelor’s degree in International Finance from the University of International Business and Economics, Beijing, China, and an MBA from the University of New Hampshire, USA.
Languages: Chinese – English
Marcel Leyers
Chair
Marcel Leyers is the Chair of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since May 2024.
He is a Member of the Board Strategy Committee.
Prior to chairing the Board of Directors, Marcel Leyers held senior management positions at BIL. From 2013 to 2019, Leyers headed the Corporate and Institutional Banking business, to become in 2019 the CEO of the Bank, until 2024.
Marcel Leyers joined BIL in 1983 and held various positions in the Retail and Corporate Banking departments, including Head of Corporate Banking, and Small and Medium Businesses & Public Institutions (SMB&PI) from 2007 to 2010, and head of Corporate Banking in 2012.
Marcel Leyers is a Luxembourgish national and holds a graduate diploma in Management from the Department of Law and Economics of the University of Luxembourg.
Languages: Luxembourgish – French – English – German
Ashley Glover
Director, Staff Representative
Ashley Glover became a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) in November 2019, following his election as Staff Representative the same year.
He joined BIL in February 2001 as business analyst following a company integration. Since November 2010 he is the manager of BIL Triple A Competence Center.
Ashley Glover is a British/Luxembourgish national and holds a National Diploma in Business Study from Folkestone College, Kent, England and the Institute of Management accounts.
Languages: English – French – Luxembourgish – German
Maurice Lam
Independent Director
Maurice Lam has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since April 2016.
He is also the Chairman of the Board Audit and Compliance Committee.
Maurice Lam is the owner and manager of Lam & Partners S.à.r.l., an advisory company. He also holds the position of Non-Executive Director for the Bank of China (Luxembourg) S.A.
Maurice Lam started his career with Deloitte (UK) in 1979 before moving to Deloitte (Luxembourg), where he occupied various senior management positions over the years, including Senior Manager, Audit Partner, Member of the Executive Committee, Managing Partner and CEO. Maurice Lam was a member of the Institute of Chartered Accountants in England and Wales, the Institut des Reviseurs d’Entreprises in Luxembourg and the Ordre des Experts Comptables in Luxembourg.
Maurice Lam is a Mauritian/Luxembourgish national and graduated in Economics from the University of Leicester, UK.
Languages: English – French
Charles Q. Li
Independent director
Charles Q. Li has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since May 2021.
He is a Member of the Board Risk Committee.
Mr Li was Chief Executive Officer China at Australia & New Zealand Bank (ANZ) between 2011 and 2014, responsible for all ANZ businesses in China. Before joining ANZ, he spent 17 years with the Royal Bank of Scotland Group (RBS), holding a series of senior positions in London, Hong Kong, Beijing and Shanghai. When he left RBS in 2011, he was Country Executive China, responsible for all RBS’s businesses in China.
Since 2014, Charles Q. Li has undertaken a portfolio of non-executive and advisory roles in commercial and non-profit organisations, including Independent Director and Chair of Remuneration Committee of the House of Fraser Group, Independent Director of IDT International (HKEX 167), Independent Director of the Great Britain China Centre, Senior Advisor at Fintech Circle Ltd and Member of the Birmingham Business School Advisory Board.
Charles Q. Li is a British national and holds a Bachelor’s degree in Mechanical Engineering from the Beijing Institute of Technology, a MSc in Industrial Management from the University of Birmingham and a PhD in Strategic Management from Aston Business School. He is a Fellow of the Hong Kong Institute of Directors.
Languages: Chinese – English
Benoît Migeaux
Director, Staff Representative
Benoît Migeaux became a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) in July 2023. He was elected as a staff representative for the first time in 2013 and reelected in 2019.
He joined BIL as Fund Accountant in 1995. He then held various positions within the Bank in Finance, Credit Risk and Business Intelligence Management, including Controller, Data Quality & Quality Control Team Leader and Senior Data Analyst.
In addition to his core responsibilities, Benoit has been an active member of the Staff Delegation at BIL, serving as a Délégué Libéré for eight years and holding the position of Vice-President of the Delegation. He represents employees in various committees of the Bank including the Fonds de Gestion Paritaire, and the Fonds Social.
Benoît Migeaux is a Belgian national. He holds a degree in accounting and marketing from the Institut Sainte-Marie from Liège, and the EPHEC from Brussels, Belgium.
Languages: French - English – Dutch.
Pierrot Rasqué
Director, State of Luxembourg Representative
Pierrot Rasqué has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since August 2018.
He is also a member of the Board Audit and Compliance Committee.
Pierrot Rasqué joined the Luxembourg Ministry of Finance in 2016 and is an Advisor in the Directorate in charge of financial services policy and regulation and financial stability. He started his career at the CSSF (Commission de Surveillance du Secteur Financier) in 2005, where he was an Advisor for Banking Regulation in the Banking Supervision Department.
Pierrot Rasqué is a Luxembourgish national and holds a Master’s degree in Economic Analysis from the University of Strasbourg, France.
Languages: Luxembourgish – English – German – French
Claude Steffen
Director, Staff Representative
Claude Steffen became a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) in March 2022, following his election as a permanent Staff Representative in January 2022. He was first elected as a Staff Representative in 2003.
He is a Member of the Board Remuneration and Nominations Committee.
Claude joined BIL in 1988 as an accountant. During his career, he worked both in contact with clients, as a commercial employee, and in back office, for card operations. Since 2022, he is a permanent delegate, representing employees in various committees of the Bank.
Claude Steffen is a Luxembourgish national. He holds a degree from the Ecole de Gestion et de Commerce, Luxembourg.
Languages: Luxembourgish – French – German – English
Vincent Thurmes
Director, State of Luxembourg Representative
Vincent Thurmes has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since June 2017.
He is also a Member of the Board Strategy Committee, the Board Risk Committee as well as of the Board Remuneration and Nominations Committee.
Since 2014, Vincent Thurmes works for the Luxembourg Ministry of Finance, where he currently is the director in charge of financial services policy and regulation and financial stability. He is also a Non-Executive Director of the Luxembourg Stock Exchange.
Vincent Thurmes started his career at the Luxembourg Ministry of Foreign Affairs before joining the CSSF (Commission de Surveillance du Secteur Financier) in 2005, where he occupied different positions over the years, including Deputy Head of the Single Supervisory Mechanism (SSM) Department.
Vincent Thurmes is a Luxembourgish national and holds a Master’s degree in International Management from the Université Louis Pasteur, Strasbourg.
Languages: Luxembourgish – English – German – French
Chris Van Aeken
Independent Director
Chris Van Aeken has been a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) since July 2018.
He is also the Chair of the Board Risk Committee and a Non-Executive Member of the Board of Directors of Banque Internationale à Luxembourg (Suisse) SA.
Chris Van Aeken began his career as a Fixed-Income Trader at KBC Bank Brussels in 1987. He joined Morgan Stanley (London) in 1996 as an Equity Derivatives Trader after having worked at Barclays Capital (London). During his career, he occupied various senior management positions, including Head of Risk Management and Chief Operating Officer for International Wealth Management and Deputy Head of Private Wealth Management Asia (Hong Kong) until he was nominated Chief Executive Officer of Morgan Stanley (Switzerland) AG, formerly Bank Morgan Stanley AG, from February 2012 until June 2016.
Chris Van Aeken is a Belgian national and graduated in Applied Economics from the University of Louvain, Belgium. He also holds an MBA in Finance from the University of Chicago, USA.
Languages: English – French – Spanish – Dutch
Frank Block
Director, Staff Representative
Frank Block became a Member of the Board of Directors of Banque Internationale à Luxembourg, S.A. (BIL) in September 2024, following his election as a permanent Staff Representative in April 2024. He has been a member of the staff delegation since 2013.
He joined BIL in 1987 and has developed extensive expertise in various IT roles, with a particular focus on managing production environments.
Frank Block is a Luxembourgish national and graduated from the Lycée des Garçons from Luxembourg.
Languages: Luxembourgish – French – German – English
David Pilgrim
Independent Director
David Pilgrim joined the Board of Directors of Banque Internationale à Luxembourg S.A. (BIL) as an Independent Non-Executive Director in July 2024.
He is also a member of the Board Risk Committee.
David Pilgrim has over 30 years of experience in Financial Services, providing technology and operational support solutions across multiple business lines.
David Pilgrim began his career at Morgan Stanley in New-York in 1987 a Graduate Trainee in Technology developing Systems supporting the Equity Derivative, Prime Brokerage and Financing Businesses. Throughout his career, he has held several senior management and executive positions at Morgan Stanley Group, including Global Head of Cross Business Support Services based in London, then moving to be the Regional Head of Reliability & Production Engineering in Mumbai (India) in 2020, where he led the growth and transformation of the Production Support department. Since 2023, David Pilgrim has acted as an advisor to TATA Consulting Services, supporting their service delivery within the Cyber, Data Risk and Resilience domains.
David Pilgrim is a British and Northern Ireland national. He graduated in mathematics from Imperial College London.
Language: English
Claude Eyschen
Head of Wealth Management
Claude Eyschen has been Head of Wealth Management of Banque Internationale à Luxembourg, S.A. (BIL) and a member of the Executive Committee since January 2024.
Claude Eyschen brings nearly three decades of experience in private banking and financial services. Before joining BIL, he worked at CapitalatWork where he was Managing Director for Luxembourg from 2011 to 2023. Prior to this role, he worked at Dexia-BIL as Head of Institutional and Corporate Sales as well as Market Leader for Private Banking from 1995 to 2011.
Claude Eyschen is a Luxembourgish national and holds a Master’s degree in Economics from the Université Libre de Bruxelles.
Languages: Luxembourgish - French - English - German
Jeffrey Dentzer
CEO
Jeffrey Dentzer has been Chief Executive Officer of Banque Internationale à Luxembourg, S.A. (BIL) since May 1st, 2024. He has been a Member of the Executive Committee since May 2019 and a member of the Management Board since March 2021.
Prior to taking on his current position, Jeffrey Dentzer occupied different senior management positions within BIL, including Deputy CEO, Chief of Luxembourg Market and CIB (Corporate and Institutional Banking), Head of Corporate and Institutional Banking, Head of Large Corporates and Structured Finance and Head of Institutional Banking. He started his career at Dexia-BIL and moved on to Banque et Caisse d’Épargne de l’État, Luxembourg before coming back to BIL.
Jeffrey Dentzer is a Luxembourgish national. He holds a degree in Economics and Business Management from the University Louis Pasteur in Strasbourg, France. He also holds a Postgraduate Diploma in Management of the Surrey European Management School in England.
Languages: Luxembourgish - French - English - German
Jérôme Nèble
Chief Risk Officer
Jérôme Nèble has been Chief Risk Officer of Banque Internationale à Luxembourg, S.A. (BIL) since January 2025 and a member of the Executive Committee since June 2020.
Jérôme Nèble started his career with BIL in 2002 and has since held various senior roles in Risk Management, Strategy, Finance, Treasury and Financial Markets. Prior to his current position, he was January Head of Strategy, Secretary General Office and Balance sheet Management.
Jérôme Nèble is a French national. He graduated as a civil engineer from the Ecole Nationale Supérieure des Mines, Nancy, France. He also holds a degree in Mathematics from Henri Poincaré University, Nancy, France.
Languages: French – English
Karin Scholtes
Head of Corporate and Institutional Banking
Karin Scholtes has been Chief of Corporate and Institutional Banking of Banque Internationale à Luxembourg, S.A. (BIL), since January 2024. She is a member of the Management Board and of the Executive Committee.
Karin Scholtes joined BIL in 2014 as Head of Human Resources. She was appointed Global Head of People, Culture and Communication and a member of the Executive Committee in 2019 and Chief of Luxembourg Market and CIB in 2024. Prior to joining BIL, she worked 14 years at Pictet & Cie (Europe), where she held the positions of Business Partner, Head of Department GDC, Deputy Head of HR and Head of HR.
Karin Scholtes is a Luxembourgish national. She holds a Master’s degree in Labor Studies from l’Université Libre de Bruxelles in Belgium as well as a Master’s degree in HR Management from the University of Westminster in England.
Languages: Luxembourgish - French - English - German
Olivier Gorin
Head of Digital Banking
Olivier Gorin is Head of Digital Banking of Banque Internationale à Luxembourg, S.A. (BIL), overseeing the Retail network, the Client Services platforms and the digital transformation of the Bank. He is also a member of the Executive Committee.
Prior to this role, he held the positions of Chief Operating Officer, Chief Transformation Officer where he was responsible for IT and Operations and all transformation projects related to core IT, Head of Strategy and Marketing, and Head of CIB Strategy and Corporate Development. He has been a member of the Executive Committee since 2021. Before joining BIL in 2019, Olivier worked as a consultant for European banking corporations, as founder and managing partner of Bel Air Partners Management Consulting in Luxembourg for 13 years.
Olivier Gorin is a French national. He graduated from the Ecole Centrale de Marseille School of Engineers and holds an MBA from HEC Paris Business School.
Languages: French - English
Hans-Peter Borgh
Group Head International
Hans-Peter Borgh is the Group Head International of Banque Internationale à Luxembourg, S.A. (BIL) and a Member of the Executive Committee. He has been the Chief Executive Officer of BIL Switzerland since January 2020.
Hans-Peter Borgh joined BIL in November 2015 as Head of Wealth Management and Investment Management and member of BIL’s Executive Committee. Prior to joining BIL, Hans-Peter Borgh occupied senior management positions within the Australia and New Zealand Banking Group and ABN AMRO Bank, where he was Chief Commercial Officer for Private Banking, Asia and Middle East from 2012 to 2015.
Hans-Peter Borgh is a Dutch national and holds a Master’s Degree in Business Administration with a major in Finance & Marketing from the University of Groningen in the Netherlands.
Languages: Dutch - English - French - German
Nico Picard
Chief Financial Officer
Nico Picard has been the Chief Financial Officer of Banque Internationale à Luxembourg, S.A. (BIL) and a Member of the Management Board/Executive Committee since October 2017.
Nico Picard joined BIL in 1989. During his career, he held various senior management positions, including Asset and Liability Manager, Head of Controlling & Financial Planning and Deputy Chief Financial Officer.
Nico Picard is a Luxembourgish national and holds a PhD in Probability Theory as well as Master’s Degree in IT, Pure Mathematics and Applied Mathematics from the University of Nancy I in France.
Languages: Luxembourgish - French - English - German
