Luxembourg’s oldest bank, Banque Internationale à Luxembourg (BIL) has named Hugues Delcourt as new chief executive replacing François Pauly.
Delcourt joined BIL from ABN AMRO Private Banking, Asia & Middle East, where he most recently served as CEO and also as country executive for Singapore.
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Prior to this, he worked at banks such as UBS, Fortis-BGL and Crédit Agricole Indosuez. He also worked for five years in senior roles in the Grand Duchy.
At the same time, Pauly will take over the role as chairmanship of the board of directors of the BIL Group for an initial three-year period, where he will continue to provide strategic guidance to the bank.
In his new role, Pauly will contribute to the development of BIL in Luxembourg and internationally and will also represent t BIL’s interests in major companies such as Luxair and Bourse de Luxembourg.
Additionally, Pauly will work closely with Delcourt over the next several months to ensure a smooth transition. He will be replacing Frank Wagener in his new role.
Speaking on behalf of the Grand Duchy, the bank’s minority shareholder, Pierre Gramegna, Luxembourg’s Minister of Finance, said: With proven leadership skills, a strong background in international banking and good knowledge of the Luxembourg market, Hugues will continue BIL’s ongoing development, both at home and abroad, leading the bank to the next phase in its long-term growth."
