Delano is the English-language publication for Luxembourg’s financial community
Delano covers Luxembourg financial sector news and information, plus the key politics, business, economic and leisure time stories to help members of Luxembourg’s financial community maximize their professional and personal lives. If you have an event or announcement that you think Delano should cover, send us an email: [email protected]
Delano Magazine is published by Maison Moderne:
www.maisonmode
rne.com
Editor in chief: Aaron Grunwald
Journalists: Sylvain Barrette, Kangkan Halder, Lydia Linna, Jeffrey Palms, Cordula Schnuer, Yusuf Yassin
Photographers: Romain Gamba, Guy Wolff, Matic Zorman
🇱🇺 The weather is nice and warm, a rare occurrence in . But if you prefer to take a break from enjoying the sunny summer days outdoors, then there’s plenty to do inside. Here are a few of our suggestions.
The weather is nice and warm, a rare occurrence in Luxembourg. But if you prefer to take a break from enjoying the sunny summer days outdoors, then there’s plenty to do inside. Here are a few of our suggestions.
Luxembourg court formally places Banque Havilland into administration
Banque Havilland, the troubled Luxembourg private bank, has taken another step on its path to being wound up, after a Luxembourg court officially ordered it into administration.
Jargon buster: what exactly are “exchange-traded funds” or “ETFs”?
➡ https://en.paperjam.lu/article/jargon-buster-exchange-traded-
Delano has been unpicking some of the terminology that can make the financial sector difficult for outsiders to follow. In this instalment: “alpha” and “beta”.
➡️ https://en.paperjam.lu/article/jargon-buster-alpha-beta-2024
🇱🇺 For the past eight years, Digital Inclusion has been working with 's family affairs ministry to promote digital literacy. Director & founder Patrick de la Hamette talks about the challenges of digital inclusion at a time when AI is reshuffling the cards.
For the past eight years, Digital Inclusion has been working with the family affairs ministry to promote digital literacy. Its director and founder, computer scientist and former civil servant Patrick de la Hamette, talks about the challenges of digital inclusion at a time when artificial intelligen...
🇱🇺 This weekend, take to the streets & enjoy a host of outdoor activities! From the Bartrenger Village Festival, with its entertainment and local specialities, to the “Kanner in the City” games festival for children, open-air cinema screenings, concerts & art exhibitions, here’s our selection of things to do in the Greater Region.
This weekend, take to the streets to enjoy a host of outdoor activities! From the Bartrenger Village Festival, with its entertainment and local specialities, to the “Kanner in the City” games festival for children, not forgetting the open-air cinema screenings, concerts and art exhibitions. Here...
🇱🇺 Sextortion, sadly, is on the rise. The advice of the expert is: if somebody gets n**e photos of you and tries to blackmail you with them, do nothing--except report the person and call the KJT right away.
Sextortion, sadly, is on the rise. The advice of the expert is: if somebody gets n**e photos of you and tries to blackmail you with them, do nothing--except report the person and call the KJT right away.
🇱🇺 🏠 rates in held steady at 4.8% from April to June 2024, resulting in lower loan volumes compared to the previous year. See data from the Luxembourg Central Bank (BCL) 👇
Mortgage rates held steady at 4.8% from April to June 2024, resulting in lower loan volumes compared to the previous year. This suggests that loan volume recovery could occur if rates decrease.
🇱🇺 New to or looking to redecorate? Here’s a list of stores to help you find exactly what you need to reinvent or settle down in your space.
Here’s a list of stores to help you find exactly what you need to reinvent or settle down in your space.
🇱🇺🚘 Moving to comes with many administrative tasks. Two big ones are switching your driving credentials and registering your vehicle.
Moving to Luxembourg comes with many administrative tasks. Two big ones are switching your driving credentials and registering your vehicle.
🇱🇺🚲🇱🇹 Pit Dahm & Ken Rischard are cycling from to Lithuania--and raising money for the Plooschter Projet, which boosts awareness around and encourages people to register as bone marrow donors.
Pit Dahm and Ken Rischard are cycling from Luxembourg to Lithuania--and raising money for the Plooschter Projet, which boosts awareness around and encourages people to register as bone marrow donors. We caught up with the two of them during their lunch break in Cologne, Germany on day two of their 1...
🇱🇺🥛 Founded 130 years ago, Luxlait now produces 180m litres of milk & generates sales of €160m annually. In an interview, CEO Gilles Gérard, championed the farming association model & explains how the company is constantly seeking to reinvent itself.
Founded 130 years ago, Luxlait now produces 180m litres of milk and generates sales of €160m annually. In an interview, its CEO, Gilles Gérard, championed the farming association model and explains how the company is constantly seeking to reinvent itself.
🇱🇺 Discover the best of ’s local products and delights 🥂🥛🍺🍯🌭🍏👇
Discover the best of Luxembourg’s local products and delights.
🇱🇺🌱 Here are a few tips on reducing your ecological footprint in .
Here are a few tips on reducing your ecological footprint in the grand duchy.
🇱🇺🎵 For the last decade at least, has consistently produced and exported fantastic jazz musicians, far more than one would reasonably expect from a tiny country. How is this happening?
For the last decade at least, Luxembourg has consistently produced and exported fantastic jazz musicians, far more than one would reasonably expect from a tiny country. How is this happening?
🇱🇺📖 We spoke to Anne-Marie Reuter about her debut novel, a science fiction saga that asks readers: Can you trust your memories?
We spoke to Anne-Marie Reuter about her debut novel, a science fiction saga that asks readers: Can you trust your memories?
🇱🇺 There are many cool places to visit and relax in in your free time. Here are a few places we recommend 👇
There are many cool places to visit and relax in Luxembourg in your free time. Here are a few places we recommend.
🇱🇺🍽️ Giuseppe Parrino, who has run Ristorante Roma on Rue Louvigny since 2000, will be handing over the reins on 1 August. The historic city centre institution is being taken over by businessman Paul Mreches.
Giuseppe Parrino, who has run Ristorante Roma on Rue Louvigny since 2000, will be handing over the reins on 1 August. The historic city centre institution is being taken over by businessman Paul Mreches.
🇱🇺🛒 German discount chain Lidl has announced the introduction of automatic self-checkouts in its shops, a first for the chain in the country.
German discount chain Lidl has announced the introduction of automatic self-checkouts in its shops, a first for the chain in the country.
🇱🇺 Between the return of the Cinémathèque’s open-air cinema, the launch of the 2024 Olympics with live broadcasts & the start of the Congés Annulés concerts at the Rotondes, there’s no reason to get bored! Here's what's on in this weekend.
This weekend, Luxembourg is full of must-see and must-do activities! Between the return of the Cinémathèque’s open-air cinema, the start of the 2024 Olympics with live broadcasts and the start of the Congés Annulés concerts at the Rotondes, there’s no reason to get bored! Here are the not-to...
🇱🇺🏘️ From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: property types, from expensive to bang-for-your-buck.
From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: property types, from expensive to bang-for-your-buck.
🇱🇺🌍 ’s passport has climbed to third place in the latest Henley Passport Index, sharing the position with six other countries, and reflecting an improved ranking in global visa-free access.
Luxembourg’s passport has climbed to third place in the latest Henley Passport Index, sharing the position with six other countries, and reflecting an improved ranking in global visa-free access.
🇱🇺📚 From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: schools, from local to exclusive.
From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: schools, from local to exclusive.
🇱🇺🎵🎡 Every month, Paperjam selects the must-see events on ’s cultural scene. Here's what's on in August & September 👇
Every month, Paperjam selects the must-see events on Luxembourg’s cultural scene.
🇱🇺🚘 Benji Kontz has confirmed the sale of the Arnold Kontz group’s automotive activities--Jaguar, Land Rover, Aston Martin and Lotus--to the Belgian Louyet group for an undisclosed sum.
Benji Kontz has confirmed the sale of the Arnold Kontz group’s automotive activities--Jaguar, Land Rover, Aston Martin and Lotus--to the Belgian Louyet group for an undisclosed sum.
🇱🇺 From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: civil society touchpoints, from your backyard to the distant shores of your homeland.
From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: civil society touchpoints, from your backyard to the distant shores of your homeland.
🇱🇺 From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: music venues, from cosy to wild.
From the 2024 Paperjam Expat Guide comes “the gamut,” a simplified spread of items on a particular theme. Up today: music venues, from cosy to wild.
🇱🇺📽️ is out in force at this year’s Venice Film Festival, with five immersive films from the country selected for the competition.
Luxembourg is out in force at this year’s Venice Film Festival, with five immersive films from the country selected for the competition.
🚙 Between the advice from an adventurous geek and that of the colleague who’s stressed as soon as they've driven 20 kilometres, how do you find your way?
Between the excitement of your annual roadtrip to southern Italy and the fear of your new electric car breaking down, your heart is palpitating. Between the advice from an adventurous geek and that of the colleague who’s stressed as soon as she’s driven 20 kilometres, how do you find your way?
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#JustReleased 🆕 Delano’s Winter 2024, which features 100 top personalities in #Luxembourg’s technology sector, is available on newsstands starting 23 November 2023. 🇱🇺 Information & communications technology represents roughly 5% of the grand duchy’s workforce and budgets worth millions of euros, keeping mission-critical systems humming across every sector in the economy. Who are some of the key players in this essential sector? Find out in Delano's latest issue ➡ https://delano.lu/article/delano-s-100-technology-influe
#JustReleased 🆕 Delano’s Autumn 2023, which features 100 movers & shakers in #Luxembourg’s financial sector, is available on newsstands starting 22 September 2023. Luxembourg’s financial industry contributes a quarter of value-added GDP and directly & indirectly employs roughly 30% of the country’s workforce. Who are some of the key decision-makers in this vital sector? Find out in Delano's latest issue ➡ https://delano.lu/article/delano-100-finance-movers-shak
#JustReleased 🆕 Delano’s Summer 2023, with a special focus on insights, tips & advice for expats, is available on newsstands starting 14 July 2023. From finding fresh produce to figuring out recycling, property prices & keeping fit, things can be tricky when you’ve recently arrived in a new country. Thankfully, there’s a Delano guide to help with that! ➡️ https://delano.lu/article/delano-expat-guide-2023-24-hit
#JustReleased 🆕 Delano’s Spring 2023, with a special focus on alternative investments, is available on newsstands starting 24 March 2023. In its latest issue--with a whole new format--Delano explores how private equity, private debt, infrastructure and real estate funds are changing the grand duchy’s financial sector ➡ https://buff.ly/3FJqRLv
#JustReleased 🆕 Delano’s 𝟮𝟬𝟮𝟯 forecast edition, featuring Justine Yansenne of Allen & Overy on the cover, is available on newsstands starting 9 December 2022. Nearly 60 #Luxembourg leaders share their perspective on the year ahead in Delano’s 2023 forecast edition. Justine Yansenne, a junior associate at the law firm of Allen & Overy, recently came in second place in the Young European Lawyers Contest, where she was honoured with a best speaker award. In the cover interview for Delano’s special 2023 forecast issue, Yansenne moots the future of mergers and acquisitions, capital markets, investments and more. Then experts in finance, business & economy, tech & innovation, politics, culture & lifestyle and holidays & travel share their own prognoses for the coming year. To what extent will the financial centre help buffer inflationary shocks and a possible recession? How are companies acquiring and retaining talent? What can be done within the grand duchy to attract top talent, given such challenges like housing? As many experts fairly told us, there’s no crystal ball… but the participants in this issue have genuinely taken the time to reflect on what could be in store for 2023 so we can all be as best prepared as possible. 📱 Read the magazine online ➡️ https://delano.lu/magazine 📬 Subscribe ➡️ https://eshop.maisonmoderne.lu/products/delano/en
#JustReleased 🆕 For its December cover interview, Delano spoke with Banque de Luxembourg director and head of business development Lucienne Andring on why private banks need private market funds to keep pace with their clients. Providing access to private market funds may be a “niche” part of the alternatives space, but it could be the key to keeping private banks relevant, according to Andring. Also in this issue: 💶 LSAP president Yves Cruchten talks about rethinking the current tax system; 📒 A business report about the rise of B Corps, with Innpact, GoToFreedom and Seismic business leaders weighing in; 💬 Amrop’s Gabriela Nguyen-Groza on the need for private market investors to step up their “people due diligence” practices; 💬 A conversation with HEC Liège Luxembourg’s Zoltan Horvath and Jens Hoellermann about the school’s private equity certification getting a critical boost; 🍺 Brasserie Nationale’s Mathias Lentz reflects on a “positive year” after two challenging ones and what’s in store for the brewery for 2023, including international expansion; 🔍 ⚽ A focus on Fifa spending and the Luxembourg Football Federation in numbers, ahead of the World Cup in Qatar; 🔍🩺 An essay on attracting medical professionals to the grand duchy, as population is expected to rise; 🇷🇴🇱🇺 Razvan-Petru Radu, president of the Romania Luxembourg Business Forum (RomLux), on 15 years of economic relations between the two countries; 🗳️ Deputy director of the Zentrum fir Politesch Bildung Michèle Schlit on promoting citizenship through a better understanding of democracy; and more. Read Delano online ➡️ https://delano.lu/magazine Subscribe to Delano ➡️ https://eshop.maisonmoderne.lu/
#JustReleased 🆕 For its November cover interview, Delano spoke with Grand Duchess Maria Teresa on how the Stand Speak Rise Up! association gives a platform to the victims of sexual violence in wartime. Grand Duchess Maria Teresa says there needs to be a “move from emotion to action” to help survivors of violence against women as a weapon of war. On 15 October she held a gala in honour of the cause in Biarritz, France, with a range of invitees, including UN Special Representative of the Secretary-General on Sexual Violence in Conflict, Pramila Patten, who is also interviewed as part of this cover story. Also in this issue: 💬 Mouvement Ecologique’s Blanche Weber and Christophe Murroccu review commitments made at COP26, with one eye on the upcoming COP27 set to take place in Egypt; 🔍 An essay on Luxembourg City’s path to becoming a smart(er) city; 💬 An interview with Silke Bernard, global head of the investment funds practice at the law firm Linklaters, in advance of the Alfi Swiss roadshow taking place 8-9 November; 🎨 The spicy programme for this year’s Luxembourg Art Week and more on the first-ever Lëtzebuerger Konschtpräis (Luxembourg art prize), as explained by director Leslie de Canchy; ✅ More on the role of chief sustainability officers and other trends in this domain; 💬 An interview with Pascal Steichen, CEO of the newly inaugurated Luxembourg House of Cybersecurity, on how SMEs in particular can be more cyber resilient; 🍲 Catering solutions for business events; and 📝 Tips for small businesses and more; Read Delano online ➡️ https://delano.lu/magazine Subscribe to Delano ➡️ https://eshop.maisonmoderne.lu/
#JustReleased 📣🆕 Delano’s October edition is available on newsstands across #Luxembourg as of 16th September. From an in-depth interview with European Investment Bank president Werner Hoyer to a dashboard on back-to-school figures, we have stories that matter to you. Get informed, get surprised and get joy out of our latest offering. 📱 Read it online ➡️ https://delano.lu/magazine 📬 To subscribe ➡️ https://eshop.maisonmoderne.lu/products/delano/en
🇱🇺 🏳️🌈 In this episode of newsmakers Rosa Luxembourg’s Nicolas Van Elsué talks LGBTI+ issues in Luxembourg. Tune in on Spotify, Apple podcasts and everywhere else. #Luxembourg ➡️ https://bit.ly/3OWVa3r
delano_lu #JustReleased 🆕 For its July 2022 cover interview, Delano spoke with IBLA competence centre director Stéphanie Zimmer on the science, vision and conviction required for a circular approach to sustainable agriculture. With subsidies increased in the past year and heightened demand to transition to organic farming--coupled with the war in Ukraine putting market pressure on energy and food--the director for the IBLA - Institut fir Biologësch Landwirtschaft an Agrarkultur Luxemburg, Stéphanie Zimmer, shares more about the projects the centre is doing and helps debunk some myths around related topics. Delano also spoke with Luxembourg for Tourism CEO Sebastian Reddeker about the hit the tourism industry took during the pandemic, plus the strategy in attracting visitors anew. 👀 Also in this issue: ▪️ An essay on whether the UK is regaining competitiveness as a financial jurisdiction, six years after the Brexit vote; ▪️ A business report on private equity's new investors; ▪️ Digital expert Claude Folschette talks about the game-changing power of enhanced search engine optimisation (SEO); ▪️ Alfi vice chair Maria Löwenbrück reveals how Luxembourg alternative funds have huge potential in Germany, ahead of Alfi's Frankfurt roadshow taking place on 27 June; ▪️ A head to head on LGBTQI legislation versus reality, with family minister Corinne Cahen (DP) and Rosa Lëtzebuerg's Nicolas Van Elsué; ▪️ French ambassador Claire Lignières-Counathe reflects on the highlights of her country's EU council presidency as it comes to a close; ▪️ Opderschmelz director John Rech on the Fête de la Musique and the grand duchy's music scene; ▪️ A dashboard further fleshing out inbound and outbound tourism stats; ▪️ Mouth-watering African dishes and a highlight on South African wines; ▪️ Three expats and a Luxembourger share their perspectives on celebrating grand duchy's national day. Read Delano online ➡️ delano.lu/magazine S
🇱🇺 🎙 With businesses but also employees leaning more towards sustainable practices, Delano’s Teodor Georgiev sat down to discuss the topic with Sophie Öberg, deputy director of Ims Luxembourg, a network of companies involved in corporate social responsibility. #Luxembourg
🗣 🇩🇪 🇫🇷 🇱🇺...Multilingual reporter Philip Crowther speaks 6 to 7 languages and is about to learn more. Watch this video to find out which one he is currently learning. To see who's also been there, click here 👉🏼https://delano.lu/article/multilingual-reporter-philip-c
🆕 For its June 2022 cover interview, Delano Magazine spoke with Luxembourg City mayor Lydie Polfer, on participatory meetings, mobility and security challenges, and the capital’s cosmopolitan population. With just one year until the local elections in 2023, Polfer and her council face some challenges. Meanwhile, she says citizens’ participation meetings are a chance for the administration to take residents’ real concerns into account. Delano also spoke with Serge Weyland, CEO of Edmond de Rothschild Asset Management Luxembourg, on the signs that distributed ledger technologies are actually starting to take off in the grand duchy’s fund sector. Also in this issue: 🔍 An essay on how companies can harness the power of strategic foresight; 💬 An interview with the Chamber of Commerce’s Sabrina Sagramola on the Luxembourg pavilion at the Hannover Messe, which takes place 30 May to 2 June; 💬 Mayor of luxembourg’s smallest commune Jean Konsbruck on Saeul and communal issues; 💬 Gianluca Frena, Alfi member, on the distinction between sustainability risk and ESG; 💬 An interview with François Reinert in advance of the Musée Dräi Eechelen celebrating 10 years this July; 📩 A dashboard revealing foreigner participation in voting, counting down to local elections; ✅ A business report on sustainability, featuring Sophie Öberg of IMS Luxembourg, Claude Turping of Valorlux and Orange Luxembourg CEO Corinne Lozé; 👑 Mars Di Bartolomeo and Léon Gloden go head to head on the future of the monarchy; 🛍 Four pop-up store owners provide a glimpse into the short-term retail model; and ✈️ Tips for dining near the airport. Read Delano online ➡️ https://delano.lu/magazine Subsribe to Delano ➡️ https://buff.ly/3x6rrNz
🎙 With concerts back in full force Delano's Teodor Georgiev sat down with den Atelier managing partner Michel Welter to talk about the music industry's return in this episode of Newsmakers. https://bit.ly/3MaPUrU 🎧 Tune in on Spotify, Apple podcasts and all other platforms.
🇱🇺 🎙 In this episode, Ashanti Berrend, a Social worker from Croix-Rouge luxembourgeoise dispensary DropIn shares her knowledge on the reality of sex workers in #Luxembourg. Tune in on Spotify and on all other platforms. ➡️ https://bit.ly/3rWEAb4
🆕 For its May 2022 cover interview, Delano spoke with #Luxembourg’s energy minister on speeding up the green transition and how the current crisis should push Europe to decarbonise. The war in Ukraine has thrown Europe into an energy crisis, highlighting its dependence on Russia. Luxembourg energy minister Claude Turmes (déi gréng) wants to seize the opportunity to exit fossil fuels and speed up the green transition. 💬 Delano also spoke with... • Carine Feipel, the chair of the Luxembourg Institute of Directors (ILA), about how ESG criteria are changing the roles of company directors particularly in the financial sector. In this issue, you can also explore: • An essay investigating whether investors can step up to the challenge of solving Europe's refugee crisis and what role social impact bonds could play; • National Youth Council of Luxembourg (De Jugendrot) president, Mathis Godefroid’s take on the role of youths in politics, the current European Year of Youth and some concrete measures he envisages will emerge during the year; • Plans by Maana Electric to revolutionise how solar panels are produced, for both on-the-ground and space uses. Co-founder and entrepreneur Fabrice Testa shares more about this vision; • The connection between rising cyberattacks in Europe, the oil price surge and the Russia-Ukraine warfare. Viktor Klymonchuk, chief technology officer at Cléman Consulting, an IT advisory firm, and a native Ukrainian shares more; • A dashboard showing established trends observed in the creation and liquidation of companies in Luxembourg across sectors and based on company maturity, and in comparison with other countries around the world; • A business report on sports business and how technology is starting to seriously change the industry; • Déi Lénk MP Nathalie Oberweis Tshinza and déi Gréng MP Stéphanie Empain go head to head on the future of green defence in Luxembourg; • Reimagining the office experience through
🎙 Tune in on Spotify and listen to former US ambassador to Luxembourg David McKean's conversation with Delano magazine editor-in-chief Natalie Gerhardstein about his newest book which recounts the start of World War II through the eyes of four 🇺🇸 ambassadors. U.S. Embassy Luxembourg ➡️ https://spoti.fi/3JAT6uU
🎙🇱🇺 A shorter attention span impacts children’s education and even their critical thinking, so we sat down with John Mikton, an educator from the International School of Luxembourg with 30 years of experience to talk about all of that. Tune in on Spotify to hear more. ➡️ https://spoti.fi/3Dq8IzP
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If you have an event or announcement that you think Delano should cover, send us a Facebook direct message or an email: [email protected] Delano Magazine is published by Maison Moderne: www.maisonmoderne.com
