The concept behind the Compagnie de Banque Privée (CBP) began with Marc Hoffmann’s and Norbert Becker’s observation that the operational model for private banking today is undergoing a profound transformation and that now is the right time for a new player capable of combining Luxembourg’s decades-old private banking tradition with a more Anglo-Saxon approach to the business; time for an entirely new bank with primarily local shareholders and a local decision-making structure; and time for a service model based on the principle of harmonisation of interests of all its stakeholders.
CBP holds significant equity capital, in the amount of 80 million Euro, which allows it to largely exceed the minimum solvency ratios demanded by the Luxembourg financial sector’s supervisory authorities, to offer its clients a consequential financial base and to have access to the resources necessary for its future development.
