Our history in Luxembourg

SEB started its activities in Luxembourg in the 1970s. The modern bank of today is the result of a merger between two banks, namely SEB Luxembourg and BfG Luxembourg in 2001. Spanning more than 40 years, we have developed our offering according to the needs of our clients and have expanded our presence globally to Singapore, and lately also to the UK which forms part of SEB Group Global Private Banking. While corporate banking and interbank trading was the mainstay of the business of SEB until the early 1990’s, Wealth Management meaning private banking, fund administration and investor services to institutions around the world now constitute the pillars for SEB in Luxembourg.

Luxembourg is the second largest investment fund industry centre in the world after the United States, the premier captive reinsurance market in the European Union and the premier private banking centre in the Eurozone. The social and political stability of the Grand Duchy and the modern legal and regulatory framework have attracted banks, insurance companies, investment fund promoters and specialist service providers from all over the world.