Bank trusts are essential players in the wealth management space. Acting as fiduciaries, these institutions support families, individuals, and organizations with estate planning, asset protection, and long-term wealth preservation strategies.
For investment managers, identifying the right bank trust relationships (especially across international markets) can be complex. These firms often operate behind the scenes, with limited public visibility. Dakota Marketplace helps simplify the search by offering verified data, allocator context, and direct contact information, all in one place.
In this article, we are giving you a list of the top bank trusts in Luxembourg. To see the full list, you can view it in Dakota Marketplace.
AUM: $98.5B
Metro: Luxembourg
Quintet Private Bank, headquartered in Luxembourg, is a pan-European private banking group that operates under the ownership of Precision Capital, which holds 99.9% of the bank. The bank is structured as a group of national private banking subsidiaries across Europe, including Quintet Private Bank S.A. (Luxembourg), Puilaetco (Belgium), InsingerGilissen (Netherlands), Merck Finck Privatbankiers (Germany), Brown Shipley (United Kingdom), and Quintet Danmark (Denmark). As of December 31, 2024, Quintet reported total client assets exceeding €100.6 billion, with a net profit of €68 million and a strong capital position indicated by a CET1 ratio of 20.3% and a consolidated Tier-1 ratio of 24.4%. The bank focuses on high-net-worth individuals, families, and institutional clients, providing a range of wealth management services across more than 30 cities in Europe and the UK.
AUM: $49B
Metro: Luxembourg
Banque Internationale à Luxembourg S.A. (BIL) is the oldest private bank in Luxembourg, functioning as a universal banking group that encompasses retail banking, corporate and institutional banking, private banking, and wealth management. The bank is headquartered at 69, Route d’Esch, L‑2953 Luxembourg City. BIL is not publicly listed; since 2018, it has been majority-owned by Legend Holdings Corp., which holds approximately 89.9% of the equity, while the Grand Duchy of Luxembourg retains a minority stake of about 10%. BIL's consolidated balance sheet indicates total assets in the range of €30–30.6 billion, with reported revenues of €719 million and net income of €170 million for 2024. The bank's wealth management division, which includes private banking services, has reported Assets under Management (AuM) of €46.8 billion, positioning it as a significant player in the Luxembourg banking landscape. BIL serves a diverse clientele, including individuals, corporates, and institutional clients, with a primary focus on the Luxembourg market while also maintaining an international presence in regions such as Switzerland and Hong Kong.
AUM: $34.12B
Metro: Luxembourg
The European Investment Bank (EIB) is the lending arm of the European Union and serves as the core entity of the EIB Group, which includes the European Investment Fund (EIF). The EIB is owned by the 27 EU Member States and operates as a supranational multilateral development bank rather than a publicly listed commercial bank, meaning it does not have a market capitalization or ticker symbol. As of December 31, 2024, the EIB Group reported total loans disbursed of approximately €457,075 million and a balance sheet total of €556,442 million. The EIB is headquartered in Luxembourg and its operations span across all EU member states and various partner countries globally. The institution focuses on long-term project financing, guarantees, and investment funds that align with EU policy priorities, such as climate action and infrastructure development. The EIB does not operate a wealth management division or serve individual private clients, which distinguishes it from traditional commercial banks.
AUM: $33B
Metro: Luxembourg
The European Investment Fund (EIF) is an international financial institution established in 1994 and headquartered in Luxembourg. It specializes in providing risk finance to small and medium-sized enterprises (SMEs) across Europe. The EIF operates as a specialized investment institution and is part of the EIB Group, with the European Investment Bank (EIB) as the majority shareholder, holding approximately 59–62% of shares, while the European Union, represented by the European Commission, holds around 29.7%. The remaining shares are held by various public and private financial institutions. As of December 31, 2023, the EIF's total assets amounted to approximately €6.55 billion, while its assets under management (AUM) were reported to be between €82.3 billion and €90.9 billion, reflecting its extensive involvement in managing funds and commitments through intermediaries. The EIF does not operate a retail wealth management division and instead focuses on venture capital, private equity, guarantees for SME lending, and microfinance. Its operational reach extends across the European Union and associated countries, leveraging partnerships with financial intermediaries rather than maintaining a retail branch network.
AUM: $12.5B
Metro: Luxembourg
Banque de Luxembourg S.A. is a Luxembourg-based private bank and wealth manager, specializing in private banking and asset servicing for wealthy families, entrepreneurs, and professional clients. Established in 1920 and renamed in 1978 from Banque Mathieu Frères, it became a wholly owned subsidiary of the Crédit Mutuel – CIC group in 2002. The bank operates five principal business lines: Private Banking, Businesses & Entrepreneurs, Professional Banking, Asset Management, and Financing. With its headquarters located at 14 Boulevard Royal, L-2449 Luxembourg, Banque de Luxembourg emphasizes its long-standing heritage in private banking and its strategic focus on serving high-net-worth clients across Europe, particularly in Belgium. The bank does not operate as an independent publicly traded entity, and specific asset and scale metrics, such as total assets and assets under management, are available in its formal financial disclosures.
Many of the firms listed here can be explored further in Dakota Marketplace, including key contacts and allocator insights.
AUM: $4.87B
Metro: Luxembourg
Banque et Caisse d’Épargne de l’État, Luxembourg, commonly known as Spuerkeess, is Luxembourg’s state savings bank and a full-service commercial bank. It operates as an autonomous public establishment wholly owned by the Grand Duchy of Luxembourg, with Françoise Thoma serving as the Chief Executive Officer. The bank, which dates back to February 21, 1856, has statutory missions that include promoting savings, facilitating access to housing, and supporting the national economy. As of 2024, Spuerkeess reported total assets of approximately €57 billion, with customer deposits around €42 billion and outstanding loans of about €27 billion. The bank is not publicly traded and therefore has no market capitalization, being entirely state-owned. Its headquarters is located at 1 Place de Metz, L-2954 Luxembourg, and it primarily serves a domestic client base through a network of retail branches. Spuerkeess is designated as a Significant Institution under the Single Supervisory Mechanism and is directly supervised by the European Central Bank. The bank offers private banking and wealth management services integrated within its universal banking model, supported by its asset management subsidiary, BCEE Asset Management.
AUM: $4.7B
Metro: Luxembourg
Banque Degroof Petercam Luxembourg S.A. is the Luxembourg banking arm of the Degroof Petercam group, a well-established Belgian investment house founded in 1871. The organization operates from the La Cloche d’Or business park in Luxembourg City and comprises three legal entities: Banque Degroof Petercam Luxembourg S.A., Degroof Petercam Asset Services S.A., and Degroof Petercam Insurance Broker S.A. The bank employs over 430 people and does not publish a separate total assets figure for its Luxembourg entity. As of December 31, 2024, the group reported approximately €64 billion in client assets, with significant contributions from its Asset Management and Asset Services divisions, which reported €50.3 billion and €52.6 billion respectively. Following a majority-stake acquisition by Indosuez Wealth Management, a subsidiary of Crédit Agricole, the Luxembourg operation has been integrated into the Indosuez Wealth Management brand, positioning it as a regional European wealth management hub.
AUM: $1B
Metro: Luxembourg
Societe Generale Luxembourg operates as the Luxembourg arm of the Societe Generale group, a publicly traded French banking group listed on Euronext Paris under the ticker GLE. As of December 31, 2023, the bank reported total assets of approximately EUR 66 billion and a net income of EUR 544 million. The Luxembourg franchise employs around 1,700 people and serves as one of the largest banking groups in the region. Societe Generale Private Banking (SGPB) Luxembourg is positioned as a continental European private banking center, providing comprehensive wealth management solutions to high-net-worth individuals, corporate clients, and financial intermediaries across 69 markets. The Group reported EUR 154 billion in assets under management (AUM) for its private banking network at the end of 2024, reflecting the scale and strategic importance of the Luxembourg entity within the Group's overall operations.
AUM: $1B
Metro: Luxembourg
Banque Havilland S.A., now operating under the name Rangecourt S.A., is a Luxembourg-registered private bank that historically specialized in private banking, wealth management, and asset management for high net worth individuals and institutions. The bank is incorporated in Luxembourg and has its headquarters at 35a, avenue J.F. Kennedy, L-1855 Luxembourg. It was a wholly owned subsidiary of Havilland Group S.A. and had two reported banking subsidiaries: Banque Havilland (Monaco) S.A.M. and Banque Havilland (Liechtenstein) AG. As of 2023, the bank reported total assets of approximately €724 million, indicating its position as a small-to-mid-sized player in the Luxembourg banking sector. Following regulatory intervention in August 2024, the bank ceased regulated banking activities and is currently in a wind-down phase, focusing on the orderly resolution of remaining obligations under its new identity as Rangecourt S.A. The bank historically positioned itself as a boutique private bank serving high net worth clients, with operations extending to Monaco, Liechtenstein, Switzerland, and the United Arab Emirates.
AUM: $1B
Metro: Luxembourg
Banco Bradesco Europa S.A., commonly known as Bradesco Europa, is the Luxembourg-based European banking subsidiary of Banco Bradesco S.A., a major Brazilian banking group. The bank operates as a commercial entity focused on private banking, asset management, trade finance, corporate lending, interbank operations, and treasury activities. It is headquartered in Luxembourg, with registered addresses at 15 Avenue John F. Kennedy and 25 Rue Edward Steichen. As of 2024, the bank reported shareholders' equity of approximately €363.72 million and a profit of €22.04 million. It employs around 67 staff members and is positioned as the 42nd largest bank in Luxembourg by total assets, reflecting significant year-on-year growth. The wealth management division emphasizes cross-border solutions between Brazilian and European clients, serving high-net-worth individuals and corporate clients. The bank does not trade separately on public markets, and its market capitalization is tied to its parent company, Banco Bradesco S.A., which has total assets in the hundreds of billions of euros.
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