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BIL appoints two members to board
Banking

BIL appoints two members to board

by AH 09.01.2018 From our online archive
Banque Internationale à Luxembourg says it was 'important' to strengthen management team
BIL's Luxembourg headquarters (Pierre Matgé)

The Banque Internationale à Luxembourg (BIL) has appointed Stéphane Albert and Nico Picard to its 10-strong management board.

Pierre Malevez will leave the board and retire, BIL said in a statement.

"We felt it was important to strengthen our management team," BIL Chief Executive Hugues Delcourt said.

"I look forward to their respective contributions to the development and strengthening of our market position."

Luxembourger Picard has been deputy CFO at BIL since 2012.

Albert, who is French, has centred his work on risk and asset management. 

The management board deals with the daily management of the bank.