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1972 WAS A REMARKABLE YEAR

THE AIRBUS A300 FLEW FOR THE FIRST TIME
ATARI RELEASED THE ARCADE GAME PONG
HP INTRODUCED THE FIRST SCIENTIFIC HAND-HELD CALCULATOR
THE HIGHEST GROSSING FILM OF THE YEAR WAS THE GODFATHER
BY AGNETHA, BJORN, BENNY & ANNI-FRID ABBA WAS FORMED IN STOCKHOLM, SWEDEN
THE START OF THE EUROPEAN QUARTER IN LUXEMBOURG THE PALAIS DE JUSTICE OPENS IN KIRCHBERG
REPRESENTED BY VICKY LEANDROS LUXEMBOURG WINS THE EUROVISION SONG CONTEST 1972
BUT MOST IMPORTANT OF ALL, THE INTERNATIONAL BANKERS CLUB WAS BORN…

IBC – the very 1st executive club of the Luxembourg Financial Centre

In 1972, the Luxembourg financial sector was mainly Banks. Senior Executives did not have a distinct community with a platform to share common interests regarding the evolution of what was then becoming the International Financial Centre of Luxembourg, as it is today in the 21st century.

The International Bankers Club Luxembourg (“IBC”) was founded in 1972 on the initiative of the then honorary president, Mr. Constant Franssens, Managing Director of Kredietbank S.A. Luxembourgeoise. From then on, the IBC was recognised as a distinct community, the 1st and only executive club of the Luxembourg Financial Centre at the time.

The attached IBC communication from 1984 provides an overview as to where the IBC was positioned in March 1984, as Luxembourg continued to evolve as an International Financial Centre, before the first UCITS directive phenomenon and the ensuing development of Luxembourg as a leading global fund industry from 1988.

The conclusion of the letter still reflects the importance of the IBC today:

“In this important financial environment, the International Bankers Club has become the centre of contact for the Luxembourg financial community”

IBC in the 21st century

Today, the IBC membership base has evolved to a distinct International financial centre community – not only for Bankers – supported by over 200 members as at 4Q2024 – corporate and individual – from banks, asset management, asset servicing, fintech, audit firms, law firms, financial services, independent directors, etc.