Sharing Luxembourg´s financial expertise to support developing countries

A group of senior management from banks across emerging financial centres have been attending a week long training in Luxembourg with the support of the Ministry of Finance.

The program, “How to shape the new future of your bank?” featured the participation of top CEOs and practitioners from across Luxembourg´s banking sector who shared their expertise and insight into global best practice.

Leading bankers from Moldova, Albania, Cape Verde, Kosovo, Benin, Macedonia, Mongolia, Serbia, Bulgaria and Estonia attended the series of roundtables and seminars focusing on corporate governance, compliance, risk and audit. Other topics addressed included leadership, how to build a network of international banks and the future of banking.

“It separates you from the day to day work and allows you to gain a deeper knowledge of the banking sector”, explains Chantsalmaa Munkhbaatar, Corporate Secretary of Khan Bank LLC in Mongolia. ”The hospitality of the people of Luxembourg and the willingness to teach what they have gained and what they have developed in the financial centre is very impressive “, adds Munkhbaatar.

“The seminar on leadership was most insightful to me as it really affirmed my belief that as a leader you need to be close to your people, you have to be very modest and be yourself”, explains Eric Obeng Saah, Deputy Managing Director of Orabank in Benin. “The networking, the experiences shared by professionals, and particularly the CEOs who were very down to earth was amazing”, enthuses Obeng Saah.

The course organised by ATTF (Financial Technology Transfer Agency) is one of a number of programmes and internationally recognised certifications in financial matters offered to more than thirty partner countries. Financed by the Luxembourg government, ATTF training aims to help strengthen the financial structure in developing countries and to support sustainable development. Top professionals from across Luxembourg lead the training that takes place in the city and across the globe enabling close contacts to develop and the knowledge transfer to continue.