The Luxembourg Stock Exchange (LuxSE) has appointed Alain Kinsch (pictured left) as chairman of its board of directors, replacing Frank Wagener (pictured right) who announced his plans to retire from the role last year.
Kinsch has more than 25 years’ experience in financial services. Kinsch currently serves on the board of several national and international companies as an independent director and is also vice president of the Luxembourg State Council.
From 2004 to 2020, he held a number of senior roles at EY. Most recently, he was country managing partner of EY Luxembourg, a role he held from 2009 to 2020.
Specialising in private equity, Kinsch also served as EY’s Private Equity fund leader for Europe, Middle East, India and Africa.
He is also the co-founder of the Luxembourg Private Equity & Venture Capital Association.
Commenting on his new role, Kinsch says: “With its central position at the heart of the financial ecosystem in Luxembourg, coupled with its international reach, the Luxembourg Stock Exchange has contributed greatly to the development of our financial centre, an objective I have personally been committed to for the past 25 years and look forward to pursuing in the new role.
Outgoing chairman Wagener comments: “It has been an honour for me to be the chairman of the Luxembourg Stock Exchange for the past 11 years. With his impressive professional career, and his in-depth knowledge of the Luxembourg financial centre and the needs of international clients, I am confident that my successor Alain Kinsch will bring complementary expertise and a fresh mindset to the board and provide support to CEO Julie Becker (pictured centre) and her leadership team.”
On the same day of Kinsch’s appointment, the Luxembourg Stock Exchange Group which consists of LuxSE and its wholly owned subsidiary Fundsquare, also published its financial results for 2021.
The group reported consolidated revenues of €55.4 million, representing revenue growth of 8.1 per cent compared to end of year 2020.
The group also reported a net profit of €13.5 million for 2021, up 20.5 per cent from 2020.
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