Group

Neumünster Abbey provides a historical setting for the formal reception on 15 October 2007 in Luxembourg

15 October 2007

In order to be able to fully exploit international growth opportunities in the future, Sal. Oppenheim moved the Group headquarters to Luxembourg with effect from
1 July 2007. On 15 October, the personally liable partners of the newly formed Sal. Oppenheim jr. & Cie. S.C.A. officially introduced themselves to representatives of the Luxembourg government, the European parliament and the financial centre of Luxembourg at a formal reception in the historical setting of Luxembourg’s Neumünster Abbey.

As the seat of many EU institutions and home to over 150 banks, Luxembourg is an ideal location for the further expansion of our international business. It gives Sal. Oppenheim the opportunity to develop its tried and tested integrated asset management and investment bank business model both within Europe and beyond. With this strategy, the Bank is responding to the demands of a client base for which international standards have long been a matter of course.
Sal. Oppenheim already generates more than a third of its revenue in markets outside of Germany. This should increase to around 50 % in the medium term.

Matthias Graf von Krockow, spokesman for Sal. Oppenheim’s personally liable partners, expressed his thanks for the warm welcome to Luxembourg in his speech to around 400 guests representing politics, business and the community, and spoke of another clear example of our ties to the Grand Duchy:
Sal. Oppenheim plans to support future generations in the financial sector with a donation of € 1 million to the Luxembourg School of Finance (LSF) foundation. The LSF’s best research publication will be awarded the Oppenheim Prize each year from now on.

Friedrich Carl Freiherr von Oppenheim, Chairman of the Shareholders' Committee

From left to right: Christopher Freiherr von Oppenheim, Personally liable partner, Jean-Claude Juncker, Prime Minister of the Grand Duchy of Luxembourg, Luc Frieden, Minister of Jsutice and Minister for the Budget

From left to right: Detlef Bierbaum and Dieter Pfundt, Personally liable partners

Georg Baron von Ullmann, Chairman of the Supervisory Board

Friedrich Carl Janssen, Personally liable partner

Jean-Claude Juncker, Prime Minister of the Grand Duchy of Luxembourg

Matthias Graf von Krockow, Spokesman for Sal. Oppenheim's Personally liable partners

Presenting the cheque to Lucien Thiel, President of the Luxembourg School of Finance Foundation

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