Tips and insights: An international career in Luxembourg

Ludwig Peene (MFM 2009) decided to jump-start his international career in 2010 by moving to the Grand-Duchée of Luxembourg; a small European country with a vibrant corporate expat community, only 2 hours by car from Brussels.  Ludwig is currently working as an Investment Manager at Andreas Capital and lives in Luxembourg since 2010.

Luxembourg is mainly known for the large European institutions and a dynamic international banking sector with 140+ banks.  Lately, Chinese commercial banks created job opportunities in Luxembourg by moving their European HQ to the capital to cover the European Market.

For FinTech opportunities, start your search at Technoport (www.technoport.lu), the luxfuturelab (www.luxfuturelab.lu) and Silicon Luxembourg (www.siliconluxembourg.lu).  The advantage of Fintech in Luxembourg is the financial know-how and dense network of bankers, lawyers and consultants, as well as the immediate international exposure to roll out a project. 

For corporate careers, Luxembourg is home to European Corporate HQ of Amazon, Arcelor Mittal, Fererro, i-Tunes, Metro, Microsoft, Paypal, Pfizer, RTL, Skype, Goodyear, SES, Dupont etc.  Have a look at the respective  company websites what careers are currently available.

There is also a substential audiovisual sector including film production and animated films, supported by the Film Fund Luxembourg (www.filmfund.lu) and the National Audiovisual Center of Luxembourg(www.cna.public.lu).

The hiring process in Luxembourg is slightly different due to the multicultural work environment. Beside having a good degree,  there is a strong emphasis on knowing three to five languages, including Dutch, English, French, German, Portuguese, Italian and Luxembourgish. 

If you want to work abroad, the legal framework changes from your own country.  Make your working papers and Visa in order, inform yourself about differences in tax rules and in the health insurance system (www.cns.lu), as well as differences in unemployment rules and pension rights.

To have a good idea what jobs are available, have a look at www.monster.lu and the linkedin jobs section.   Also, you can use a headhunter if you have a specific skill to sell and want to continue working in your field. 

In 2014, Ludwig Peene took up a new role as Investment Manager and is a member of the investment committee at Andreas Capital (www.andreas-capital.com) in Luxembourg.  The asset management company is specialized in liquid asset management with mandates from private individuals, families, several listed and unlisted funds,as well as hedge funds based in the Grand-Duchée of Luxembourg. 

Before joining Andreas Capital in 2014, Ludwig Peene has over 5 years experience in International Banking and Capital Markets.  Ludwig worked at BNP Paribas since 2010, where he enrolled in the Graduate Program and later worked as a Relationship Manager advising Corporate Clients and as an Investment Advisor for Private Clients.  In his free time, Ludwig likes Volunteering and Fundraising Activities.

Feel free to contact Ludwig via ludwig.peene@andreas-capital.com or by telephone +352 661 108 128.

 

 

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