Speaking to the business news channel from the Alfi roadshow in Singapore, Pierre Gramegna was asked for his sales pitch for Luxembourg as companies search for the next or new London, post-Brexit.

He skipped the pitch and instead said that while the UK was going to leave the EU, it would remain in Europe.

“We are keen to continue to work with London as a key financial centre,” Gramegna said, adding that London was the number 1 financial centre in the world and Luxembourg was number 2 in Europe.

“We have a lot of bridges we built together and we need additional and new ones in the future. Business always finds ways to expand and we want to be a natural partner for the UK in this new venture.”

The minister’s words come a short time after the world’s biggest insurance firm, AIG, announced it would open a subsidiary in Luxembourg to retain access to the EU post-Brexit.