Kinsch will take over from Frank Wagener, who announced his plans to retire from the position in 2021 and who has been acting as chair of the LuxSE board of directors since 2011. “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,” he said regarding the new appointment.

Having worked at EY Luxembourg as country managing partner from 2009 to 2020, Kinsch also served as the big four company’s private equity fund leader for Europe during that period.

“With its central position at the heart of the financial ecosystem in Luxembourg coupled with its international reach and its ability to stay ahead of the curve, 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,” said Kinsch.

At LuxSE’s annual general meeting, the group reported consolidated revenues of €55.4m for 2021 representing a revenue growth of 8.1% compared to the previous year. That was coupled with reports of a net profit of €13.5m, up 20.5% from 2020. LuxSE welcomed 12,687 new securities on its markets and on the LuxSE Securities Official List, up 17% compared to 2020, making 2021 the strongest year for LuxSE in terms of new listings since 2008.