Jeffrey Dentzer, who was named deputy CEO of Banque Internationale à Luxembourg in January 2024, has been named CEO of the bank, Bil announced in a press release on 22 May. Dentzer previously served as chief of Luxembourg market & CIB and member of the management board, leading retail banking, wealth management, and corporate and institutional banking activities.
“I would like to thank the board of directors, the executive committee and all staff of the bank for their trust,” Dentzer commented in the firm’s communiqué. “I look forward to working together to bring our clients excellent services and products that will support them in their projects and contribute to the development of Luxembourg’s economy.”
Dentzer will replace who has been CEO of Bil since May 2019. Leyers has now retired from executive management and has been appointed chair of the board of directors. Leyers is taking over from Jing Li, Legend Holdings, who has served as chair ad interim since March 2023 and who will now become vice-chair of the board of directors. Leyers began his career at Bil in 1983, working as a relationship manager and head of corporate and institutional banking (starting in 2011). He became part of the executive committee in 2013.
“This change in leadership has been carefully prepared,” said Leyers. “With Jeffrey Dentzer, I am confident we have the right person to lead Bil towards its next success chapters and to overcome the many challenges that no doubt will arise. He has demonstrated a deep knowledge of all our businesses and his ability to steer the teams in the right direction.”
Li, who is director of overseas investment at Legend Holdings, has been a member of the Bil board of directors since July 2018. In July 2018, Legend Holdings received regulatory approvals from Luxembourg’s Financial Sector Supervisory Commission (CSSF) and the European Central Bank to acquire a 89.936% stake in Bil.
“As CEO of Bil, Marcel Leyers guided the bank successfully through the pandemic and a major IT transformation project,” said Li in the press release. “I would like to thank him for the tremendous work done. As he is stepping down as CEO, Jeffrey Dentzer is the perfect person to lead the bank in the new chapter of its sustainable growth story, together with the executive committee and all Bil staff. The expertise, experience and insights that both bring to the bank are invaluable, and I wish them success.”
Founded in 1856, Banque Internationale à Luxembourg in April 2024 for 2023, reaching €202m. It is present in Luxembourg, Switzerland and China and employs more than 2,000 people.