The ESCP Business School is recognised as one of the world's best business schools with its six European campuses with à la carte and tailor-made training solutions.

A first initiative resulting from the cooperation will be an executive master in international asset management, providing managers in the field with a high-level training programme, which will be partly held in Luxembourg.

Speaking during the signing on Monday, chamber of commerce president Luc Frieden said: “To overcome the crisis, we need courage but also skills. And these skills can be acquired through academic programmes but also through continuing professional development.”