Introduction

In the wake of heightened competitivity, and the increased complexity of the regulatory environment, a need for qualifying structured professional training programmes has emerged. Wealth Management in Luxembourg, if it is to retain its success and expand, must therefore answer to a number of international criteria as well as meet the specificities of Private Banking in Luxembourg.

For this reason, the IFBL has set up a high-level training programme, with the support of the Private Banking Group, Luxembourg.

Structure and Contents

The complete pathway consists of the following distinctive parts, covering 195 hours:
DIAGNOSTIC PRIVATE BANKING ADVISER (2 HOURS)
After enrolling to the training course the candidate is requested to pass an evaluation of his technical knowledge in different domains and at different levels. This diagnostic is a prerequisite for his admission to the programme. It covers the following subjects:
• Financial knowledge
• Portfolio Management
• Personal loans
• Compliance and professional ethics
• Wealth engineering
Depending on his results a candidate may be invited to a personal interview with the course director before the IFBL informs him whether or not he has the prerequisites to participate in the training programme.
KICK-OFF SESSION (1,5 HOUR)
An information session takes place shortly before the actual beginning of the course in order to brief the participants about the practical and organisational aspects of the training. This debriefing gives the participants the occasion to socialise with their future classmates as well as with the course director and the IFBL staff.
COURSES AND WORKSHOPS (180 HOURS)
The actual training programme consists of 6 tuition blocks:

Knowledge Transfer Workshops
These workshops provide a practical implementation of a vast array of acquired knowledge and techniques, as well as an adequate level of competence pertaining to the previous 5 topics. The participants will be coached by experienced Senior Private Bankers and will be guided through practical issues pertaining to their daily work experience.

Audience and objectives

Target audience

Relationship Managers with 3 to 5 years of experience in Private Banking. Upon registration, candidates are required to indicate information about their educational background and their work experience. Admittance to the programme will be granted on the basis of the information provided and of the results achieved in a written diagnostic meant to assess their technical knowledge. These results may eventually lead to an interview with the course director before the candidate is given a definite recommendation.

In order to ensure an optimal teaching environment, the number of participants is limited to 25 per session.

Objectives

The purpose of this high-level training programme is to enhance the technical expertise of the participants in their function as relationship managers and client advisors and to provide a professional qualification in this field. The programme focuses on the Luxembourg legal and fiscal environment and grants a particular importance to all the practical skills which are essential for establishing a fruitful and long-lasting relationship with a wealthy private banking clientele.

Examinations

Written Examinations

4 out of the 6 tuition blocks prepare for a written examination:

• Legal an Regulatory Framework (3 hours)
• Portfolio Management (1.5 hours)
• Wealth Management (2 hours)
• Alternative Investments (1 hour)

Oral assessment

Participants, after having successfully passed the examinations of all the 4 tuition blocks, well performed in all the Knowledge Transfer workshops and attended the Interpersonal Skills course may apply to sit the final assessment.
The final assessment consists of an oral examination in front of a jury. It is based upon a case study handed out to assessment candidates a few weeks prior to their examination. The jury assesses whether or not a candidate possesses the knowledge, the attitude and the professionalism to be granted the qualification of “Certified Private Banker”.
If the jury is not satisfied with a candidate’s performance he may be granted a second chance by presenting another case study during a new session to take place within 3 weeks after announcing the results.
Candidates having successfully passed the assessment will be granted the “IFBL Certified Private Banker Diploma”.

Language

The IFBL Certified Private Banker is exclusively available in English.

Dates and registration fees

The 2012 session of the "IFBL Certified Private Banker" has been cancelled. The dates 2013 will be published on this website as soon as they are known.

Venue

The courses take place at the Training Center of LSC/IFBL, in the premisses of the Chamber of Commerce in Luxembourg.
Adress:
7, rue Alcide de Gasperi
L-1615 Luxembourg

Registration and contacts

Registration

To register for this training, please take the following steps:
1) download the registration form below and fill it in
Registrations on a private basis:
If your registration is accepted, IFBL will send the invoice to your address. Your registration will be final upon receipt of the registration fees by IFBL.
Registrations on a professional basis (via your employer):
The IFBL will send the invoice to your employer
2) send the form back to IFBL
- by fax: (+352) 46 50 19
- by mail: B.P. 13, L-2010 Luxembourg
- by e-mail: scan form and send it to customer@ifbl.lu

If you want to register for separate modules, please click on the modules listed under “Structure and contents”.

Registration deadline

Applications for the complete programme have to be submitted at the latest 2 weeks prior to the beginning of the course.

Conditions for cancellation

Regarding our cancellation policy, please read our General Conditions or refer to the FAQ.

Contact the Institute

For further questions related to this training programme, please contact our Customer Service by e-mail (customer@ifbl.lu) or by phone (46 50 16-1).