The Board of Directors at Sal. Oppenheim jr. & Cie. (Luxembourg) S.A. has appointed Dr. GÃ¼nther M. Baur (43) as new Managing Director.
Dr. GÃ¼nther M. Baur takes over responsibility for Private Banking from Mr. Mirko von Restorff (65), who will be retiring from active professional life at the end of the month. Dr. GÃ¼nther M. Baurâs colleagues on the Executive Board at Sal. Oppenheim jr. & Cie. (Luxembourg) S.A. are FranÃ§ois Pauly as Administrateur-DÃ©lÃ©guÃ© and Alfons Klein (IT &
âIt is a great pleasure for me, and a challenge,â commented Dr. Baur, âto have the opportunity to take part in the development and expansion of business activities at such a renowned and respected private bank as Sal. Oppenheim. In Luxembourgâs financial centre, with its international and solid character, I see first-class opportunities for offering individual and tailored support and advisory services to our high-networth private clients.â
Prior to joining Sal. Oppenheim, Dr. GÃ¼nther M. Baur served 13 years at Deutsche Bank AG, most recently holding the post of Managing Director in Private Wealth Management at Deutsche Bank Luxemburg S.A..
Sal. Oppenheimâs activities in Luxembourg today are focused on asset management and advisory business for a demanding private client segment, as well as safe custody business for mutual funds and special funds. Private Banking activities are oriented around affluent private
clients from Luxembourg and abroad.
The private bank Sal. Oppenheim jr. & Cie. was one of the founding shareholders in Banque Internationale Ã Luxembourg in 1856 and has had a presence in the Luxembourg banking community since 1973 with its own subsidiary, Sal. Oppenheim jr. & Cie. (Luxembourg) S.A.. The Luxembourg subsidiary currently manages assets of approximately
â¬6 billion, and employs 104 staff.
Source: Sal. Oppenheim