The board of Luxembourg for Finance, the development agency for the grand duchy’s financial centre, has unanimously decided to appoint Tom Théobald as CEO, as announced on 26 February 2024.

“Tom Théobald has accompanied and contributed greatly to the work done by Luxembourg for Finance over the last years and is uniquely positioned to lead it on its successful journey,” commented finance minister (CSV) in a . “Our partners from Profil [which brings together representatives of the financial sector, and which created Luxembourg for Finance together with the government] and I look forward to continuing to work with him in implementing our ambitious agenda for developing Luxembourg’s financial centre.”

Théobald’s most recent position was at the ministry of finance, where he has been director for the development and promotion of the financial centre since 2019. Before that, he served as deputy CEO of Luxembourg for Finance from 2014 to 2019, held various roles at the ABBL, the Luxembourg Bankers’ Association, and worked as an attaché at the permanent mission of Luxembourg to the United Nations.

“We all congratulate on his appointment to a posting of central importance to the government’s priorities and thank him for the impressive work accomplished in the last 11 years,” added Roth. “Nicolas has indeed been instrumental in developing and strengthening Luxembourg’s role as a leading international centre for more than a decade.”

In early February, Mackel was to the European Union, which the prime minister Luc Frieden (CSV) made official last week.

“I look forward returning to Brussels and diving back into the issues that I have worked on intensely in my earlier professional life,” Luxembourg for Finance’s outgoing CEO said in a . “To my successor, Tom Théobald I can only express my heartfelt congratulations for this well deserved appointment. Enjoy the ride!”

Updated, Monday 26 February at 5:30pm, to correct the timing that Mackel’s appointment was confirmed