Ministry of Finance Luxembourg establishes Advisory Board on AI in Finance

The Advisory Board brings together senior leaders from the international financial sector and academia. It will advise the Minister of Finance, Gilles Roth, on the strategic development and responsible deployment of AI in financial services, supporting Luxembourg's competitiveness, resilience, and value creation for the economy and society.

The Advisory Board will meet on a regular basis to help Luxembourg strengthen its position as a leading and innovative financial centre.

The Advisory Board is co-chaired by the Minister of Finance Gilles Roth and Jean-Louis Schiltz, advocate at the Court, Honorary Professor and former Minister for Development Cooperation and Humanitarian Affairs. Its members are:

• Jenny Johnson, President & CEO of Franklin Templeton
• Peter Zaffino, Chairman & CEO of American International Group, Inc. (AIG)
• Eric Xiandong Jing, Chairman of Ant Group
• Vijay Shekhar Sharma, Founder & CEO of Paytm
• Prof. Alex "Sandy" Pentland, Professor of Information Technology at Massachusetts Institute of Technology
• Prof. David Shrier, Professor of Practice in Artificial Intelligence & Innovation at Imperial College London

Participate as observers:

• Nicolas Mackel, Ambassador, Permanent Representative of Luxembourg to the EU
• Claude Marx, CEO of the Commission de surveillance du secteur financier (CSSF)
• Tom Théobald, CEO of Luxembourg for Finance
• Nasir Zubairi, CEO of the Luxembourg House of Financial Technology (LHoFT)

Gilles Roth commented: "I am delighted to launch the Advisory Board on AI in Finance. Artificial intelligence is already transforming financial services profoundly and at an unprecedented pace. By bringing together some of the world's most experienced leaders from finance and academia, we are creating a platform to help Luxembourg anticipate change, support innovation and promote the responsible use of AI in our financial centre. On this basis, we will continue to play a pioneering role as a country and lead our financial centre into a sustainable future."

The first in-person meeting of the Advisory Board was preceded by a dinner reception hosted by HRH the Grand Duke.

Press release by the Ministry of Finance