In this interview, Edmond Israel, Director-General of the Banque Internationale à Luxembourg (BIL) from 1973 to 1989, founder and President of the Board of Directors of Cedel International from 1970 to 1990, Honorary Chairman of Clearstream International since 2005 and Honorary Chairman of the Luxembourg Stock Exchange since 1996, outlines the arguments in favour of the creation of an international financial centre in Luxembourg and highlights the decisive role played by Pierre Werner, Luxembourg Prime Minister and Minister of State from 1959 to 1974 and from 1979 to 1984, in the establishment of this financial centre.

In this interview, Edmond Israel, Director-General of the Banque Internationale à Luxembourg (BIL) from 1973 to 1989, founder and President of the Board of Directors of Cedel International from 1970 to 1990, Honorary Chairman of Clearstream International since 2005 and Honorary Chairman of the Luxembourg Stock Exchange since 1996, describes how he worked with Pierre Werner, Luxembourg Prime Minister and Minister of State from 1959 to 1974 and from 1979 to 1984 and Finance Minister from 1953 to 1959 and from 1969 to 1974, in the process of reflection on the development and consolidation of Luxembourg’s role as an international financial centre.

In this interview, Edmond Israel, Director-General of the Banque Internationale à Luxembourg (BIL) from 1973 to 1989, founder and President of the Board of Directors of Cedel International from 1970 to 1990, Honorary Chairman of Clearstream International since 2005 and Honorary Chairman of the Luxembourg Stock Exchange since 1996, describes the role played by Pierre Werner, Luxembourg Prime Minister and Minister of State from 1959 to 1974 and from 1979 to 1984, in the creation of the Luxembourg-based Société européenne des satellites (SES), a flagship project in terms of the country’s economic diversification.