Luxembourg launches Advisory Board on AI in Finance
Luxembourg's Ministry of Finance has set up an Advisory Board on Artificial Intelligence in Finance and held its first meeting on 16 January 2026. The mandate is clear: advise Minister of Finance Gilles Roth on the strategic development and responsible deployment of AI across financial services, with a focus on competitiveness, resilience, and value creation.
The Board will meet regularly and operate as a high-level forum that connects global finance leaders with academic expertise. It is co-chaired by Minister Gilles Roth and Jean-Louis Schiltz, advocate at the Court, Honorary Professor, and former Minister for Development Cooperation and Humanitarian Affairs.
Advisory Board members
- 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
Participating 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)
The first in-person meeting was preceded by a dinner reception hosted by HRH the Grand Duke. The Board's ongoing work is set to help Luxembourg cement its position as a leading, innovative financial centre.
Why this matters for finance leaders
AI is moving from experimentation to execution in areas that matter for P&L and supervision. A coordinated strategy at country level signals where investment, standards, and supervisory expectations are headed.
- Model governance and accountability: controls for data quality, explainability, and drift management
- Operational resilience: safe deployment, stress testing of AI systems, and cyber risk interfaces
- Compliance and risk: market abuse monitoring, AML/fraud analytics, and conduct safeguards
- Client service and efficiency: personalization at scale with clear guardrails
- Talent and tooling: upskilling, procurement standards, and vendor risk management
Expect alignment with European policy developments, including the AI Act and related guidance on risk management and transparency. For reference, see the European Commission's overview of AI policy here.
From the Minister
Gilles Roth said: "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."
What to watch next
- Priorities for the Board's work program and cadence of meetings
- Early guidance on risk controls, data standards, and model governance
- Potential pilots or sandboxes that accelerate high-impact, safe use cases
If you're building AI capability inside a finance team and want practical tooling, explore this curated list of AI tools for finance here.
Event date: 16.01.2026
Member of the Government: ROTH Gilles
Topics: Information technologies - Telecommunication; Economy - Finance
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