Luxembourg Establishes Advisory Committee on Artificial Intelligence in Finance
The Luxembourg Ministry of Finance has launched an advisory committee dedicated to the transformative role of artificial intelligence (AI) in the finance sector. The inaugural meeting took place on January 16, 2026, marking a significant step towards integrating AI responsibly within financial services.
Purpose and Mission of the Advisory Council
The newly formed Advisory Council on AI in Finance comprises prominent leaders from both the international financial industry and academia. It aims to provide strategic advice to Minister of Finance, Gilles Roth, on the development and deployment of AI technologies. The council’s mission focuses on enhancing Luxembourg’s competitiveness, resilience, and overall value creation for the economy and society.
Regular Meetings to Foster Innovation
The Advisory Council is designed to meet regularly, reinforcing Luxembourg’s ambition to remain a leading and innovative financial center. This ongoing dialogue will facilitate the sharing of insights and best practices, ensuring that AI is utilized to its full potential while addressing ethical considerations.
Leadership and Membership
The Advisory Council is co-chaired by Minister Gilles Roth and Jean-Louis Schiltz, a distinguished lawyer at Court and a former Minister of Development Cooperation and Humanitarian Affairs. The council’s esteemed members include:
- Jenny Johnson, President and CEO of Franklin Templeton
- Peter Zaffino, Chairman and CEO of American International Group, Inc. (AIG)
- Eric Xiandong Jing, Chairman of Ant Group
- Vijay Shekhar Sharma, Founder and CEO of Paytm
- Professor Alex “Sandy” Pentland, MIT Professor of Information Technology
- Professor David Shrier, AI and Innovation Expert at Imperial College London
Observer Participation
Additionally, several observers have been invited to the council meetings to enrich discussions and provide diverse perspectives. Observers include:
- Nicolas Mackel, Ambassador, Permanent Representative of Luxembourg to the EU
- Claude Marx, CEO of the Financial Sector Surveillance Commission (CSSF)
- Tom Théobald, CEO of Luxembourg for Finance
- Nasir Zubairi, CEO of the Luxembourg House of Financial Technology (LHoFT)
Minister Roth’s Vision for AI in Finance
In his remarks, Minister Roth expressed enthusiasm for the launch of the Advisory Council. He noted, “Artificial intelligence is already transforming financial services profoundly and at an unprecedented pace. By uniting experienced leaders from finance and academia, we create a platform that allows us to anticipate changes, support innovation, and promote the responsible use of AI in our financial landscape.” This underscores Luxembourg’s commitment to maintaining its pioneering role in the global financial sector.
A Formal Gathering to Mark the Launch
The first in-person meeting of the Advisory Council was notably preceded by a dinner hosted by HRH the Grand Duke, highlighting the significance of this initiative for Luxembourg’s economic future.
Press release from the Ministry of Finance