The Luxembourg Gender Finance Task Force
The Luxembourg Gender Finance Task Force aims to support, drive and stimulate gender finance in the Luxembourg financial centre.
About the GFTF
The Luxembourg Gender Finance Task Force is dedicated to advancing gender finance within the Luxembourg financial sector. Its mission is to identify key opportunities and foster initiatives that drive progress in both "finance for women" and "women in finance." The Task Force works to develop sector-wide strategies, enabling actors in the Luxembourg financial centre to implement gender-focused financial solutions, either independently or through collaborations between public and private entities.
The Task Force's efforts align with Luxembourg’s strong performance in gender equality, particularly in the domain of finance. According to the European Institute for Gender Equality, which publishes the annual Gender Equality Index to track progress across EU Member States, Luxembourg ranks ninth overall within the EU. Since 2020, the country’s score has increased by 4.6 points.
The Gender Finance Task Force is composed of a diverse group of representatives from the financial sector and organised by the Luxembourg Ministry of Finance. It is supported by 7 Working Groups.
Meet Elodie van de Woestyne, CSR specialist at the Luxembourg Stock Exchange and member of the GFTF working group Definitions, Standards and Labels.
In the latest episode of The Gender Finance Podcast, we speak with Francesca Gigli Prym, CEO of UBS Asset Management (Europe) S.A., about what it means to lead as a female CEO and role model in asset management.
In the latest episode of The Gender Finance Podcast, we speak with Lize-Mari Barnes, CEO Luxembourg and Global CFO P&C Reinsurance at Swiss Re, and Global Women at Swiss Re Lead.
A new global report from Corporate Women Directors International finds that companies led by women CEOs have significantly higher levels of female representation on boards and executive committees, suggesting a wider leadership “multiplier effect” across the C-suite.
Meet Giulia Iannucci, Deputy CEO of MAQIT and a member of the Education working group in Luxembourg's Gender Finance Task Force.
In Episode 5 of The Gender Finance Podcast, we speak with Daniela Klasen, Luxembourg Country Head and Head of Institutional Banking at RBS International, about how banking culture has evolved toward diversity and inclusion over her nearly 30 years in Luxembourg.
Around €3.5trn in European assets will change hands by 2030, and women stand to be the main beneficiaries - controlling up to 45% of the EU's retail financial assets by the start of the next decade. For wealth managers and for the EU's Savings and Investments Union, that shift changes the terms of the game.
Gender equality in the EU is advancing: the bloc's 2025 Index score has climbed to 63.4, and women's earnings have risen to 77% of men's, up from 69% a decade ago. Closing the remaining gap now depends on shifting attitudes about who earns and who cares.
Women now hold 19% of top leadership roles across major financial institutions - the highest level ever recorded. Yet at the current pace of change, full gender parity is still an estimated 22 years away. OMFIF's 2026 Gender Balance Index examines why progress remains uneven, and what targeted policy action can do to close the gap.
Women now represent roughly one third of senior leadership roles among organisations participating in Luxembourg’s Women in Finance (WiF) Charter, according to the 2025 WiF Charter Progress Report. The report highlights gradual progress across the sector, while noting that gender balance at the most senior levels remains a challenge.
Despite decades of progress, women remain significantly underrepresented in leadership positions across politics and business, and global gender inequalities persist. An article in the Financial Times highlights how slow progress has been in closing gaps in representation and pay, even as awareness and policy initiatives have expanded.
The number of young female entrepreneurs launching start-ups across Europe is rising, yet companies led by women continue to raise significantly less venture capital than those led by men, according to a study by Invest Europe and the European Investment Fund (EIF).