Luc Frieden (born 16 September 1963) is a

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

ish politician, lawyer, and business executive. He has held several posts in the cabinet of Luxembourg, including as

Minister for Justice A Ministry of Justice is a common type of government department that serves as a justice ministry. Lists of current ministries of justice Named "Ministry" * Ministry of Justice (Abkhazia) * Ministry of Justice (Afghanistan) * Ministry of Just ...

(1998–2009),

Minister for Defence {{unsourced, date=February 2021 A ministry of defence or defense (see spelling differences), also known as a department of defence or defense, is an often-used name for the part of a government responsible for matters of defence, found in states ...

(2004–2006), and Minister for Finances (2009–2013). He is a member of the

Trilateral Commission The Trilateral Commission is a nongovernmental international organization aimed at fostering closer cooperation between Japan, Western Europe and North America. It was founded in July 1973 principally by American banker and philanthropist David ...

Early life and education

Luc Frieden completed high school in his home country Luxembourg and received thereafter an international university education in France, the UK and the US. He graduated in business law from Université Paris 1 Panthéon-Sorbonne. He obtained a master's degree in comparative law from the

University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

(UK) and a further Master of Laws Degree from

Harvard Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...

. While at Harvard, he was also cross-registered at

Harvard Kennedy School The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, public ...

. Besides his native tongue

Luxembourgish Luxembourgish ( ; also ''Luxemburgish'', ''Luxembourgian'', ''Letzebu(e)rgesch''; Luxembourgish: ) is a West Germanic language that is spoken mainly in Luxembourg. About 400,000 people speak Luxembourgish worldwide. As a standard form of th ...

, he speaks fluently

English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ...

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

, French and has a good working knowledge of

Dutch Dutch commonly refers to: * Something of, from, or related to the Netherlands * Dutch people () * Dutch language () Dutch may also refer to: Places * Dutch, West Virginia, a community in the United States * Pennsylvania Dutch Country People E ...

Political career

In 1994, Frieden was elected to the

Chamber of Deputies The chamber of deputies is the lower house in many bicameral legislatures and the sole house in some unicameral legislatures. Description Historically, French Chamber of Deputies was the lower house of the French Parliament during the Bourbon R ...

of Luxembourg for the

Christian Social People's Party The Christian Social People's Party ( lb, Chrëschtlech Sozial Vollekspartei, french: Parti populaire chrétien-social, german: Christlich Soziale Volkspartei), abbreviated to CSV or PCS, is the largest political party in Luxembourg. The party f ...

(CSV), becoming, at the age of thirty, the then youngest member of the House. He was reelected in all general elections thereafter. While in Parliament, he chaired the Finance Committee as well as the Constitutional Committee and was a leading figure in the process leading to the establishment of a constitutional court and of independent administrative courts in Luxembourg. In 1998, he became, at the age of thirty-four,

Minister of Justice A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice. The ministry or department is often headed by a minister of justice (minister for justice in a v ...

in the Government led by Prime Minister

Jean-Claude Juncker Jean-Claude Juncker (; born 9 December 1954) is a Luxembourgish politician who served as the 21st Prime Minister of Luxembourg from 1995 to 2013 and 12th President of the European Commission from 2014 to 2019. He also served as Finance Minister ...

. He also served as Minister for the Treasury and Budget from 1998 to 2009, and

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

from 2009 to 2013. In the capacity of Minister for the Treasury and Budget, Frieden was responsible for the successful introduction of the

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

as replacement for the

Luxembourgish franc The Luxembourg franc (''F'' or ISO ''LUF'', lb, Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except in 1941–44. In 1944–2002, its value was equal to that of the Belgian franc. The franc remained ...

. During the Luxembourg

Presidency of the Council of the European Union The presidency of the Council of the European Union is responsible for the functioning of the Council of the European Union, which is the co-legislator of the EU legislature alongside the European Parliament. It rotates among the member state ...

in 2005, he chaired the

European Council of Ministers The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, and informally known as the Council of Ministers, is the third of the seven Institutions of the European Union (EU) as ...

Justice and Home Affairs The area of freedom, security and justice (AFSJ) is a collection of justice as well as migration & home affairs policies designed to ensure security, rights and free movement within the European Union (EU). Fields covered include the harmonisati ...

(JHA). As Minister of Finance he represented his country at the European Council of Ministers of Economic and Financial Affairs (Ecofin) as well as at the

Eurogroup The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 19 member ...

and participated in the stabilization of the

Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies ...

and the shaping of the European

banking union The banking union of the European Union is the transfer of responsibility for banking policy from the national to the EU level in several EU member states, initiated in 2012 as a response to the Eurozone crisis. The motivation for banking union w ...

. For 15 years, Frieden served as Governor of the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

and acted as chairman of the Board of Governors of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

and the

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

in 2013.

After politics

Frieden joined

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

as Vice Chairman in September 2014. Based in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

he advised the management board and senior management on strategic aspects related to international and European affairs. He also served as chairman of the supervisory board of Deutsche Bank Luxembourg. He left Deutsche Bank in early 2016 to become chairman of the Board of Directors of

Banque Internationale à Luxembourg Banque Internationale à Luxembourg S.A. (BIL, "International Bank in Luxembourg") is the oldest private bank in Luxembourg. It offers commercial and corporate banking services. Since 2018, it has been majority-owned by China-headquartered Legend ...

(BIL), Luxembourg's oldest private universal bank. He is also chairman of the Board of Directors of the Luxembourg media group Saint Paul, the owner of the leading Luxembourg newspaper ''

Luxemburger Wort ''Luxemburger Wort'' is a German-language Luxembourgish daily newspaper. There is an English edition named the ''Luxembourg Times''. History and profile ''Luxemburger Wort'' has been published since 1848. The paper was founded just three days a ...

''. Next to his board positions, Luc Frieden works as a lawyer/avocat à la Cour and is a partner at the Luxembourg business law firm Elvinger Hoss Prussen since October 2016.

References

, - , - {{DEFAULTSORT:Frieden, Luc 1963 births Alumni of the Athénée de Luxembourg Christian Social People's Party politicians Living people 20th-century Luxembourgian lawyers Ministers for Defence of Luxembourg Ministers for Finances of Luxembourg Ministers for Justice of Luxembourg Members of the Chamber of Deputies (Luxembourg) from Centre People from Esch-sur-Alzette Harvard Law School alumni