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17 October 2013

KBL epb celebrates three decades of graduate integration program 

Nearly 80 young professionals have completed Kaleidoscope Program, intensive two-year career development initiative

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KBL European Private Bankers (KBL epb), one of the largest employers in Luxembourg’s financial services sector, celebrated today the 30th anniversary of the launch of its Kaleidoscope Program, a two-year graduate integration program.

Aimed at providing high-achieving recent university graduates with a 360-degree perspective on the activities of the Luxembourg-headquartered private banking group, the Kaleidoscope Program immerses participants in a range of roles and departments. This initiative is tailored to the individual ambitions of each participant, who rotates assignments every six months over the two-year period.

To date, some 80 participants have successfully completed the Kaleidoscope Program. Seventy percent of them have remained with the bank for at least a decade following their graduation from the program.

Current KBL epb staff who have benefited from participation in the Kaleidoscope Program include the Heads of Private Banking, Investment Funds & Global Custody Services, and Operations.

“We are committed to providing opportunities for young graduates to join the group, share their fresh perspective and make a real impact early in their career, as the success of this long-term initiative makes clear,” said Jacques Peters, Group CEO, KBL epb.

Peters began his own career more than a quarter century ago with his appointment as a junior professional at Puilaetco Dewaay, the group’s Brussels-based subsidiary. “I am just one example of how KBL epb offers significant advancement 2 opportunities for individuals who are eager to learn and dedicated to achieving our shared goals,” he said.

The minimum requirements to apply for a position in the Kaleidoscope Program are rigorous, and include fluency in three languages and a Master’s degree. Initial screening is then followed by three in-depth interviews, internal testing and external assessment.

An equal opportunity employer, more than half of whose staff is female, KBL epb is a signatory to the Lëtzebuerg Diversity Charter, an initiative of Luxembourg’s Ministry of Family and Integration. The Luxembourg-based group is also a signatory to the Diversity and Equal Opportunity Charter, drawn up by the Luxembourg Bankers’ Association.