The European business said it wants to be a "leading" player in Luxembourg's wealth management market.

Paris-headquartered Norman K, a wealth management and advisory firm established in 2021, has opened a Luxembourg office.

The office adds to the firm’s Paris, Nice, London and Geneva offices. 

Nicolas L’Hermite and Nicolas Mayer joined the group at the start of 2025 to lead and develop the Luxembourg subsidiary, as CEO and sales director respectively.  

“Our ambition is to become a leading wealth management player in Luxembourg,” Olivier Liot, head of corporate and private banking and co-founder of Norman K, alongside Brice Monvoisin, Mathieu Mercati and Jean-Philippe Petit, said.

With 18 years of experience in wealth management in Luxembourg, L’Hermite has held commercial and managerial positions within BNP Paribas, as well as being a member of its wealth management executive team. 

Mayer, who has more than 15 years of experience in the wealth management sector in Luxembourg, has worked at EFG, ABN AMRO and BNP Paribas. Until recently, he served as senior wealth manager at BNP Paribas Wealth Management Luxembourg.

The firm said it intends to grow organically this year. Its main areas are investment, corporate advisory, financing, and wealth solutions.

As the largest single UCITS funds hub in the European Union, Luxembourg is also a centre for private banks. In January last year, Luxembourg for Finance, the public/private body promoting the European state’s financial services sector, set out a five-year plan to develop the centre yet further.