Nicolas Mackel, currently serving as the ceo of Luxembourg for Finance, is preparing to assume a new role as Luxembourg’s permanent representative to the European Union in Brussels.
According to Luxemburger Wort and RTL, Mackel’s transition from the financial sector to a diplomatic post is expected to occur in September, marking his return to the international diplomatic arena.
Mackel’s extensive diplomatic experience, including roles as consul general in Shanghai and at the Embassy in Washington, positions him well for his new responsibilities in Brussels. As the head of Luxembourg’s permanent representation to the EU, he will be instrumental in navigating EU negotiations and safeguarding Luxembourg’s financial interests.
LFF vacancy not yet formal
The position of CEO at Luxembourg for Finance,the state-sponsored agency which promotes Luxembourg’s financial centre, will become vacant with Mackel’s departure. His decision to leave is a significant shift in his career, having led the LFF organisation since 2013.
Luxemburger Wort reports that Mackel’s appointment as Ambassador to the EU is not yet official, as the Ministry of Foreign Affairs, led by Xavier Bettel, awaits the completion of internal procedures before making a formal announcement.
Mackel’s potential appointment is seen as a strategic political move. His background as a career diplomat and familiarity with the EU, including previous work at the Permanent Representation of Luxembourg in Brussels, makes him a strong candidate for the position. However, his tenure at Luxembourg for Finance, marked by a firm stance on economic policy, adds a layer of political complexity to his nomination.
The government’s inclination to nominate Mackel is seen by some as part of a strategy to more assertively defend Luxembourg’s financial centre at the EU level, Luxembourg media reported.
Further reading on Investment Officer:
- LFF: finance requires a change to keep up with jobs market
- Podcast with Nicolas Mackel, Luxembourg For Finance