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Vera Alves
Managing partner

Biography

Of Portuguese origin, Vera Alves is an active businesswoman who is always seeking new challenges. After a scientific path that never quite fulfilled her expectations, she developed a Latin dance school in Luxembourg in the 2000s. In 2004, Michel Bastos, active in the insurance industry, noticed her boundless energy and eventually convinced her to venture into insurance. She started timidly but quickly accelerated her progress. In 2009, they together founded Albalux, an insurance brokerage company that would be wound down by the end of the year. In 2013, Vera Alves opened her own agency in the city of Bettembourg. Her partnership with Michel Bastos continued to grow, and they realized several projects together. Albalux emerged from the wind-down in 2017 with a new business model as a mortgage brokerage company, which they branded as Albalux Crédit in 2018. Subsequently, they established Alba Office, a company providing administrative assistance to individuals and businesses, and WOAH!, a company specialized in communication and digital marketing. More recently, they acquired Mir Botzen, a cleaning company serving individuals and professionals.

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Michel Bastos
Managing partner

Biography

Born in Luxembourg to a family of Portuguese immigrants, Michel Bastos is a businessperson with a mindset geared towards success in society. Educated in Luxembourg and later in Belgium, he obtained his degree as an electromechanic. Unable to find employment in the mechanical sector, he worked as a laborer for a few years before venturing into the insurance field for the Belgian-Luxembourg subsidiary of a German company. For 19 years, he learned the basics of the business world (sales, marketing, finance, etc.) there. Drawing on his experience, in 2006 he launched his own company, Albalux, together with his business partner, Vera Alves, which was one of the first mortgage brokerage agencies in Luxembourg. From that point on, several projects came to life: Albalux Crédit, Alba Office, Albalux Pro, WOAH!, and Mir Botzen.

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