Lydia Linna

Valuation sits at the heart of Luxembourg’s private markets ecosystem, yet supervisors remain unconvinced that current practices are consistently robust. Speaking at an event organised by Kroll and the Association of the Luxembourg Fund Industry, the CSSF flagged shortcomings in the review and approval of valuation models at investment fund managers, underlining that governance, documentation and independent challenge still require closer attention as private assets continue to scale.

After studying politics, Jean-Paul Daragjati set his sights on finance through a hands-on master’s in wealth management at the University of Luxembourg. Now a private banker at Edmond de Rothschild, he says the secret to success is to never stop learning.

With the start of a new year, the professionals making the wheels of Luxembourg’s funds sector spin may be considering changing jobs. Recruitment experts share their perspectives on the state of the industry and the trends shaping it.

Luxembourg is full of opportunities to explore the world of private banking and make your mark, explain two young bankers at Citi. Despite the country’s dreary climate, they highlight the Grand Duchy as an appealing place for young people starting out in the industry.

As the world of private banking expands to the next generation of clients, non-traditional sectors are rising while the need for a personal touch remains the same, says 27-year-old Charles Desnos at Quintet Private Bank.

The global race to dominate artificial intelligence may feel a world away from Luxembourg, yet the Grand Duchy’s private banks and asset managers are watching the frenzy with growing interest.

European equities are getting more interesting, say asset management and private banking experts at Quintet, Pictet and Artemis Investment Management.

Indosuez Wealth Management is addressing changing demographics in wealth by developing more sustainable offerings and management solutions based on exchange-traded funds (ETFs), all while ensuring that they gain and maintain the trust of younger clients.

Despite tough times for private markets in recent years, family offices are seeing increased interest in private equity and venture capital, especially among the younger generation.

Claude Marx, head of Luxembourg’s financial regulator CSSF, has sent a stark warning to the financial sector: Europe’s banks and asset managers are already falling behind in the race to adopt artificial intelligence. “We are facing an economic revolution and we should embrace it,” he said.