Transfers: HSF, Simpson Thacher set up shop in Luxembourg
International law firms Herbert Smith Freehills and Simpson Thacher & Bartlett have announced plans to establish offices in Luxembourg, aiming to strengthen their presence in the private capital sector.
Asset owners see tech reducing dependence on managers
Disruptive technology is shaping nearly every aspect of the global asset management industry, from growth and competition to innovation and acquisitions, according to PWC’s Asset and Wealth Management Survey 2024.
Transfer Thursday: Goodwin, DWS, Abrdn, Neuberger Berman, Taskize
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Goodwin, DWS, Abrdn, Neuberger Berman, Taskize, and others.
Transfer Thursday: Pisani succeeds Brender at Candriam
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Quintet Luxembourg, Candriam and Zedra Group.
CSSF imposes fines on five AIFMs for AML violations
The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has issued administrative fines to five alternative investment fund managers for failing to comply with anti-money laundering and counter-terrorism financing (AML/CFT) regulations.
Transfer Thursday: Carmignac, CMS Luxembourg, Mainstreet
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Carmignac, CMS Luxembourg, and Mainstreet Partners.
UBS launches tokenised money market fund
UBS Asset Management has expanded its digital asset capabilities with the launch of the “UBS USD Money Market Investment Fund Token” (uMINT), a tokenised money market product built on Ethereum’s distributed ledger.
Transfer Thursday: State Street, Vistra, RBC Bluebay
This week’s overview of industry appointments in and outside Luxembourg includes updates from State Street, Vistra, RBC Bluebay Asset Management, and Cyberr.
CSSF approves first fully tokenised Ucits fund
Franklin Templeton has secured approval from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), to launch the first fully tokenised UCITS fund in the country.
Transfer Thursday: Edmond de Rothschild, Zedra and HSBC
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Edmond de Rothschild Asset Management, Zedra and HSBC.