Private Banks

Nagelmackers, Belgium’s oldest bank, is set to be acquired by La Caisse d’Epargne Hauts de France, a regional bank under the umbrella of the French banking group BPCE.

Nomadic millionaires increasingly relocate in response to structural changes in the global economy. It means the UK and the Netherlands will millionaires move to other parts of the world by 2028, according to a report by UBS. Luxembourg, meanwhile, remains the country with the biggest number of millionaires per capita, says the Swiss bank.

If you want to be considered wealthy in Luxembourg, you’ll need to earn an annual gross income of at least 365,000 euro.

BlackRock’s strategic 3.2 billion dollar acquisition of U.K. data firm Preqin opens the door towards indexing private markets and can be seen as a defensive move against the threat of private equity.

New technologies have the potential to support the integration of capital markets, improve the provision of financial services and make them more efficient for the benefit of companies and citizens. Integrating them into existing business models also requires a cultural change among those who use them.

Luxembourg’s financial regulator CSSF plans to make public an online register of European long-term investment funds (Eltifs) later in in July. The register will be updated every month with new registrations.

Luxembourg’s banking sector, once heralded for its stability and strong governance, is now grappling with substantial hurdles in adhering to anti-money laundering (AML) regulations, a new consultancy report reveals.

Amsterdam-based investment firm Van Lanschot Kempen is keen to expand its market share in Belgium.

Ultra-rich families are increasingly casting their eye on sports as an asset class. According to Goldman Sachs, interest is fuelled by rising valuations and lucrative media contracts.

Ambitious growth plans for J.P. Morgan Private Bank in the Benelux mirror the broader trend of consolidation in private banking, highlighting industry-wide expansions and strategic transformations in the low countries.