Wealth Managers

Luxembourg-based Intesa Sanpaolo Wealth Management is positioning itself to lead the charge into a new era of digital private banking.

Luxembourg’s private banks are falling short in their digitalisation journey, despite recognising its strategic importance, according to a new survey conducted by KPMG in collaboration with the ABBL.

ING Luxembourg is transferring approximately 18,000 retail clients with basic daily banking needs to BGL BNP Paribas.

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.

Martin Groos unpacks the journey of the European Long-Term Investment Fund (Eltif) since its promising launch in 2015, and explores whether recent reforms under “Eltif 2.0” will finally deliver success.

As Luxembourg’s financial ecosystem adjusts to the open finance revolution, wealth and asset managers must navigate a range of hurdles to stay competitive.

The Luxembourg Stock Exchange is exploring ways to create public listings of European Long-Term Investment Funds, private market vehicles that for now are the exclusive domain of high-net worth individuals. A senior official said the bourse, also known as LuxSE, sees a particular role for itself when it comes to enhancing the exit opportunities.

Quintet Private Bank announced on Thursday the launch of its Luxembourg-based Finnish desk by building a new team that crossed over from competitor Union Bancaire Privée.

The first half of 2024 revealed contrasting fortunes for European asset managers as they navigate volatile markets, shifting investor sentiment, and regulatory pressures.

Creating European Long-Term Investment Funds (Eltifs) as sub-funds under existing alternative investment funds has become a bit easier in Luxembourg. Firms no longer need to fill out a separate CSSF approval form for a new sub-fund when adding an Eltif-class to an existing fund.