Asset Servicing

The number of licensed management companies in Luxembourg has held steady at 298. But this surface stability masks a quiet transformation in the Grand Duchy’s asset services industry.

Degroof Petercam Asset Services (DPAS), a key service provider to Luxembourg’s fund industry, will change its name on 1 June. The rebranding follows the acquisition of Belgian financial group Degroof Petercam by the French firm Indosuez, part of Crédit Agricole.

Art insurance is gaining traction in Belgium as discretionary collectors increasingly prioritise professional protection, clear provenance and fiscal transparency.

Luxembourg’s Raif market shows resilience in 2024, but Investment Officer’s data analysis shows slowing sub-fund launches, revealing growing caution in alternative fund markets.

State Street on Tuesday started construction on its new Luxembourg headquarters in the Cloche d’Or district.

Luxembourg’s depositary banking sector is undergoing a structural shift as demand for alternative investment funds (AIFs) continues to rise.

With EU citizens holding around 34 trillion euros in savings—one-third of which sits in bank deposits—Luxembourg sees an opportunity in European pension reform.

State Street and SS&C Technologies are restructuring their transfer agency operations in Luxembourg and Ireland by dismantling their International Financial Data Services LP (IFDS) joint venture after nearly 20 years, as the industry moves toward automation and blockchain-driven solutions.

Long the dominant force in Europe’s cross-border fund industry, Luxembourg is now pivoting towards alternative investments as the asset management landscape shifts.

Luxembourg’s bold new tax incentives slash employment income taxation by 50 percent for newcomers as of this year. The new tax incentive aims to secure top global talent for its financial sector.