Asset Servicing

Fundrock, one of Europe’s largest third-party management companies with a significant presence in Luxembourg, on Monday said it has been appointed by Royal London Asset Management Funds plc, also known as RLAM, to provide management and distribution services for its Irish fund range.

Wealth management platform FNZ and Clearstream, Deutsche Börse Group’s post-trade services provider, said that they have agreed a strategic partnership that will help asset managers get a better view of information required for the distribution of investment information.

Funds exposed to the Ukraine war have new liquidity management options following the recent publication of the CSSF’s guidance. To understand more about how the market is adapting , particularly during the current annual reporting season, we spoke to Nicolas Hennebert, partner and investment management leader audit & assurance at Deloitte Luxembourg.

Frankfurt-based Universal Investment Group, a leading asset services provider with Super ManCo status in Luxembourg, on Tuesday flagged further European growth ambitions outside German-language countries when it announced it had reached agreement on its acquisition of European Fund Administration for an undisclosed amount.

Apex Group, a global asset services specialist present in Luxembourg also with its FundRock and LRI Invest subsidiaries, on Tuesday said it has acquired a majority stake in FTS, a US-based tax services firm serving clients in the alternative investment and family office sectors, for an undisclosed amount.  

In this second podcast from Alfi’s 2022 European Asset Management conference we enlighten you with valuable insights on what’s happening in Luxembourg’s asset management ecosystem. You will hear about Luxembourg’s new securitisation law, about collateralised loan obligations, about plans for the European Long-Term Investment Fund, known as ELTIF, as a new type of collective investment framework. 

Luxembourg’s financial supervisor, releasing its eagerly anticipated guidance for investment funds exposed to Russia, has outlined a range of segregation options to handle stranded assets in Russia. Funds also were reminded to assess if they are potentially in breach of sanctions against Russia and Belarus. 

Financial sanctions against Russia and the exposure of investment funds to Russian assets were widely discussed at the 2022 European Asset Management Conference in Luxembourg, hosted by the Association of the Luxembourg Fund Industry, or Alfi, on 22-23 March.

New options for trading securitised debt products are available in Luxembourg after its parliament approved long-awaited amendments to its securitisation law. In an interview with Investment Officer, Harneys’ counsel and securitisation lawyer Massimiliano della Zonca sees it as a game changer for the Grand Duchy. 

The popularity of digital assets will lead to significant changes for the financial industry, including within the area of asset custody. Today’s global custody industry goes back to regulatory changes in the 1970s. Digital assets, the most well-known being Bitcoin, differ in several ways from traditional assets, including the role of information technology, specifically of private key management, which will be accompanied by potential regulatory differences.