Asset Servicing

Stéphane Corsaletti is the new Chief Investment Officer of fund distribution platform Allfunds. The Frenchman will lead Allfunds’ recently formed digital investment solutions platform from its Luxembourg office.

Corsaletti will be part of the executive committee, reporting directly to CEO Juan Alcaraz. Launched in 2000, Allfunds is one of the world’s largest fund distributors. It offers clients access to a universe of over 125,000 funds through Allfunds Connect.

Airbnb will move the processing of all EU payments from the UK to Luxembourg as of 2020 because of Brexit.

The home rental platform opened a subsidiary in Luxembourg at the end of last year and was granted a payment institution license in the country last month.