Fewer millionaires in Luxembourg, but the wealthiest get richer
The number of millionaires in Luxembourg fell significantly in 2024, but those at the top of the wealth pyramid continued to grow their fortunes.
Transfers: Capitalatwork, Apex, EY, Partners Group, Northern Trust
This week’s overview of people transfers and appointments in and around Luxembourg includes updates from Capitalatwork, Apex Group, EY Luxembourg, Partners Group, and Northern Trust.
Luxembourg family offices quietly reposition for a new generation
Across Luxembourg, family offices are preparing for change as younger generations begin to take more control. With new priorities like sustainability, digital tools and impact investing, wealth managers are adjusting how they support family clients.
Dutch cooperative offers alternative to Luxembourg fund toolbox
New evergreen fund for Dutch private clients launched as cooperative, not as RAIF or Eltif.
Rothschild & Co picks Luxembourg as wealth management hub
Rothschild & Co has opened a new wealth management office in Luxembourg under its Rothschild Martin Maurel brand.
Transfers: updates from TMF Group, FNZ, Deloitte and Linklaters
This week’s overview of executive appointments in and around Luxembourg includes updates from TMF Group, FNZ, Deloitte and Linklaters.
Private markets test wealth managers' tech limits
The rise of Eltif 2.0 and private market retail access is exposing a critical weakness: legacy reporting systems that cannot meet modern client expectations.
Benjamin Cordonnier named CEO at Astorg
Private equity firm Astorg, headquartered in Luxembourg, has announced a change in senior leadership, appointing Benjamin Cordonnier as chief executive officer.
Transfers: S&S, Clifford Chance, Carmignac, NBIM, Fasanara
This week’s overview includes updates from Simmons & Simmons, Clifford Chance, Carmignac, Northern Trust, and NBIM.
Salary indexation will kill our fund industry
The latest automatic salary hike in Luxembourg landed on Workers’ Day. Cheers all around, but will rising costs hurt the fund industry?