Luxembourg

As artificial intelligence takes over functions once handled by offshore teams, asset managers and their services firms face a new frontier, one that blends automation gains with urgent ESG questions.

Columbia Threadneedle Investments is preparing to launch a new range of Irish-domiciled active ETFs, but unlike many of its peers, the firm will oversee these funds from Luxembourg, not Dublin.

This week’s overview of people transfers and appointments includes updates from Schroders, Amundi, IBS Capital Allies, Partners Group, and Luxembourg industry associations Alfi and LPEA.

Luxembourg is gradually carving out a role in global private markets, not with fanfare, but through quiet, deliberate action. Emerging investor relations roles, a growing presence of single family offices, and a measured push to localise fundraising are reshaping its identity beyond its traditional middle-office roots.

The number of millionaires in Luxembourg fell significantly in 2024, but those at the top of the wealth pyramid continued to grow their fortunes.

This week’s overview of people transfers and appointments in and around Luxembourg includes updates from Quintet Private Bank, Banque Raiffeisen and PWC Luxembourg.

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.

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.

New evergreen fund for Dutch private clients launched as cooperative, not as RAIF or Eltif.

Rothschild & Co has opened a new wealth management office in Luxembourg under its Rothschild Martin Maurel brand.