Luxembourg

Private markets no longer run in straight lines. Intermediaries are merging, data is flowing, and Luxembourg may quietly become the nerve center of the new system.

Claude Marx, head of Luxembourg’s financial regulator CSSF, has sent a stark warning to the financial sector: Europe’s banks and asset managers are already falling behind in the race to adopt artificial intelligence. “We are facing an economic revolution and we should embrace it,” he said.

Artificial intelligence has become the dividing line between progress and obsolescence in Luxembourg’s financial industry.

The great wealth transfer isn’t just a handover of assets. It’s a clash of priorities between generations. At HSBC Luxembourg, Emanuele Vignoli is helping families bridge that gap with a blend of technology and trust.

It takes about two million euros in net assets to be considered wealthy in Luxembourg, according to new data that highlights rising perceptions of affluence in one of Europe’s richest economies.

This week’s overview of people moves in the investment industry includes new leadership appointments at ING Group, Carne Group, and Haca Partners.

As commercial director at Baloise Vie Luxembourg, Tine Vanmassenhove guides wealthy Belgians through the world of Luxembourg investments. The grand duchy has undeniable advantages, she says, though these are now most pronounced for larger fortunes.

This week’s overview of people moves in the investment industry includes new leadership appointments at Debevoise & Plimpton, Arendt, LPEA, and Eversheds Sutherland.

Asian investors are turning to Luxembourg as their preferred gateway to global private markets. The flows are quiet but transformative.

Investre founder Georges Bock urges Luxembourg to stay ahead as blockchain reshapes the fund industry, warning that technology is advancing too quickly for comfort.