Asset Servicing

Luxembourg’s financial sector is recruiting Belgian talent from the local market or trying to lure them to the Grand Duchy. Although Luxembourg remains the top destination for Belgians seeking to work abroad, the number of those actually doing so has stagnated.

“Diversification is the only free lunch in investing,” said Harry M. Markowitz, the father of modern portfolio theory. He referred to the idea that broad diversification is likely the best way to limit portfolio risk without sacrificing returns.

Simplifying workflows through smart design and automation can cut costs and future-proof private asset management in a shifting investor landscape.

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.

A powerful combination of artificial intelligence, looming regulation and shifting market dynamics is shaking up the opaque world of ESG data providers.

Standardized tax recovery processes often miss non-routine events, such as spin-offs. The Vivendi case highlights why fund managers should actively review all forms of cross-border withholding tax exposure.

At the heart of financial research lies a seemingly simple question: what is the risk-return profile of stocks and corporate bonds? New research based on the Belgian stock market from 1850 to 1913 shows that the answer changes fundamentally when illiquidity is taken into account.

External portfolio reviews are becoming a core strategic tool for wealth managers navigating volatile markets. For firms like Natixis Investment Managers, Blackrock, and Morgan Stanley, these second opinions deepen client engagement and sharpen their competitive edge.

The number of licensed management companies in Luxembourg has held steady at 298. But this surface stability masks a quiet transformation in the Grand Duchy’s asset services industry.