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Norway’s €1.7 trillion wealth fund in conflict with Musk over pay

Norway’s sovereign wealth fund, the world’s largest asset manager, has become embroiled in an escalating conflict between CEO Nicolai Tangen and Elon Musk, after recently released text messages revealed a heated exchange over Tesla’s $50 billion pay package.

Luxembourg’s Private Banking Advantage: Leading the Transformation in Wealth Management

Luxembourg has firmly established itself as a rising star in the global wealth management market, standing alongside the U.S. and the U.K. and pulling ahead of Switzerland. According to a recent report by Luxembourg for Finance, the country’s International Market Volume (IMV) share among global wealth management centres has grown from 4.2 percent in 2020 to 4.6 percent in 2023.