BLI: We invest to make money, not to beat a benchmark

The Grand Duchy hosts few portfolio management operations, despite being a world leader for cross-border asset and fund servicing. Banque de Luxembourg Investments (BLI) is an exception. According to managing director Guy Wagner: “We are a small boutique asset manager with private banking DNA.”

Stricter governance rules for Lux banks, investment firms

Substantial governance-reform targets have been set for banks and investment firms by the CSSF. Some quick changes are required, but otherwise the regulator’s circular letter 20/759 seeks to drive long-term culture change on boards of directors regarding risk, diversity, and sustainability.

Quintet ajoute du risque à court terme

Quintet Private Bank table sur une reprise mondiale accélérée au printemps et recommande de rechercher plus de risques à court terme. La banque est surpondérée en actions, surtout d’Amérique et des marchés émergents.

C’est ce qu’écrit Bill Street de Quintet Private Bank dans une analyse de l’économie mondiale, des marchés financiers et des principales catégories d’investissement pour 2021.

Goldman Sachs opens Luxembourg branch

Goldman Sachs has registered a new banking entity in Luxembourg this November. The new entity, a branch from Goldman Sachs Bank Europe in Frankfurt, will support the bank’s European business across the private banking, investment, and wealth management space.

The group’s Luxembourg-based entities have grown significantly in recent years, and now include a bank, a fund management company and a number of mutual funds and investment vehicles.

 

Bank Delen's René Havaux: ‘We would like to do more acquisitions’

Bank Delen would like to do more acquisitions in the Benelux, says its CEO in an interview with Investment Officer. ‘The Luxembourg market is difficult though, because of the fiscal differences. So we would need to buy a local Luxembourg player with local clients. There are not many of those.’

The integration of Bank Delen’s recent acquisitions in the Netherlands is going smoothly, says Havaux. ‘The customers of Nobel Vermogensbeheer [which Delen acquired in 2019] have all moved to our funds.’