Gestionnaires de patrimoine

Separate moves by Swiss-based EFG and Edmond de Rothschild highlight the intensifying competition among firms seeking scale and specialisation in a rapidly evolving sector.

Wealth managers must accelerate their transformation or risk falling behind in an increasingly competitive industry. Sustainability has become a lesser priority, according to EY’s latest annual resolutions.

Private banking stands at a pivotal moment, as institutions navigate the balance between technological innovation and the fundamental human relationships that define wealth management. While digitalisation offers efficiency and scalability, it cannot replace the trust and personalisation that high-net-worth clients expect.

The Luxembourg government on Monday unveiled its 2030 roadmap for developing the financial sector, placing financial innovation at the centre of its ambitions to remain a leading global financial hub. Climbing the international financial-sector value chain, beyond ‘fund services’ and creating more front-office jobs, now has been defined as an official government ambition.

Degroof Petercam has appointed Sylvie Huret as its new chief executive, succeeding Hugo Lasat, who will step down at the end of 2024 after three years at the helm.

Luxembourg-based Intesa Sanpaolo Wealth Management is positioning itself to lead the charge into a new era of digital private banking.

Un gestionnaire d’actifs en ligne, avec un seuil d’entrée de 7500 euros, avec des contacts personnels si nécessaire : c’est avec cette offre que le gestionnaire néerlandais est arrivé sur le marché belge des investisseurs. Aux Pays-Bas, Axento s’occupe de plus de 4000 clients et gère un portefeuille exclusivement composé d’ETF actifs et obligataires. « Je serai très heureux si nous parvenons à attirer 500 clients belges en un an », déclare son directeur Laurens Leek.

Luxembourg’s private banks are falling short in their digitalisation journey, despite recognising its strategic importance, according to a new survey conducted by KPMG in collaboration with the ABBL.

ING Luxembourg is transferring approximately 18,000 retail clients with basic daily banking needs to BGL BNP Paribas.

This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Quintet Luxembourg, Candriam and Zedra Group.