Administration d’actifs

Luxembourg’s Raif market shows resilience in 2024, but Investment Officer’s data analysis shows slowing sub-fund launches, revealing growing caution in alternative fund markets.

State Street on Tuesday started construction on its new Luxembourg headquarters in the Cloche d’Or district.

Luxembourg’s depositary banking sector is undergoing a structural shift as demand for alternative investment funds (AIFs) continues to rise.

With EU citizens holding around 34 trillion euros in savings—one-third of which sits in bank deposits—Luxembourg sees an opportunity in European pension reform.

State Street and SS&C Technologies are dismantling their IFDS joint venture, restructuring transfer agency operations in Luxembourg and Ireland as automation and blockchain reshape fund distribution, streamlining investor interactions and enhancing transparency.

Long the dominant force in Europe’s cross-border fund industry, Luxembourg is now pivoting towards alternative investments as the asset management landscape shifts.

Luxembourg’s bold new tax incentives slash employment income taxation by 50 percent for newcomers as of this year. The new tax incentive aims to secure top global talent for its financial sector.

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.

While strides have been made in governance practices, significant disparities remain across regions and fund types, shows a fund governance survey conducted by PwC Luxembourg and the Luxembourg Institute of Directors, ILA.

This week’s overview of transfers and appointments in and around Luxembourg includes updates from UI Luxembourg, Waystone, Schroders and Moonfare.