Bettel, Backes inaugurate BoA’s Luxembourg office
The Luxembourg government, represented by prime minister Xavier Bettel and finance minister Yuriko Backes, on Tuesday officially inaugurated Bank of America’s new branch in Luxembourg. The office was already opened on 10 May.
UI eyes distribution boost by partnering with Alumia
Universal Investment Group on Wednesday announced the launch of a new Luxembourg-based joint venture together with investment advisory Alumia, a MiFID regulated investment advisory firm providing clients with access to innovative investment strategies.
Apex’s growth in Luxembourg reflects shift in global landscape
In this IO Talks podcast interview, Peter Hughes, CEO and founder of Apex Group, and Pierre Weimerskirch, the firm’s Luxembourg head, discussed strategic ambitions in Luxembourg, highlighting the region’s increasing dominance in the global investment landscape.
Blackstone Europe sets up new office in Luxembourg
Blackstone, the world’s largest alternative asset manager, has transitioned its Luxembourg offices to a more expansive space in the Vertigo Polaris Building, demonstrating a solid commitment to its European operations in the Grand Duchy. The inauguration of the new location was marked by a special event on Wednesday, graced by the presence of Luxembourg’s Prime Minister, Xavier Bettel, and Blackstone’s CFO, Michael Chae.
Fuchs in buyout with Trustmoore, rebrands as Funds Avenue
Luxembourg-based fund services firm Fuchs Asset Management, which saw its parent company enter liquidation in July, is embarking on a new chapter through a strategic partnership with Trustmoore, a fund services company headquartered in Amsterdam.
Geddes named head of UK at Apex, Cannella to lead TMT at EY
This week’s overview of transfers and appointments includes appointments at Apex Group and at EY.
Stephen Geddes
Stephen Geddes (photo) has been appointed as regional head for the United Kingdom at global asset services provider Apex Group. He joined Apex from Mainspring Fund Services, where he was the founder and CEO. Apex acquired Mainspring in September last year.
FE fundinfo buys Adjuto, boosting French, Swiss client base
FE fundinfo, a Luxembourg-based specialist in fund information, has announced the acquisition of Paris-based firm Adjuto. The move aims to bolster its fee and distribution channel management solutions. Financial details were not disclosed.
‘Distribution is still key to the success in asset management’
La législation à venir, qui pose des défis à l’industrie de la distribution de fonds - notamment l’ajout d’exigences en matière de rapports et l’augmentation des coûts - sera au cœur de la Global Distribution Conference de l’Association of the Luxembourg Fund Industry, connue sous le nom d’Alfi, qui se tiendra mercredi. «La distribution reste la clé du succès de l’industrie de la gestion d’actifs», a déclaré Steven Libby, associé et leader Emea AWM chez PwC et membre du conseil d’administration de l’Alfi, qui agira en tant que maître de cérémonie lors de l’événement de mercredi.
Apex eyes growth in Korean asset management sector
Global financial services provider Apex Group on Monday announced the initiation of its business operations in South Korea. The move aims to offer extensive solutions to global asset management clients and solidifies the firm’s presence in the Asia-Pacific region.
Capita’s Chantal Free appointed as CEO at Ocorian
Chantal Free has been appointed at the new chief executive officer at Ocorian, a global asset services provider that also is present in Luxembourg.
Free joins Ocorian from Capita where she was CEO of their portfolio division, leading a portfolio of businesses across a range of sectors including insurance, legal, consulting and technology. Previously she spent 23 years at Willis Towers Watson, the global risk and people consulting and brokerage firm, where she held several senior roles in Asia and Europe.