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Date
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July 18, 2023
Asset Managers,Supervision

Fuchs & Associés enters liquidation, Fuchs AM up for sale

The Luxembourg District Court on Tuesday ordered the dissolution and liquidation of 23-year old investment firm Fuchs & Associés Finance SA and appointed a liquidator and an official receiver. Luxembourg’s financial supervisor CSSF, noting “serious …
July 18, 2023
Private Banks,Wealth Managers

Four Luxembourg private banks get top Chambers ranking

Four private banks in Luxembourg have received the highest ranking in the latest “High Net Worth” report by London-based rankings and insights intelligence company Chambers and Partners. Bank Julius Baer Luxembourg S.A., Banque de Luxembourg SA, Banque …
July 17, 2023
Sector,Laws and Regulations

Luxembourg, upgrading funds law, seeks pole in Eltifs

The 60-seat Luxembourg parliament has finalised its adoption of a major upgrade of five investment laws, making its popular international framework for investment funds even more attractive for new types of funds coming into the market, in particular …
July 17, 2023
Asset Managers,Private Banks,Asset Servicing

Podcast: LFF CEO Mackel on talent, competition, elections

  Nicolas Mackel, the CEO of the Luxembourg for Finance development agency and considered as the  de facto  ambassador of Luxembourg's financial sector, speaks to Investment Officer's Raymond Frenken in this edition of IO Talks. Among the topics …
July 17, 2023
News,Sector

IO Talks: Luxembourg’s finance ambassador Nicolas Mackel

Nicolas Mackel, the CEO of the Luxembourg for Finance development agency Luxembourg for Finance and considered as the  de facto  ambassador of Luxembourg's financial sector, speaks to Investment Officer's Raymond Frenken in this IO Talks podcast.   Among …
July 14, 2023
Technology,Investing

Accelex seeks to overcome private equity data obfuscation

Globally active Accelex has set up in Luxembourg to sell its next-generation software as a service solution aimed exclusively at private markets because of the country’s leadership in private assets. The UK-headquartered company sees itself playing a key …
July 13, 2023
Laws and Regulations

Plans to manage mass fund redemptions draw pushback

Global financial regulators and industry insiders clashed over the implementation of liquidity management tools (LMTs) to mitigate the impact of mass redemptions in open-ended investment funds at a meeting in Dublin on Wednesday. The Financial Stability …
July 12, 2023
Sector,Laws and Regulations

Luxembourg turbocharges its financial hub with tax exemptions

Luxembourg’s parliament, with 55 votes in favour and only two against, has embraced a highly anticipated law that revamps its legislative arsenal for investment funds. Several fund categories, including European Long Term Investment Funds (Eltifs) and …
July 12, 2023
Opinion

In Flux: Singing the Aladdin song at Quintet

Just over one year into his tenure as Chief Executive Officer at Quintet, Chris Allen has unveiled a significant next move for the Luxembourg-headquartered private bank. The partnership he has brokered with BlackRock aims to inspire a fresh way of working …
July 12, 2023
Asset Managers,News

Rates high for longer, hurting commercial real estate

Hopes in the commercial real estate sector that central banks would lower interest rates due to declining inflation have been dashed. Interest rates are staying high for longer, causing problems, particularly for those who borrowed heavily during the …