Northern Trust makes Brexit play by establishing Luxembourg bank
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.
Tag: Luxembourg
Hong Kong and Luxembourg regulators sign funds recognition agreement
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
RBC I&TS appointed administrator for Japan’s AMOAI
The mandate will cover AMOAI’s first global Luxembourg-domiciled infrastructure debt vehicle, Cosmic Blue PF Lotus FCP.
SimCorp expands custody and fund admin offering to Luxembourg
The new business builds on agreements it signed with KAS Bank and Societe Generale Securities Services to use SimCorp Dimension for their custody services.
SS&C GlobeOp appoints new country head for Luxembourg
Haggart previously served as head of fund accounting, and prior to joining SS&C in March 2017 he spent almost nine years at EY in Luxembourg.
Ipes secures approval in Ireland and Luxembourg
The regulatory approvals come ahead of Apex Fund Services planned acquisition of Ipes, expected to close at the end of the third quarter.
Ireland expected to overtake UK and US as favoured fund domicile
Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.
Clearstream adds Luxembourg private bank to fund platform Vestima
The scope of the services will include order execution, settlement and asset servicing for its mutual and hedge funds.
EFA raids Credit Suisse Luxembourg fund services for private asset team
European Fund Administration adds new names from Credit Suisse including head of private equity and real estate administration for Luxembourg.
FundRock to acquire Lux-based SEB Fund Services
The move will enable FundRock to expand its fund services to Nordic asset managers, taking on SEB Fund Services’ 20 employees.