It was announced on Wednesday that Britain will take on rival financial centres Ireland and Luxembourg, by cutting the time it takes to authorise investment funds. From April, the period for European…
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BNP Paribas closes deal with Commerzbank
Germany: BNP Paribas has begun migrating funds after the closing of the acquisition of Commerzbank Depotbank was completed on the 31st of October. BNP had signed for the acquisition in July. BNP…
Headhunter leaps to Luxembourg
Article written for Delano, by Aaron Grunwald • News • Business • 05.11.2013 Careers: Rising demand for specialists in “alternative funds” has convinced a recruitment firm’s European chief to relocate to the…
Aberdeen Asset Management to buy Scottish Widows
Aberdeen AM is on track to buy Scottish Widows Investment Partnership for £500m. The deal, described as ‘transformational’ by Fitch Ratings, would result in the company becoming Europe’s biggest publicly traded investment…
The gap in fund efficiency between Luxembourg and Ireland closes.
For automating fund orders through transfer agents, the gap between Ireland and Luxembourg has closed, with Luxembourg making a gain on Ireland. Luxembourg’s automation rate increased in the second quarter to 74.9%,…
Goldman Sachs to Acquire RBS Global Treasury Funds
Goldman Sachs Asset Management is set to buy a range of money market funds; Global Treasury Funds, which are managed by RBS Asset management and domiciled in Ireland. Comprised of constant net…
Funds Partnership EMEA Director Relocating to Luxembourg.
Funds Partnership’s EMEA Director Rana Hein-Hartmann has relocated to Luxembourg from London. The move comes after several years of consistent growth in business from The Grand Duchy with Rana travelling between the…
Absolute return Dividend Launched by Amundi
The launch of an absolute return global dividend fund has been announced by French giant Amundi. It will be managed by its affiliate BFT Gestion. The firm has claimed that the ‘Amundi…
Luxembourg: CSSF board appointment criticised
Luc Frieden has been criticised by the head of ProInvest, an investor-protection group, over the appointment of his senior advisor to the board of the CSSF. Ms Sarah Khabirpor was appointed to…
French Expansion for Luxembourg’s Alter Domus
Alter Domus, a real estate and private equity fund services provider, have launched an expansion into the French market. The Luxembourg-based firm also currently operates in the Channel Islands, but as a…