Bank of Singapore to open Luxembourg wealth manager
The private banking arm of OCBC Bank has received regulatory approval to launch a wealth management subsidiary in Luxembourg.
Luxembourg
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Law firm adds insurance and private wealth service
Law firm Ogier has launched an insurance and private wealth service in Luxembourg.
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Life assurer chief executive departs over differing views
Different views on the strategy and direction of Luxembourg-based life assurer OneLife has seen chief executive Marc Stevens leave the company after four years.
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Australia’s Macquarie Group to buy Luxembourg asset manager
The investment management division of Macquarie Group is to acquire Luxembourg-based ValueInvest Asset Management for an undisclosed sum.
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Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
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Asian investment bank gains Ucits licence
A Luxembourg subsidiary of Asia-headquartered Nomura Bank has been granted a licence to operate as a Ucits management company.
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Invesco expands Luxembourg-domiciled Ucits range
Invesco has expanded its Luxembourg-domiciled Ucits range with the launch of the Sustainable Allocation and Global High Yield Short Term Bond funds.
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Offshore firm bolsters Luxembourg and Mauritius offering
Jersey-based corporate, alternative investment and private client services provider Ocorian has completed its acquisition of Luxembourg and Mauritius-based MAS International.
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EU considers removing Ireland’s tax veto powers
With Luxembourg, Malta and Ireland continuing to block ambitious EU plans to reduce tax dodging, the European Commission is now considering triggering a neglected treaty article that would allow them to suspend veto powers on tax matters.
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Tax haven blacklist ‘not credible’ if four EU countries excluded
To stop its blacklist being whitewashed, the European Union should include Ireland, Luxembourg, Malta and the Netherlands on its list of tax havens when it is published on 5 December, Oxfam has warned.
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Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).
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Luxembourg’s ‘provocative’ Brexit solution for financial services
In a speech examining the impact of Brexit on European Financial Centres Luxembourg finance minister Pierre Gramegna says the UK has five Brexit options to choose from.