LUXEMBOURG > Switzerland based Swissquote Group is set to buy Interactive Investor’s Luxembourg operation Internaxx Bank SA for 27.7 million euros ($32 million)

Swissquote logo For focusing in the UK platform business, Interactive Investor is set to sell its Luxembourg operation to Switzerland based Swissquote Group. The transaction is subject to regulatory approval by the CSSF and the ECB in Luxembourg. According to Richard Wilson, chief executive of Interactive Investor: “This last year has been the start of an exciting journey as we continue to More …

LUXEMBOURG > Australia based Macquarie Group investment management division, Macquarie Investment Management, is set to acquire Luxembourg based ValueInvest Asset Management S.A

Macquarie logo Macquarie Investment Management is set to acquire ValueInvest Asset Management. A specialized asset management business that pursues a unique value- oriented investment strategy, ValueInvest invests across the globe and in Japanese equities. ValueInvest is headquartered in Grand Duchy of Luxembourg and has around €4 billion ($4.94 billion) in assets under management as of 31 December 2017. Although the terms of More …

LUXEMBOURG > Lawson Conner Group and Fuchs Asset Management team up to expand its ManCo services to offer a one –stop solution to its international client base

Lawson Conner logo Two leading investment management firms have collaborated for one- stop solution for ManCo services into Luxembourg. Lawson Conner Group is teaming up with Fuchs Asset Management. Lawson Conner Group is a compliance and regulatory outsourcing firm while Fuchs Asset Management is the asset management arm of a well-established, family-run finance group, located in Luxembourg, Belgium and Switzerland. According to Gerhard Grueter, Managing Director of Lawson More …

LUXEMBOURG > US based Citibank is set to open a branch in Luxembourg after Brexit

citibank logo After Brexit, US based Citi bank is set to open a European private banking hub in Luxembourg. This news has been confirmed by the bank’s private bank which services clients with more than $25 million in total assets will benefit from the booking center in Luxembourg to mitigate potential disruption to business that might result from Brexit. Other banks especially More …