This new record for the Luxembourg fund industry represents a 7.9% increase since the beginning of this year and is mainly due to net sales.
Japanese insurer, Aioi Nissay Dowa Insurance (ADI), has today become the latest leading global financial institution to announce plans to establish its European subsidiary in Luxembourg following the UK's decision to leave the European Union.
On 28 September, Luxembourg for Finance (LFF) and the Luxembourg Stock Exchange participated at the 1st international meeting of sustainable financial centres, organized by Casablanca Finance City together with the United Nations Environment Programme Inquiry (UNEP Inquiry).
Luxembourg’s Minister of Finance, Pierre Gramegna, was in China for high-level bilateral meetings this week, including with Minister of Finance Xiao Jie and Governor Zhou Xiaochuan of the PBOC. The Minister headed a delegation of more than 70 key decision-makers from Luxembourg’s financial services industry.
Luxembourg is one of the leading financial centres in the EU, together with London and Frankfurt. This was confirmed once again by the latest Global Financial Centres Index (GFCI 22). Climbing by four places, Luxembourg now ranks #14 out of 92 global financial centres overall.
Nicolas Mackel, CEO of Luxembourg for Finance, spoke with Sky News “Ian King Live” in London about the UK Brexit strategy and why Luxembourg is winning Brexit business.
Today, Tokio Marine announced that it will establish its new European subsidiary in Luxembourg following the UK’s decision to leave the European Union. Tokio Marine is aiming to have the new insurance company operational within the first half of 2018 to enable Tokio Marine HCC and Tokio Marine Kiln to start writing business, including with Japanese customers.
Long-term strategic investment by Legend Holdings to grow BIL franchise in Luxembourg, Europe and internationally
Luxembourg will act as EU-hub and drive Payconiq’s expansion with the support of international banks.
China Everbright Bank (CEB) has received approval to set up its subsidiary in Luxembourg. This strategic move will strenghten CEB’s operations in Europe and confirms Luxembourg’s position as the main gateway for Chinese banks into the European market.