Private Banks

Chris Allen (L) and Stephen Cohen (R). Photo: Quintet.
Private Banks
July 6, 2023

Quintet partners with BlackRock to boost investment services

Quintet Private Bank, headquartered in Luxembourg and operating across Europe, on Thursday said it…
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Gilles Pierre, ABBL
Asset Managers
June 30, 2023

ABBL claims success in lobbying effort on third-country branches

The association representing Luxembourg’s banking industry has claimed success in its lobbying…
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Tom Loonen and Jan Saalfrank of Pinsent Masons. Image: IO.
Asset Managers
June 28, 2023

Greenwashing: lessons for investment managers

The road to hell is paved with good intentions. This applies also for well-intended regulations on…
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Degroof Petercam's offices in Luxembourg.
Private Banks
June 16, 2023

‘Crédit Agricole, ABN, Swiss to bid for Degroof Petercam’

Crédit Agricole, ABN Amro, and “one or two Swiss private banks” have been named as finalists in the…
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Pictet Asset Management has an office on the Kirchberg Plateau in Luxembourg. Photo: IO
Asset Managers
June 2, 2023

Pictet moves its European hq out of Luxembourg

Swiss private bank Pictet has decided to move its European headquarters to Frankfurt, relocating the…
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Millennials, photo by Emma Frances Logan via Unsplash
Private Banks
May 24, 2023

EY: Luxembourg clients more inclined to seek advice

Given the increasing complexity of financial markets, private banking clients in Luxembourg…
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CEO DeGroof Petercam: ‘Importance of my role is overestimated’
Asset Managers
May 6, 2023

Degroof Petercam operating result declines 16%

Referring to a “challenging year”, Belgian investment house Degroof Petercam on Saturday said that…
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Degroof Petercam's offices in Luxembourg. Photo: Degroof Petercam.
Asset Managers
May 3, 2023

Owners of Degroof Petercam want to sell their shares

Belgium’s largest independent private bank, Degroof Petercam, is considering a major reshuffle of…
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Banque Havilland. Photo: BH.
Private Banks
May 2, 2023

Banque Havilland sells custody unit in private banking refocus

Banque Havilland, a Luxembourg private bank owned by British property developer David John Rowland…
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Guy Hoffmann, chair of the ABBL. Photo: ABBL.
Private Banks
April 28, 2023

Luxembourg banks brace for economic downturn

Grand Duchy banks are taking action to prepare for an economic downturn, according to bank sector…
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The BCEE/Spuerkees head office in the centre of Luxembourg. Photo: BCEE.
Private Banks
April 24, 2023

Interest bounty underpins BCEE banking income

The BCEE, one of Luxembourg’s main domestic banks and commonly known as the Spuerkees, credited…
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Brazilian private bank BTG pays €21.3 mln for FIS Privatbank
Private Banks
March 28, 2023

Brazil's BTG buys FIS to expand from Luxembourg

BTG Pactual, the largest investment bank in South America, said it acquired Luxembourg-based private…
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Luxembourg investment funds lost €831 billion during 2022
Private Banks
March 27, 2023

CSSF: 23 of 120 Luxembourg banks not profitable in 2022

Total interest income at Luxembourg’s 120 credit institutions last year surged 39 percent as most…
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Quintet's head office in the centre of Luxembourg town. Photo: IO.
Private Banks
March 23, 2023

Quintet posts first profit since 2018 as rate margins improve

Luxembourg-headquartered Quintet Private Bank on Thursday posted its first net profit in four years…
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