Private Banks · Market outlooks

Luxembourg private banking growth outpaces Switzerland 

Image, Unsplash - Cedric Letsch

Private banks in Luxembourg have seen their assets under management double since the 2007-8 financial crisis, according to a survey conducted by KPMG and the Luxembourg Bankers’ Association (ABBL). The report observed that growth at Luxembourg’s private banks in 2020 outpaced growth at its counterparts in Switzerland.

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