Luxembourg
Emerging Markets | 21 Mar 17
Mobius to stand down as PM on 12 funds
Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
Investment | 28 Feb 17
GL Asset Management rolls out four sicavs to UK market
Andy Sullivan, BlackRock alumnus and new chief executive of GL Asset Management UK is debuting four Luxembourg-domiciled funds to professional investors.
Northern Trust expands in Europe with UBS buy
US-based Northern Trust Corp is to buy UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland.
Luxembourg hits record of €3.7trn AUM despite Brexit jitters
Assets under management in Luxembourg-domiciled funds grew by 7% to €3.74trn (£3.18trn, $3.97trn) last year, the latest data from the Association of the Luxembourg Fund Industry (ALFI) shows.
Tax & Regulation | 15 Feb 17
Panama Papers law firm bosses arrested and denied bail
The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, have been arrested and are facing money laundering charges.