Luxembourg
Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).
Luxembourg’s ‘provocative’ Brexit solution for financial services
In a speech examining the impact of Brexit on European Financial Centres Luxembourg finance minister Pierre Gramegna says the UK has five Brexit options to choose from.
Commodities | 26 Oct 17
Luxembourg commodity finance Sicav suspended
A second Luxembourg-regulated, commodity finance-related fund has halted operations this year after the directors of the Blackstar Commodities Fund suspended redemptions and the conversion of shares in its Sicav.
Sanne to acquire $8.3bn Luxembourg firms
Global alternative asset and corporate administration services provider Sanne has agreed to acquire Luxembourg Investment Solution (LIS) and Compliance Partners (CP).
Commodities | 1 Aug 17
Benchmark huggers? Not in Luxembourg, claims regulator
There are no benchmark huggers in Europe’s biggest fund centre, Luxembourg’s financial regulator CSSF has claimed, “except one isolated case.”