UBS is streamlining the operating model of its Luxembourg Management Company (ManCo) to focus on serving its in-house funds.
Clients who use a white-label service through UBS will be able to transition to Universal Investment, UBS’s preferred third-party fund management company in Luxembourg.
Universal – which has an established Luxembourg business – is continuing to invest in its ManCo and fund services capabilities.
Both firms have stated a commitment to supporting a smooth and client-focused transition, with a strong emphasis on service continuity and disciplined execution.
Francesca McDonagh, CEO of Universal Investment Group, said: “We are delighted to have been chosen by UBS as a trusted ManCo partner, enabling its clients to benefit from Universal Investment’s nearly 60 years of expertise and our long-standing presence in Luxembourg.
“We are committed to delivering a seamless transition, with a strong focus on service continuity and disciplined execution.”
