Comment & Analysis
Should private banks double down on asset servicing, or step back?
In the early 2010s, many Luxembourg private banks expanded into asset servicing as a stable, fee-based business, leveraging the country’s role as a fund hub. From 2018 to 2024, assets under management grew by nearly 80%1 while the number of asset servicers stayed broadly stable. At the same time, banks…
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Click here to read the full story: Deloitte