Luxembourg fund industry targets Nordic managers

Manufacturers of funds in the Nordic region have been targeted by the Association of the Luxembourg Fund Industry in a roadshow over the past week that has highlighted the path to broader European distribution via Ucits vehicles and Luxembourg domicilation.

Taking place  in Stockholm on 23rd, and Copenhagen on 24th October, the seminars put forward latest ideas and information on regulatory, product development and distribution opportunities that are linked to the Grand Duchy’s positioning as a financial centre in Europe.

Presentations and panel discussions covered topics including:

  • Brexit and the future of Europe’s financial services industry, discussed by Nicolas Mackel, CEO, Luxembourg for Finance,
  • Panels on:
  • Brexit, Fintech, the ESA review and the Capital Markets Union,
  • 30 years of Ucits
  • Developments in alternative vehicles, including the Reserved Alternative Investment Fund vehicle offered by Luxembourg
  • Sustainable investing and ESG, with insight from the LuxFLAG labelling regime.

A number of Nordic mangers have already made the move to Luxembourg in the past. Brands such as Nordea and DNB have entrenched businesses in the jurisdiction from which they achieve broader distribution across the region. There are others, however, which may be more in the small and mid-sized part of the industry spectrum, that are thinking about how to grow assets going forward, and how best to achieve this while also growing the distribution footprint.

However, as Northern Trust has commented in Nordic Hedge, while it is possible to set up a presence in Luxembourg, there are other issues to consider, such as business practice and operating models, as adjustments may be required to maximise the benefits of establishing such a presence.

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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