Fitch has upgraded Casablanca-based BMCE Capital Gestion’s asset manager rating to M2+ from M2 to reflect its renewed IT infrastructure having implementated portfolio and risk management solution, Sophis Value.
Ratings agency Fitch has downgraded Swiss bank UBS while placing French banks BNP Paribas, Credit Agricole, Société Générale and Banque Fédérative du Credit Mutuel as well as a number of global banks on negative watch.
Luxembourg’s private banking industry is being challenged to adapt to an
ever-changing client base. Banque de Luxembourg’s Luc Rodesch talks about how it has kept up to speed.