OCBC's private banking arm has been granted a licence to operate a wealth management subsidiary in Luxembourg. A new unit set up by Bank of Singapore will be able to offer services to its wealthy clients in the European Economic Area (EEA) and in Britain, the bank said. The EEA comprises the European Union countries as well as Iceland, Liechtenstein and Norway.
Read MoreZURICH (Reuters) - Swiss bank UBS (UBSG.S) will swap out leadership at its Luxembourg wealth management (WM) unit in October amid changes in the region, including the Swiss bank’s move in January to acquire Nordea’s private banking business there.
Read MoreLuxembourg state gives additional €26 million to develop bachelor's in medicine and specialized oncology, neurology training.
Read MoreLuxembourg's parliament, the Chambre des Députés, is expected to ratify the convention on social security signed last November between Luxembourg and China. The document aims to guarantee the social security rights of both Luxembourgish and Chinese citizens working in the other country. MPs are expected to ratify the agreement in a session of parliament on Wednesday.
Read MoreAmong European Union (EU) countries, Luxembourg boasts the second-highest number of workers – between the ages of 15 and 64 – who work from home (12.7%), according to statistics bureau Eurostat.
Read MoreThe law firm formalizes the opening of its New York office headed by Nicolas Fermaud. The firm Elvinger Hoss announced on Tuesday the opening of its office in New York. "Elvinger New York" aims to follow the needs of its customers in the US market through a permanent presence.
Read MoreNano-satellite maker GOMspace has received nearly €1.5 million in the form of a ''development contract'' offered by the Luxembourg National Space Programme LuxImpulse. The funds, allocated by the European Space Agency, will be used by the Denmark-headquartered company to develop a new product, dubbed the Mega-Constellations Operation Platform (MCOP).
Read MoreSelected by Luxinnovation together with the LHoFT, Paul Wurth Incub, Lux Future Lab, Technoport and Nyuko, five Luxembourg start-ups will have the opportunity to embark on a trip to the US. An intense schedule full of training, business meetings and networking events is awaiting Algoreg, Travelsify, Yokato, Tetrao and Nomoko.
Read MoreThe head of financial development for Luxembourg said a string of overseas banks and fund managers had explored moving London staff to the tiny country since the Brexit vote. Nicolas Mackel said there had been “strong interest” from the US and other non-EU firms assessing their options since June’s referendum.
Read MoreLondon-based M&G Investments is planning to transfer €39 billion of non-sterling share classes to Luxembourg. Holders of euro, Swiss francs, US dollars and Singapore dollars held in 21 of the company's UK-domiciled funds will be moved to equivalent SICAV funds in the Luxembourg range, the company announced on Wednesday.
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