Posted inFRENELUX

Banque de Luxembourg subsidiaries merge

Conventum Asset Management and BLI – Banque de Luxembourg Investments have joined forces, with effect from 1 January

Conventum is an investment fund management company for third-party fund initiators; whereas BLI is the asset management company of Banque de Luxembourg.

BLI manages more than 30 investment funds and held assets totalling €13.3bn as of the end of November 2020.

Conventum manages a range of more than 60 investment funds, with assets totalling €4.6bn as of 30 September 2020.

Banque de Luxembourg Investments will manage the 60-strong workforce from both companies, under the leadership of Guy Wagner, managing director of BLI.

Services to third-party fund inititors will be offered by BLI under the Conventum TPS (third-party solutions) brand.

Combined expertise

Wagner said: “The merger of the two companies will enable us to enhance our expertise as a portfolio management company and provider of services for third-party funds – and share the necessary investments to strengthen our operational, technical and control systems.”

Michèle Biele, director of Conventum, added: “By pooling the resources of both companies, the new entity will enable us to combine our respective expertise in the best interests of our current and future clients.”

Kirsten Hastings

Kirsten is international editor of Expert Investor and International Adviser. She joined Last Word Media in October 2015. Kirsten has a Masters in Financial Journalism from the...

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