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.
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.”