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On 1 February 2017, the Luxembourg Bankers’ Association (ABBL) has officially launched a Forum entirely dedicated to External Asset Managers Servicing Banks (EAM) within the context of its Private Banking Group, Luxembourg (PBGL) cluster. After consultation with its members, the ABBL has identified a need to strengthen the flow of information with the ABBL members providing custody asset servicing to independent, professional, third party, discretionary asset managers and their clients with possible extension to Family Offices. Furthermore, the Forum will act as a think tank where members are mandated to define common strategic priorities and take concrete actions.
The topics assigned to it include, among others:
- The coordination on best practices
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