Private Banking and wealth management is one of the key industries in the small European country Luxembourg. In 2017, private banks were managing more than €360.7B. Key players in the country’s financial landscape are various multi family offices. We are introducing you to three interesting players.
#1: Stonehage Fleming Multi Family Office
Stonehage Fleming has its roots in the Robert Fleming & Co. bank founded in 1873 by the South-African with the same name. In 2014, the today existing multi family office arised through a merger with the Stonehage family office. One of the main offices in Europe is based in Luxembourg city. Other important European locations are london, Geneva or Zürich.
#2: WRM Asset Management
After working for Goldman Sachs, Nomura, Merrill Lynch and Citibank founded WRM Capital Asset Management as a multi family office. Today is the wealth manager with offices in Luxembourg and London also working for pensions funds, banks and funds. WRM offers usual asset management (with an entrepreneurial, turnaround and efficiency based approach), but also usual family office services.
#3: Global Management & Services S.A.
Launched in 1999, Global Management & Services S.A. is a leading multi family office in Luxembourg. Services range from usual wealth consulting to rather special concierge services. Also privacy is a big topic for GMS, offering encrypted communication lines.
Picture Source: Wikipedia Commons
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Relevant family office lists
- Rated 5.00 out of 5€699,99 including VAT
- Rated 5.00 out of 5€149,99 including VAT
- Rated 4.57 out of 5€999,99 including VAT
- Rated 5.00 out of 5€199,99 including VAT