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MercoPress, en Español

Montevideo, November 5th 2024 - 08:11 UTC

Tag: Grand Duchy

  • Thursday, January 24th 2019 - 07:26 UTC

    Luxembourg reaping London's financial services triggered by Brexit

    Last year, regulators in Luxembourg granted 80 new licenses for financial firms, some of which have publicly stated their intention to expand in the Grand Duchy

    Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.