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Wealth management professionals
What was the reaction of Banque de Luxembourg to the SIF law?We were quick to see that this structure could meet the needs of our existing and potential clients. We have been able to take a measured approach to this innovation as we already have long experience of investment funds. Neither we, nor our partners, will therefore have any problem adapting. "Know-how acquired over more than twenty years in investment funds and eighty years in private banking." What are the specific advantages of the SIF?It offers great adaptability and flexibility in terms of structure and management. SIFs make it possible to respond to a diverse range of requirements and manage a multitude of dif ferent assets. The array of possibilities offered by the SIF makes it easier for us to respond with tailor-made solutions at every stage, from set-up to administration. What is special about Banque de Luxembourg’s offer for a client interested in setting up a SIF?We could start by citing our expertise and know-how acquired over more than twenty years in investment funds, which is now one of the Bank’s key business areas: we manage nearly 30 billion euros of assets in over 350 funds and sub-funds, the majority for third-party promoters. I suppose that your competitors all claim similarly brilliant performances…Of course. But we can also draw on more than eighty years’ valuable expertise in private banking. This makes us a universal player in the sector, with a comprehensive range of services for our clients wanting to set up SIFs, for themselves or for third parties. Nico Thill, 
A private equity company wanted to offer a group of top private investors a diversified product investing in different sectors with future potential over a total investment period of eight years. To do this, we created a SIF to invest in companies owning planes, boats and wind farms. The investments can be in capital or in loan form. The first three years are devoted to progressive investments, with funds called up from clients as needed. The capital gains made in this first phase may be reinvested in other SIF projects.
If investors do not wish to set up a dedicated management company, the subsidiary Conventum Asset Management can arrange for an external asset manager to look after the investment activities. Banque de Luxembourg works mainly with fund managers who share its philosophy in setting up and managing funds. Asset managers from all round Europe are showing increasing interest in the collective management solution offered via funds to streamline client account management and establish an official track record. Click here to order your free copy of Professional Banking magazine This interview is taken from our Professional Banking magazine. If you would like to ask Nico Thill a question, please click here
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