BLI - Banque de Luxembourg Investments, the asset management company of Banque de Luxembourg, and Conventum Asset Management, investment fund management company for third-party fund initiators, are combining their activities with effect from 1 January 2021.

BLI - Banque de Luxembourg Investments will manage the 60-strong workforce of the two entities, under the leadership of Guy Wagner, Managing Director of BLI. Services to third-party fund initiators will be offered by BLI under the Conventum TPS (Third Party Solutions) brand.

"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," explains Guy Wagner.

The merger will strengthen the positioning of BLI - Banque de Luxembourg Investments by capitalising on the combined skills, expertise and systems of Conventum Asset Management and BLI, with the ambition to continue to develop a full range of offers within two key business lines: portfolio management services and investment fund management company services for third-party initiators.

“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," adds Michèle Biel, Director of Conventum Asset Management. "The teams’ formidable experience will be the foundation for the development of our business in a constantly-evolving market and regulatory environment.”