Catella sells off wealth management arm in Luxembourg

Sweden's Catella divests its wealth management operations in Luxembourg for EUR 10.60 million, selling to a Liechtenstein-based bank.

Knut Pedersen, CEO of Catella Group. | Photo: PR

Stockholm-based financial group Catella has decided to offload its wealth management operations in Luxembourg. The buyer is the Liechtenstein bank VP bank, which is paying EUR 10.60 milliion for the unit.

“VP Bank has the ambition and capacity to further develop the private banking offerings to Catella’s wealth management customers in Luxembourg. Catella and VP Bank will also enter a distribution partnership to develop and provide products for Nordic and European markets," says Knut Pedersen, CEO of Catella Group. He continues:

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch