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SpanishCaixaBank AM - Celebrating 30 years of Excellence in Finance
Topics: Asset Management, Fund distribution
The CaixaBank Asset Management Group is part of the recent history of the financial sector in Luxembourg. This year marks the thirtieth anniversary of the establishment of CaixaBank Asset Management Luxembourg, a milestone that not only celebrates the continued success, but also the commitment to the CABK Group’s Private and Institutional banking clients in Europe.
In February 1994, our Portuguese bank, BPI first took its first steps in Luxembourg with the launch of a Fond Commun de Placement (FCP) and the establishment of a ManCo.
Over the years, the CaixaBank Group has demonstrated its ability to compete with the big players in the market, diversifying and expanding its reach. In 2012, the launch of two CaixaBank SICAVs marked another significant milestone in its evolution and commitment to the marketplace, offering even more investment opportunities and consolidating its position in the asset management industry.
But the definitive step forward came in 2018 with the absorption of Banco BPI by CABK where the Group, decided to transform the former ManCo and create CaixaBank Asset Management Luxembourg reorganizing the three vehicles under a single entity, a strategic addition that further expanded the range of services offered by Caixabank.
Luxembourg, with its reputation as a world-renowned financial center, has been key to the success of CaixaBank Asset Management Luxembourg. With its favorable regulatory environment and world-class infrastructure, it provides the perfect backdrop for the Asset Management industry to flourish and prosper. In addition, the country’s strategic location in the heart of Europe makes it an ideal access point for investors from all over the world.
Although CaixaBank Asset Management Luxembourg is a small-sized asset manager compared to the market giants, its client-centric approach, unrivaled expertise, commitment to excellence and close relationship with the bank and Private Banking have enabled it to stand out and earn the trust of its clients over the years. Today, CaixaBank Asset Management Luxembourg manages assets of over three billion euros. However, this is only the beginning. With the recently launched UCIT Alternatives project, CaixaBank Asset Management Luxembourg has not only increased its assets under management, but demonstrates its continued commitment to Luxembourg and its commitment to sustainable growth in the region.
On its thirtieth anniversary, CaixaBank Asset Management Luxembourg not only celebrates its past achievements, but also looks to the future with renewed determination and ambition. With an unrivaled team and its client-centric approach and commitment to excellence, CaixaBank Asset Management Luxembourg is ready to continue leading the way in the asset management industry in Luxembourg and beyond.
“The definitive step forward came in 2018 with the absorption of Banco BPI by CABK where the Group, decided to transform the former ManCo and create CaixaBank Asset Management Luxembourg reorganizing the three vehicles under a single entity, a strategic addition that further expanded the range of services offered by Caixabank.”
