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EDITORIAL

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07/23/2024 17:09:19

Issue 37 • July 2024




THE ALLURE OF WEALTH IN LUXEMBOURG

Luxembourg's attraction to wealth, and vice-versa, is multifaceted, rooted in
its unique economic structure, favourable tax policies, and high standard of
living





Briefing

Schroders Capital develops modern tokenised pilot programme




In Depth

An in depth look at Luxembourg





Feature

How BIL and Temenos completely transformed a bank




Feature

Myria: rebranding wealth



Thematic Take

Cybersecurity in banking







07/23/2024 17:09:19


EDITOR'S LETTER

Issue 37 • July 2024



Don’t miss out – sign up to our free industry-leading magazine and newsletters





In 2023, wealth growth across the world was 4.2% compared to the 3% contraction
in the previous year. This shows promising signs for the year ahead and the
sector in general.

This was driven by wealth growth in Europe, the Middle East and Africa, EMEA,
(4.8%), as well as Asia Pacific, APAC, at 4.4%.

According to UBS and its Global Wealth Report, adults in EMEA were the
wealthiest on average ($166,000), followed by APAC with ($156,000) and the
Americas ($146,000). However, average wealth grew at the slowest pace since 2008
at 41% compared to 122% in APAC and 110% in the Americas in the same timeframe.

Overall wealth has grown fastest in APAC – by nearly 177% since 2008 – and has
been accompanied by significant spike in debt, which has grown by over 192% in
the same timeframe.

It seems as if the difficult years of Covid-19 and startling inflation could be
over.

Patrick Brusnahan, editor







07/23/2024 17:09:19
 * 
 * 
 * 
 * Briefing
   News in Numbers
   Latest News
   Latest Deals
   Trends & Insight
 * In Depth
   The allure of wealth in Luxembourg
   Brooks Macdonald: caring about clients and growth
   How BIL and Temenos completely transformed a bank
   Q&A: BNY Mellon and Pershing on the rise of alternative investments
   We should be taking digital art seriously – our clients do
   EMEA is the most expensive region for the wealthy
   Banking on Gen Z: Revolutionising financial products for the next generation 
 * Thematic Take: Cybersecurity
   Thematic Take: contents
   Foreword: Cybersecurity in the age of AI
   Navigating the AI-driven cybersecurity landscape
   Key trends impacting cybersecurity
   Timeline: a history of cybersecurity
   Explainer: The most common types of cyberattacks
   The impact of cybersecurity in banking and payments
   Case studies: cybersecurity in banking
   Leading cybersecurity adopters and providers in banking & payments
   Latest news: cybersecurity in banking
   AI attacks now ‘the main cybersecurity concern’ for businesses across sectors
   The state of cybersecurity: AI and geopolitics mean a bigger threat than ever
   Companies’ own AI applications are ‘a huge cybersecurity problem’
   AI needed to tackle AI fraud – cybersecurity expert
   What are the main cybersecurity trends of 2024?
   Knowledge sharing puts finance sector among best for cybersecurity
   What does the Economic Crime Act mean for foreign investors to the UK?
   Regulators make crypto more attractive to institutions – NYU professor
   Finance firms and ex-spies: strange bedfellows in a war-torn world
   Deal activity related to cybersecurity in the retail banking industry since
   2021 
   Regulators must protect the cybersecurity market from a private equity
   takeover
   GlobalData Thematic Intelligence
 * Listings
   Events
   Innovation Rankings

Share:



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 * Home | The allure of wealth in Luxembourg
 * Editor's letter
 * Contents
 * Briefing
 * News in Numbers
 * Latest News
 * Latest Deals
 * Trends & Insight
 * In Depth
 * The allure of wealth in Luxembourg
 * Brooks Macdonald: caring about clients and growth
 * How BIL and Temenos completely transformed a bank
 * Q&A: BNY Mellon and Pershing on the rise of alternative investments
 * We should be taking digital art seriously – our clients do
 * EMEA is the most expensive region for the wealthy
 * Banking on Gen Z: Revolutionising financial products for the next generation 
 * Thematic Take: Cybersecurity
 * Thematic Take: contents
 * Foreword: Cybersecurity in the age of AI
 * Navigating the AI-driven cybersecurity landscape
 * Key trends impacting cybersecurity
 * Timeline: a history of cybersecurity
 * Explainer: The most common types of cyberattacks
 * The impact of cybersecurity in banking and payments
 * Case studies: cybersecurity in banking
 * Leading cybersecurity adopters and providers in banking & payments
 * Latest news: cybersecurity in banking
 * AI attacks now ‘the main cybersecurity concern’ for businesses across sectors
 * The state of cybersecurity: AI and geopolitics mean a bigger threat than ever
 * Companies’ own AI applications are ‘a huge cybersecurity problem’
 * AI needed to tackle AI fraud – cybersecurity expert
 * What are the main cybersecurity trends of 2024?
 * Knowledge sharing puts finance sector among best for cybersecurity
 * What does the Economic Crime Act mean for foreign investors to the UK?
 * Regulators make crypto more attractive to institutions – NYU professor
 * Finance firms and ex-spies: strange bedfellows in a war-torn world
 * Deal activity related to cybersecurity in the retail banking industry since
   2021 
 * Regulators must protect the cybersecurity market from a private equity
   takeover
 * GlobalData Thematic Intelligence
 * Sponsored Supplements
 * Listings
 * Events
 * Innovation Rankings
 * Next issue


 * Home | The allure of wealth in Luxembourg
 * Editor's letter
 * Contents
 * Briefing
 * News in Numbers
 * Latest News
 * Latest Deals
 * Trends & Insight
 * In Depth
 * The allure of wealth in Luxembourg
 * Brooks Macdonald: caring about clients and growth
 * How BIL and Temenos completely transformed a bank
 * Q&A: BNY Mellon and Pershing on the rise of alternative investments
 * We should be taking digital art seriously – our clients do
 * EMEA is the most expensive region for the wealthy
 * Banking on Gen Z: Revolutionising financial products for the next generation 
 * Thematic Take: Cybersecurity
 * Thematic Take: contents
 * Foreword: Cybersecurity in the age of AI
 * Navigating the AI-driven cybersecurity landscape
 * Key trends impacting cybersecurity
 * Timeline: a history of cybersecurity
 * Explainer: The most common types of cyberattacks
 * The impact of cybersecurity in banking and payments
 * Case studies: cybersecurity in banking
 * Leading cybersecurity adopters and providers in banking & payments
 * Latest news: cybersecurity in banking
 * AI attacks now ‘the main cybersecurity concern’ for businesses across sectors
 * The state of cybersecurity: AI and geopolitics mean a bigger threat than ever
 * Companies’ own AI applications are ‘a huge cybersecurity problem’
 * AI needed to tackle AI fraud – cybersecurity expert
 * What are the main cybersecurity trends of 2024?
 * Knowledge sharing puts finance sector among best for cybersecurity
 * What does the Economic Crime Act mean for foreign investors to the UK?
 * Regulators make crypto more attractive to institutions – NYU professor
 * Finance firms and ex-spies: strange bedfellows in a war-torn world
 * Deal activity related to cybersecurity in the retail banking industry since
   2021 
 * Regulators must protect the cybersecurity market from a private equity
   takeover
 * GlobalData Thematic Intelligence
 * Sponsored Supplements
 * Listings
 * Events
 * Innovation Rankings
 * Next issue

07/23/2024 00:00:00
Go to article: Home | The allure of wealth in LuxembourgGo to article: Editor's
letterGo to article: ContentsGo to article: BriefingGo to article: News in
NumbersGo to article: Latest NewsGo to article: Latest DealsGo to
article: Trends & InsightGo to article: In DepthGo to article: The allure of
wealth in LuxembourgGo to article: Brooks Macdonald: caring about clients and
growth Go to article: How BIL and Temenos completely transformed a bank Go to
article: Q&A: BNY Mellon and Pershing on the rise of alternative investments Go
to article: We should be taking digital art seriously – our clients do Go to
article: EMEA is the most expensive region for the wealthy Go to
article: Banking on Gen Z: Revolutionising financial products for the next
generation Go to article: Thematic Take: CybersecurityGo to article: Thematic
Take: contentsGo to article: Foreword: Cybersecurity in the age of AI Go to
article: Navigating the AI-driven cybersecurity landscapeGo to article: Key
trends impacting cybersecurity Go to article: Timeline: a history of
cybersecurity Go to article: Explainer: The most common types of cyberattacks Go
to article: The impact of cybersecurity in banking and payments Go to
article: Case studies: cybersecurity in banking Go to article: Leading
cybersecurity adopters and providers in banking & payments Go to article: Latest
news: cybersecurity in bankingGo to article: AI attacks now ‘the main
cybersecurity concern’ for businesses across sectors Go to article: The state of
cybersecurity: AI and geopolitics mean a bigger threat than ever Go to
article: Companies’ own AI applications are ‘a huge cybersecurity problem’ Go to
article: AI needed to tackle AI fraud – cybersecurity expert Go to article: What
are the main cybersecurity trends of 2024? Go to article: Knowledge sharing puts
finance sector among best for cybersecurity Go to article: What does the
Economic Crime Act mean for foreign investors to the UK? Go to
article: Regulators make crypto more attractive to institutions – NYU professor
Go to article: Finance firms and ex-spies: strange bedfellows in a war-torn
world Go to article: Deal activity related to cybersecurity in the retail
banking industry since 2021  Go to article: Regulators must protect the
cybersecurity market from a private equity takeover Go to article: GlobalData
Thematic IntelligenceGo to article: Sponsored SupplementsGo to
article: ListingsGo to article: EventsGo to article: Innovation RankingsGo to
article: Next issue
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