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Should private banks double down on asset servicing, or step back?
In the early 2010s, many Luxembourg private banks expanded into asset servicing as a stable, fee-based business, leveraging the country's role as a fund hub.
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By Deloitte LuxembourgIn the early 2010s, many Luxembourg private banks expanded into asset servicing as a stable, fee-based business, leveraging the country's role as a fund hub.