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Pictet’s Philippe Mossier sat down with Delano to talk about consolidation and other trends in the asset servicing sector, pressures faced by players in the industry and what sets his firm apart from competitors.
Edmond de Rothschild (Europe) has announced the sale of its third-party asset servicing business to Apex Group. Apex Group will become a strategic supplier, providing technical support in asset administration. 115 Edmond de Rothschild employees will join Apex Group, bringing the total number of employees in Luxembourg to 1,200.