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Waystone, a leading provider of specialist services to the global asset management industry, has today announced that it is set to acquire BIL Manage Invest from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval.
Waystone’s acquisition of BIL Manage Invest, a highly respected Luxembourg-based Management Company (ManCo) within the BIL Group, will increase Waystone’s AUM in Luxembourg by approximately 15% and significantly enhance its market position and capabilities across Continental Europe. This acquisition will also support Waystone’s long-term strategic objective of becoming the leading provider of third-party ManCo, alternative administration, and corporate services in Luxembourg, building on their existing rankings as the fastest...
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