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US asset manager, MFS, is seeking the approval of Luxembourg’s financial regulator (CSSF) to strengthen its presence and to create its EU hub in Luxembourg. MFS is one of the oldest asset management companies in the world. It is owned by Canadian insurer Sun Life Financial and traces its roots to the launch of the first U.S. investment trust in 1924. At present, MFS has a Luxembourg fund range with 36 equity, multi-asset and fixed-income sub-funds that are sold primarily into Europe, Britain and Latin America.
Madeline Forrester, managing director, UK Institutional Business, told Reuters: "We're all investing time and money planning for the most unfavourable outcome. We view this as making a long-term investment in our Luxembourg office, but whatever the result of the...
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