Wealth & Asset Management

We help investment firms anticipate what’s after what’s next.

Wealth and asset managers are experiencing a time of exponential change. FinTech disruptors continue to shift the rules, newer investors aren’t flocking to older channels and cost pressure is relentless.

From data and AI, to tech platforms and partners, the questions have never been bigger, and the stakes have never been higher.

We help you re-think everything from pricing and operating models to coopetition and convergence. We bring critical questions into focus, which lead to bolder strategies, simplified operations and sustainable growth. Our sharp understanding of the state of play allows us to shift discussion from reacting to change, to helping shape it.

Ultimately, our work helps you not just stay competitive, but change investing for the better.

Welcome to Luxembourg, the second largest investment fund center in the world

At EY, we recognize the unique and complex challenges facing the Luxembourg and European wealth & asset management industry. In recent years, asset managers have been forced to adapt to disruptive market conditions, while keeping up with regulatory requirements, operational and technological challenges. Factors such as fee pressure, competition between geographies, interest in private and digital assets, changing client expectations and consolidation are driving managers to rethink their operating models and innovate their product offerings.

Luxembourg plays a central role in this industry, being the second largest fund industry in the world after the United States, and the leading domicile for cross-border assets. EY – the most globally connected professional services firm with extensive experience in asset management, supported by technology – has a dedicated team of experts in Luxembourg to help you understand, address and stay ahead of the critical issues impacting your business. For over twenty years, this team has been behind the production of “Investment Funds in Luxembourg,” the go-to guide and #1 resource for understanding funds in Luxembourg and Europe.

We aim to reshape challenges into opportunities for growth, while providing you with forward-looking insights to ensure your organization is well-equipped to thrive in this dynamic landscape.

Our Luxembourg Services

EY’s Assurance services deliver the independent, objective insights essential for building trust in financial reporting and operational practices. Our goal is to enhance transparency, strengthen risk management, and foster stakeholder confidence. In addition to traditional assurance offerings, we provide specialized support such as Climate Change and Sustainability Services (CCaSS), Financial Accounting Advisory Services (FAAS), and Extended Assurance – a comprehensive suite focused on reinforcing organizational integrity and compliance, including services related to combatting financial crime, forensics, third-party reporting, and technology risk management.

Madjid Boukhelifa

EY Luxembourg Partner, Wealth & Asset Management Sector Leader

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Frédéric Guilmin

EY Luxembourg Partner, Financial Crime & Forensics

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EY Luxembourg offers targeted consulting services for asset managers, focusing on regulatory risk and compliance, managed regulatory reporting services and global fund distribution with the support of our cutting-edge digitally enabled platform, target operating model and process optimization services for traditional and alternative investment funds (e.g., ELTIF 2.0), digitalization and workflow solutions for – among others – the investment fund lifecycle, smartshoring and IT transformation.

Jens Schmidt

EY Luxembourg Partner, Wealth and Asset Management Consulting Leader

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José Longrée

EY Luxembourg Partner, Europe West Wealth and Asset Management Managed Services Leader

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EY Luxembourg provides a complete suite of tax services, spanning compliance, structuring, advisory, reporting and dispute resolution, ensuring that clients navigate complex tax landscapes efficiently and in full compliance with global and local regulations.

Our core services include corporate and VAT tax returns, international tax advisory and transfer pricing compliance, supporting businesses with strategic tax structuring and regulatory adherence. We also provide specialized tax reporting services, including FATCA/CRS compliance, MDR reporting, withholding tax reclaim, capital gain tax determination and investor tax reporting, ensuring seamless regulatory reporting across jurisdictions.

Rosheen Dries

EY EMEIA Wealth and Asset Management Tax Leader; EY Luxembourg Partner

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Patrice Fritsch

EY Luxembourg Tax Partner

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EY Parthenon Strategy and Transactions offers a comprehensive suite of services tailored to the needs of funds and fund managers. Our expertise spans valuation of alternative assets — including private equity, debt, infrastructure and real estate — delivered in alignment with the latest CSSF circular guidelines. We conduct rigorous model reviews to ensure compliance and accuracy.

In addition, we provide end-to-end support for buyers and sellers through our M&A advisory services and thorough due diligence processes, backed by a strong track record within the asset management sector. We also assist top-tier industry players with efficient liquidation services, managing both single entities and complex, multi-location groups.

Our integrated approach and sector experience enable us to deliver value-driven solutions across the lifecycle of asset management.

Christophe Vandendorpe

EY-Parthenon Luxembourg, Strategy and Transactions Leader

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Grégoire d’Avout

EY-Parthenon Luxembourg, Strategy and Transactions Partner

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Responsible for our Investment Funds in Luxembourg Guide and Market Pulse publications, EY Luxembourg’s Knowledge function is dedicated to providing a clear view of relevant laws and compliance impacts. Additionally, our Regulatory Compliance Manager (EY RCM) platform provides a global, up-to-date inventory enriched with EY subject matter insights to help achieve front-to-back traceability by linking between regulation and business components such as process, risk and control.

Jens Schmidt

EY Luxembourg Partner, Wealth and Asset Management Consulting Leader

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Are you building for the future of fund management?

Investment Funds in Luxembourg

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Investment Funds in Luxembourg 2025

EU and Luxembourg Regulatory Outlook 2025-2030

Explore the upcoming regulatory developments impacting the Wealth and Asset Management industry

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Stay on top of industry news and thought leadership

Luxembourg Market Pulse

Active and passive ETFs

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Our latest thinking

Global Fund Distribution

EY Global Fund Distribution (EY GFD) refers to a set of innovative services developed by EY to help asset managers with the distribution of their UCITS, AIF or other collective investment schemes (CIS).
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EY Regulatory Compliance Manager

The EY Regulatory Compliance Manager can help you digitally manage compliance efficiently and effectively within a shifting regulatory landscape. Learn more.
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Wealth and private banking services

Our team can help wealth managers and private banks transform and grow their business. Find out more.
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Strategic cost transformation

Our strategic cost transformation team can help wealth and asset managers transform costs while sustaining cost management practices across the value chain.
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Technology-enabled transformation

We help you effectively harness the power of technology to simplify, rationalize and centralize your firm’s operations, clearing the way to improve efficiency and extend product capabilities to attract new investments.
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Operational efficiency

We help you implement strategies to improve efficiency across your firm’s value chain, increasing margins while reducing long-term costs and risk.
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Client experience

We help you forge stronger client relationships built on performance, engagement and trust.
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EY Digital Audit

Discover EY digital audit and how it uses leading-edge technology to brings insights, depth and responsiveness to our audit work. Learn more.
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Fund tax services

In our tax department we offer a complete suite of services to asset managers, sponsors, initiators, general partners, promoters, management companies, investment managers, depositary banks, fund administrators and transfer agents.
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Sustainable Finance

EY sustainable finance teams helps financial services companies define sustainability goals that create value and make a measurable difference. Learn more.
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Financial crime operations

Our skilled teams, operational efficiencies enabled by innovative technology and flexible global delivery service centers can help you manage financial crime risk in a cost-effective, sustainable way.
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The team

Madjid Boukhelifa

EY Luxembourg Partner, Wealth & Asset Management Sector Leader

Trusted audit partner with more than 16 years of experience. Team player passionate about supporting our clients.

Luxembourg, LUX

Jens Schmidt

EY Luxembourg Partner, Wealth and Asset Management Consulting Leader

Dedicated to embrace and manage change. Insightful adviser. Tech savvy. Passionate about achieving goals in teams.

Luxembourg, LUX

Nicolas Bannier

EY Luxembourg Chief Operating Officer

Leading the development and coordination of the clients’ relationship with several key Luxembourg domiciled players.

Luxembourg, LUX

José Longrée

EY Luxembourg Partner, Europe West Wealth and Asset Management Managed Services Leader

Consulting professional with more than 25 years of experience. Passionate about music and photography.

Luxembourg, LUX

Patrice Fritsch

EY Luxembourg Tax Partner

Patrice is a Partner within the EY Tax practice in Luxembourg. He serves clients in the financial industry including retail and wholesale banks, private banks, management companies, fund administrator

Luxembourg, LUX

Grégoire d’Avout

EY-Parthenon Luxembourg, Strategy and Transactions Partner

Luxembourg, LUX

Frédéric Guilmin

EY Luxembourg Partner, Financial Crime & Forensics

Forensic, risk, and internal audit professional with 20+ years of experience. Passionate about Cyber, AI, and digitalization.

Luxembourg, LUX

Kerry Nichol

EY Luxembourg Wealth & Asset Management Partner

Provider of wealth and asset management services. Connecting clients to EY globally. Team player.

Luxembourg, LUX

Pierre-Marie Boul

EY Luxembourg Assurance Partner

Passionate about helping people envision the future faster. Driver of growth and innovation. Keen traveler and scuba-diver.

Luxembourg, LUX

Ajay Bali

EY Luxembourg Technology Consulting Leader

Hands-on experience on digital strategy, workflow automation, GenAI and data modernization, operational excellence and innovation.

Luxembourg, LUX

Rosheen Dries

EY EMEIA Wealth and Asset Management Tax Leader; EY Luxembourg Partner

Tax Advisor for the Wealth and Asset management Industry. Committed to diversity. Keen traveler. Wife and mother of two.

Luxembourg, LUX

Norman Finster

EY Luxembourg Consulting Partner, Alternative Investments Leader

Consulting partner focused on private assets. Wine and classical music lover.

Luxembourg, LUX

Olivier Lambert

EY Luxembourg Partner, Indirect Tax Leader

As the Luxembourg Indirect Tax Leader, Olivier is serving a large range of clients acting in different industries, focusing on the Banking, Insurance, Real Estate and Asset management Sectors.

Luxembourg, LUX

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.