Raoul Mulheims, CEO of Digicash payments, in this archive picture, has sold his start-up to Belgian company Payconiq.
Photo: Olivier Minaire/archives
Delano presents the latest business news headlines from our French-language sister site, Paperjam:
According to information obtained by Paperjam, Suzanne Cotter may become the next director of Mudam. The Australian is currently curator of the museum Serralves in Porto, and is member of the scientific committee at Mudam. Mudam has not yet made a statement.
China Everbright Bank has been given the go-ahead to set up a European headquarters by the CSSF. This Luxembourg base will be the first foreign implantation of the bank.
Luxembourg will compete against seven rivals to become the seat of the European banking authority, currently based in London. Luxembourg’s bid includes “state of the art office space free of rent”, a high level of political and financial stability, and “a truly European and international financial center, and home to key EU institutions.” Other bidders include Paris, Frankfurt, Dublin and Brussels.
European funds passed the €10,000 billion bar on 30 June. Over a third of them are based in Luxembourg. According to Thomson Reuters Lipper, provider of fund performance data, said it was a new record year, up by 6% over the past trimester to 2016.