December 11, 2024 President Joseph R. Biden, Jr. today announced the designation of a Presidential Delegation to Belgium and Luxembourg to attend the Commemoration of the 80th Anniversary of the Battle of the Bulge on December 13-14, 2024. The Honorable Bill Nelson, Administrator of the National Aeronautics and Space Administration, will lead the delegation. Members of the Presidential Delegation: The Honorable Thomas M. Barrett, United States Ambassador to the Grand Duchy of Luxembourg The Honorable Michael M. Adler, United States Ambassador to the Kingdom of Belgium The Honorable Harry Coker, Jr., National Cyber Director, Office of the Cyber Director, The White House The Honorable Terri Tanielian, Special Assistant to the President for Veterans Affairs, Domestic Policy Council, The White House The Honorable Sheila Casey, Executive Director of Joining Forces, The White House
MUDEC offers students opportunity to explore a unique cultural landscape As universities worldwide boost their international efforts to help students engage with diverse cultures, languages, perspectives, global trends, and commerce, Miami is building on a tradition of more than a half-century rooted in Luxembourg. Miami established its Miami University Dolibois European Center (MUDEC) in 1968, amid social and political turbulence in both Europe and the United States, to give students meaningful international experience. The initiative, led by then-provost Charles Ray Wilson, chose Luxembourg at the urging of Miami alumnus John E. Dolibois, the vice president of advancement and U.S. ambassador to Luxembourg. Dolibois highlighted the country’s unique cultural landscape, manageable size, and central location that enables weekend exploration of neighboring countries. The center is housed in Differdange Castle in the southwest. MUDEC students have witnessed such historic events as the return of American …
Simpson Thacher & Bartlett (STB) and Herbert Smith Freehills (HSF) have confirmed plans to open offices in Luxembourg, with both set to launch operations early next year. The move reflects Luxembourg’s growing role as a key jurisdiction for private capital and alternative investments in Europe. Luxembourg has become a significant hub for private equity and private capital funds, driven by its robust regulatory framework, long-standing expertise, and position within the EU single market. The country is increasingly used by private equity firms as the primary location for structuring and distributing funds to European investors. STB’s Luxembourg office will be led by three funds partners with the firm being well-known for advising major private equity fundraisers, including Blackstone, CVC, and EQT. HSF’s office will similarly focus on private funds. Gareth Earl, head of STB’s European Funds Practice, described Luxembourg as a …
From the Embassy of Luxembourg in Washington, D.C. This year’s Veterans Day is especially sad for us as we learnt about the passing of Darrell Reed Bush, U.S. veteran of the Battle of the Bulge and a cherished friend of our Embassy. Darrell passed away peacefully at the age of 99. Our deepest condolences go out to his beloved wife, Dorothy, and his family. Darrell and Dorothy recently marked a remarkable milestone, celebrating their 81st wedding anniversary. We feel particularly fortunate to have been able to spend many meaningful moments together with Mr. Bush, telling us firsthand his experiences during the Battle of the Bulge. Mr. Bush fought courageously with the 106th Infantry Division, 75th Division during one of the most decisive battles of the Second World War. His bravery and service made a lasting impact during …
Written by Kangkan Halder “Clearstream’s proven track record and comprehensive service offering from subscription to execution, settlement, custody and trailer fee collection will allow Spuerkeess to enhance operational efficiency and cost-effectiveness,” said Aly Kohll, deputy CEO of Spuerkeess, in a press statement on Tuesday 8 October 2024. Photo: Clearstream Fund Services In a strategic effort to consolidate its fund operations, Spuerkeess chose Clearstream as its partner for executing and distributing its investment fund business, aiming to enhance cost-effectiveness and operational efficiency. Luxembourg’s leading state-owned bank, Spuerkeess, announced its decision to partner with Clearstream, a Kirchberg-based global post-trade services provider owned by Deutsche Börse, for the execution and distribution of its investment fund business. This collaboration, announced on Tuesday 8 October 2024, aims to enhance operational efficiency and cost-effectiveness for Spuerkeess. According to the press statement, Spuerkeess sought to consolidate its mutual and alternative funds …
NATO awarded satellite operator SES its first contract for Medium-Earth Orbit (MEO) satellite services under a partnership established in 2022. The NATO Support and Procurement Agency (NSPA), announced the MEO Global Services (MGS) award on Sept. 10. Luxembourg and the U.S. will leverage SES’s MEO services to carry out naval, air, and ground communications missions around the globe. This comes after the U.S. and Luxembourg established a partnership in October of 2022 called the Global Commercially Contracted Satellite Communications Support Partnership (GCC SATCOM SP) to start a new era of space cooperation within NATO. The partnership allows for “pooling and sharing” of space capabilities among NATO members. The MGS program was originally founded by Luxembourg and the United States is open to NATO Allies and partners. MGS is an outline agreement over three years with two additional one-year options. Last year, Luxembourg’s Parliament approved 195 million euros ($215 million) over 10 …
Written by Kangkan Halder Caceis Bank’s acquisition and integration of RBC Investor Services in Luxembourg has brought comprehensive services and significant synergies to clients, managing director Philippe Bourgues stated in an interview. Philippe Bourgues, managing director of Caceis Bank in Luxembourg since 2017, discussed the strategic and operational gains from the integration of RBC Investor Services, which Caceis acquired in 2023. In an interview with Delano, he said that following the integration, Caceis now offers a seamless, unified service experience to all clients. Kangkan Halder: Could you briefly describe the domains and services offered by Caceis Bank in Luxembourg and the former RBC Investor Services entity in Luxembourg? Philippe Bourgues: In Luxembourg, both the Caceis and former RBC entity provide a very similar scope of services. We offer services to all types of investment funds managed by asset management firms and …
Videobot won the Luxembourg regional competition of the Startup World Cup, thereby securing its spot to compete to the final in San Francisco. Videobot, is leveraging artificial intelligence to create personalized and interactive video content. We aim to not only compete but to win the biggest trophy, says Matias Mäenpää, co-founder of Videobot. “This win is significant not just for me but for our entire team of 25 people. It validates our efforts and energizes us to keep pushing forward. We are incredibly ambitious, and now we have our sights set on San Francisco. We aim to not only compete but to win the biggest trophy,” says Matias Mäenpää, co-founder of Videobot. Bill Reichert, Partner at Startup Worldcup organizer Pegasus Tech Ventures, gave an insightful keynote speech, emphasizing the critical role startups play in driving innovation and economic growth. “Luxembourg …
Luxembourg has retained its leading position within the EU relating to green finance, with the latest Global Green Finance Index (GGFI 13) reconfirming Luxembourg’s place as the number one EU green financial centre. Luxembourg fared well across all four areas of competitiveness highlighted within the index, however in particular within the Human Capital and Business areas where it is positioned first and second respectively. The journey towards sustainability requires continual innovation and collaboration globally to truly transform financial services into agents of environmental stewardship. Commenting on the results, Nicolas Mackel, CEO of Luxembourg for Finance, noted that “financial centres are the epicentres of change in greening global finance and the results of the latest GGFI confirming Luxembourg’s role in this are testament to the work that continues to be undertaken in the Grand Duchy. Nonetheless, the journey towards sustainability requires …
On May 25, the Embassy of the United States of America in Luxembourg, together with the American Battle Monuments Commission, held the annual Memorial Day ceremony at the Luxembourg American Cemetery in Luxembourg, commemorating the men and women who sacrificed their lives in military service. “Memorial Day serves as a poignant reminder of our responsibility to preserve and defend the freedoms for which so many military members have given their lives. It is our duty to honor their sacrifice by actively participating in our democracy, by standing up against injustice, and by working together to build a society that truly reflects the values they fought for,” said U.S. Ambassador Tom Barrett. The ceremony commenced with the presentation of the colors and a flyover by the 37th Airlift Squadron of the 86th Airlift Wing based at Ramstein Air Force Base, Germany. …