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.
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Asset Servicers, Professionals of the Financial Sector (PSFs) as well as Alternative Investment Fund Managers (AIFMs) are facing complex challenges. Over the past two years, the Wealth & Asset Management industry has been forced to rapidly adapt to disruptive market conditions, but even before 2020 the rate of change was already quickly accelerating due important tax transformations, regulatory changes or the fast growing interest for private assets. Notwithstanding expanding regulations and the evolving macroeconomic environment, to keep up with the pace of digitalization, asset managers have had to adjust and redefine their servicing offering to remain competitive. This pressure has cascaded to asset servicers who need to be increasingly more agile.
Technology is expected to impact a range of services, from front-, middle- and back-office activities, to the integration of environmental, social and corporate governance (ESG) frameworks, to data management. Asset servicers must propose more digital and forward-thinking solutions to be front-runners in the industry.
At EY we aim to reshape these challenges into opportunities for growth that will shape the future of your business.
Why EY?
EY Luxembourg has a dedicated sector focus which offers a broad selection of services delivered by agile, forward-looking and insightful EY people to support the priorities of asset servicers - PSFs, third party management companies and AIFMs.
Through our multidisciplinary mindset and our specialized teams, EY can support you when navigating the complex landscape of the asset servicing industry by adding long term value to your business and unlocking innovative paths towards a more digitalized operating model and agile business environment.
EY supports Asset Servicers to overcome the challenges of today and serve the ambitions of tomorrow.
EY the first European company to issue GPDR certifications
- Over 1,300 fines have been issued by Data Protection Authorities across Europe since GDPR came into force four years ago.
- Companies that are non-compliant are subject to administrative fines of up to EUR 20 million or 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher.
- Now, for the first time ever, companies across the EU can get a “GDPR Stamp” which lasts for three years, to prove that their personal data management is up to standard.
- EY is the first company accredited by the CNPD (ie the Luxembourg Data Protection Authority) to deliver GDPR certifications for companies.
The right team for your questions
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- The tax landscape has significantly evolved (ATAD I, II and now III, BEPS 2.0), what are the new risks for your business?
- What technology enabled solutions can you propose in order to achieve better tax risk management?
- Our operating model weighs on different servicing entities and involves a wide range of intragroup dealings. How can we achieve compliance? And is there room for optimization?
- The tax landscape has significantly evolved (ATAD I, II and now III, BEPS 2.0), what are the new risks for your business?