Luxembourg

There has been a reshuffle at the top of the Luxembourg securities services playing field , with BNY , Citi , HSBC , and Northern Trust making senior personnel changes over the past 12 months . Meanwhile , at the beginning of the year , Euroclear FundsPlace was chosen by Banque et Caisse d ’ Epargne de l ’ Etat Luxembourg ( Spuerkeess ) to enhance its fund management operations . Sitting at 5.19 it is still a Good score for the market . Although it sits below the global average , there are still plenty of positive highlights to pull out . Relationship Management has the highest score at 5.86 , followed by Client Service . Nearly every category , with the exception of three , are sitting in the Good range , between 5.00 – 5.99 .