The Depositary Banking & Custodian Services Survey 2023, conducted by CSSF, ABBL, and KPMG, analyses Luxembourg’s key fund servicing sectors. Total assets under deposit reached €6.2 trillion, while assets under custody stood at €3.1 trillion, confirming Luxembourg’s position as Europe’s leading fund hub. The top 10 institutions hold over 75% of depositary assets and 81% of custody assets, reflecting a concentrated but stable market. The survey notes a 24% rise in delegated or outsourced functions abroad and steady local employment. With strong governance, digitalisation, and sustainable finance trends, the sector remains resilient and globally competitive.
