MoraBanc, Andorra (Pyrenees), announced the opening of its new branch – investment trust in Luxembourg, that started its activity from February 11 under the name Asset Management Luxembourg SA. A representative of the bank states, it is a significant increase of bank investments beyond the borders of the Principality.
It should be mentioned that MoraBanc is present in Zurich, Miami, Uruguay and UAE. He also claimed that a new investment trust is located in the financial center of Luxembourg and that is the first platform of MoraBanc Group within the bounds of EU.
The representative of MoraBanc also shared the information that Maria Victoria Simon will take the position of General Director of asset management company of the fund and will follow the standards of central office corporate politics. In accordance to his words this lady has got more than 25 years of experience in the sphere of financial services of Andorra. Previously, she was the Head of Banco Bilbao Vizcaya Argentaria, Seguros Privanza (Guatemala), and Bancoval Securities.
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