Luxembourg Minister of Finance Gilles Roth highlighted the complementary roles of Frankfurt and Luxembourg during a financial mission to Frankfurt, describing their cooperation as a model for an effective European Union. Speaking at the Association of the Luxembourg Fund Industry roadshow, he pointed to Germany’s asset management expertise and Luxembourg’s reach in cross-border fund distribution. Roth also emphasized continued dialogue with the investment fund industry as Luxembourg adapts its financial center to emerging challenges and opportunities. He met executives from several German asset managers to discuss the sector’s outlook and the development of their Luxembourg operations.