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Date
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September 19, 2024
Transfers

Transfer Thursday: Alfi, Marsh McLennan, EY, Amundi

This week’s overview of transfers, appointments, promotions and other career news in the fund and asset management community in and around Luxembourg includes updates from Alfi, Marsh McLennan, EY Luxembourg and Amundi. Corinne Lamesch Corinne Lamesch …
September 18, 2024
Investing

Cyclical stocks and small caps US benefit most from a Fed cut

The stock market is going through turbulent times, especially within the large technology stocks segment. Nevertheless, a soft landing seems to be in the offing. Investors are already anticipating a possible rebound, especially among US cyclical stocks …
September 18, 2024
Opinion

Choosing Luxembourg over commuting

It’s a cold, early September morning as Lucie Bouchon sets out for work. She takes the country roads to avoid traffic but ends up stuck behind a tractor. Arriving an hour late, she and her colleague, Hans Pendler, seriously consider moving to Luxembourg. …
September 18, 2024
Private Banks

Fed eases Basel III capital requirements after bank lobbying efforts

The Federal Reserve has announced plans to substantially ease the capital requirements for large US banks, marking a significant shift in the implementation of Basel III standards. This pivot reflects the struggle regulators face in balancing the need for …
September 17, 2024
Asset Servicing,Laws and Regulations

JP Morgan, State Street dominate Luxembourg fund industry

JP Morgan and State Street have reinforced their dominance in Luxembourg's fund industry, according to the 30th edition of Monterey Insights Luxembourg Fund Report.  JP Morgan ranks as the top investment manager in the Grand Duchy, while State Street …
September 17, 2024
Asset Managers

The French have made the ‘banking dream’ come true with BNP-AXA deal

French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca’s bank analyst Andrea …
September 17, 2024
Asset Managers

Breaking into the trillion-dollar club: Europe’s asset management challenge

European asset managers must pursue economies of scale to stay competitive with their US counterparts, argues Vincent Juvyns, market strategist at JP Morgan Asset Management. Fragmentation across Europe’s capital markets is also a key issue that hinders …
September 17, 2024
Asset Managers,Asset Servicing

Euroclear expands private market reach with Blackrock deal

Euroclear, the Brussels-based securities custodian and settlement giant, has taken a significant step forward in the private markets space by securing a partnership with Blackrock, the world's largest asset manager.  The deal, clinched last week, brings …
September 16, 2024
Investing

Allianz CIO sees a ‘unique opportunity’ for deal with China

In a world where AI dominates and geopolitics shift rapidly, Allianz's global CIO Virginie Maisonneuve embraces ‘Digital Darwinism’, steering investment strategies through innovation, China’s rise, and Europe's struggle to regain its competitive edge. As …
September 16, 2024
Opinion

Madness

Former ECB president and prime minister of Italy, Mario Draghi, has written a report containing the obvious yet completely unnecessary conclusion that Europe has completely missed the boat on innovation and competitiveness. Duh! Fortunately, Mr Draghi has …