New York Life, America’s largest mutual life insurer, has named Naïm Abou-Jaoudé as chief executive officer of New York Life Investment Management. Vincent Hamelink (photo), Candriam chief investment officer, will succeed Abou-Jaoudé as CEO of Candriam. …

The collective value of Luxembourg investment funds has plunged more than 800 billion euro from record levels reached a year ago as inflation, rising interest rates and the war in Ukraine took their toll on assets domiciled in the grand duchy. At the end …

Eurozone interest rates will rise further in the near future as evidence grows that inflation has become entrenched, leaving the European Central Bank no option but to continue to hike its policy rates. At Ethenea, ECB watchers believe official deposit …

European Depositary Bank, a Luxembourg-based provider of banking, depositary and custody solutions that is part of the Apex Group, on Monday said it has been appointed by Arab Bank to support its real-estate ambitions in the European, Middle East and …

The chart showing market expectations of what the Federal Reserve will do and what the central bank wants to do is fascinating at the moment. Take a moment and sit back. As Powell highlighted in his latest FOMC press conference, the Fed is aiming for a …

Forget about all those bars of gold that are heavily guarded because they are incredibly valuable. Credibility is the most valuable asset for a central bank. It is the monetary version of what goodwill is to a company. In this respect, the ECB could learn …

After a dramatic first half of the year where global high-yield bond funds lost 7.3 per cent of their value, the second half of last year saw a small gain of 1.4 per cent, in euro terms. The consensus among fund managers remains that despite recession …

The EU’s top financial markets authority on Thursday invited the European Commission to clarify new sustainability reporting requirements for European companies and to make its legislation for non-financial reporting standards more consistent with other …

Los Angeles-based Capital Group, a major global investment manager also present in Luxembourg, on Thursday said that Mike Gitlin from October will assume the management responsibilities of Tim Armour, chairman and chief executive officer. Armour and vice …

Luxembourg’s financial supervisor CSSF on Thursday published an update to its Reporting Handbook for investment firms. The update integrates the latest version of the reporting framework designed in recent years by the European Banking Authority and …

Hamelink CEO at Candriam; Abou-Jaoudé to lead NY Life

Luxembourg investment funds lost €831 bln last year

‘ECB should raise the deposit rate to 4, 5 or even 6 percent’

EDB to support Arab Bank’s real estate ambitions in Emea

Graph of the week: a major mismatch

The ECB should learn from the Fed

Top 5: UBS leads in high-yield bond funds

‘ESG reporting requires clear, consistent EU framework’

Mike Gitlin to replace Tim Armour as Capital Group CEO

CSSF asks firms to use EBA’s threshold monitoring tools