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Date
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June 4, 2023
Asset Managers,News,Wealth Managers

UK-EU MoU could end mutual lack of trust, rebuild bridges

A Memorandum of Understanding on financial services agreed between the EU and the UK, published on 19 May, could elevate the tone of the discussions and lead to a more productive relationship. It could offer as great a benefit to Luxembourg as it could to …
June 2, 2023
Asset Managers,Private Banks

Pictet moves its European hq out of Luxembourg

Swiss private bank Pictet has decided to move its European headquarters to Frankfurt, relocating the function from Luxembourg. The grand duchy has served as the main European hub of the Geneva-based private bank for about three decades. The  bank said …
June 1, 2023
Sector,Supervision

EU regulators attempt to define greenwashing

Europe’s top financial regulators on Thursday presented a first official definition of greenwashing as part of a common approach for cracking down on greenwashing practices among banks, asset managers and insurance companies, turning up the pressure on an …
May 31, 2023
Products

terrAssisi fund: ESG investing inspired by Saint Francis

In an age where financial success often overshadows our responsibility towards the environment and society, there is a growing need for investment strategies that align with our values and contribute to a sustainable future. Enter the terrAssisi Equity …
May 31, 2023

Private ESG investment surges as LPs, GPs embrace paradigm shift

The rapid growth of ESG investment has not left private markets behind. LPs and GPs, having taken stock of where the wind is blowing, have moved towards an ‘ESG or nothing’ investment philosophy, with the majority planning to cease investing in or …
May 30, 2023
Sector

European investors face hurdles in reclaiming withholding tax

According to a recent study conducted by Brussels-based NGO Better Finance and Germany's DSW, reclaiming withholding tax in Europe remains an arduous and costly endeavor. The study, which surveyed 3,000 European investors, unveiled the considerable …
May 30, 2023
News

Concerns arise over short-term vision of Anglo-Saxon managers

European investors, mostly hailing from the Netherlands, find themselves increasingly exasperated as several Anglo-Saxon asset managers prioritise financial returns over the critical energy transition within oil and gas companies. This growing trend …
May 30, 2023
Asset Servicing

Broadridge’s Pandiri named Group President at Apex

Apex Group said it has appointed Samir Pandiri to the newly created role of Group President and Member of the Executive Committee, to support and drive the business’ sustained growth. Reporting to founder & CEO, Peter Hughes, Pandiri will be responsible …
May 30, 2023

Waystone hopes SFDR review will offer more flexibility

Given the significant resources and costs that the asset management has incurred to date, many investment firms are hopeful that the European Commission, in its upcoming review, will allow enough flexibility in application of the rules so that firms are …
May 29, 2023
Technology

ChatGPT is better at predicting stock price movements

Researchers at the University of Florida have discovered a significant correlation between ChatGPT's assessment of headlines, and the subsequent daily returns of the stocks studied. The researchers used ChatGPT to indicate whether a particular headline …