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Date
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November 2, 2022
Asset Managers,Transfers

Stefano Amato to co-manage M&G Income Allocation Fund

Stefano Amato has joined M&G Investments as a senior fund manager in the multi asset team. Amato, who joins from Santander, will co-manage the 1.1 billion euro M&G (Lux)  Income Allocation Fund alongside Steven Andrew to whom he will report.  Based in …
November 2, 2022
Asset Servicing

Apex closes acquisition of IIS, InvestNow in New Zealand

Apex Group, a global financial services company with a major presence in Luxembourg, said on Wednesday that it has closed its acquisition of Implemented Investment Solutions, or IIS, and InvestNow in New Zealand.  Financial details were not disclosed. …
November 2, 2022
News,Sector,Laws and Regulations

CSSF’s Ucits, AIF fund cost review draws criticism

Luxembourg financial supervisor CSSF, a long-time ally for Luxembourg’s booming fund industry, is drawing reluctant criticism from some people in the sector over its recently announced initiative to review pricing mechanisms for investment funds. …
November 1, 2022
Asset Servicing

Waystone becomes Ireland's largest Ucits ManCo 

Dublin-based third-party management company Waystone on Tuesday said that it has closed its acquisition of Irish fund management services firm KB Associates in a transaction that makes it Ireland’s largest management company for Ucits funds. As a result …
November 1, 2022
News,Asset Servicing

With Caceis, Amundi’s Fund Channel aims to boost growth

Amundi Group's distribution platform Fund Channel has taken Caceis on board as a shareholder and now to plans to accelerate its growth in distribution in order to deliver on its ambition of nearly doubling its assets under intermediation by the end of …
November 1, 2022
Events

Good practices in ESG reporting: 1 Dec. Benelux Online Debate

Morningstar and Investment Officer Luxembourg invite you to join us online on Thursday 1 December 2022 at 15 CET for the “Good Practices in ESG Reporting” interactive online debate.  A panel of sustainable finance experts from financial institutions and …
November 1, 2022
Sector,Supervision,Laws and Regulations

FATF visit to Luxembourg: what to expect and when

The exact arrival dates of the Financial Action Task Force on-site assessors in Luxembourg remain a secret, so expect them to arrive anytime soon. The two weeks these unnamed individuals will spend this month in Luxembourg are just a fraction of the …
October 31, 2022
Supervision,Laws and Regulations

Gazprom’s Gaz Capital fined by CSSF for late annual report

Luxembourg‘s financial supervisor on Monday said it has slapped a fine of 10,000 euro on a Luxembourg subsidiary of Russian state-owned gas producer Gazprom because it was late in filing its annual report for last year. Gaz Capital SA is fully controlled …
October 31, 2022
Sector,Technology

‘Decentralised cybersecurity approach is made by design’

The head of Luxembourg’s new private sector cyber-risk protection agency has defended the grand duchy’s approach against suggestions that it’s too fragmented and that it’s difficult to know who’s in charge. On the contrary, Luxembourg’s decentralised …
October 28, 2022
Investing

Is the German economic model faltering?

Despite ominous forecasts, the German stock market is also participating unhindered in the rally that most markets saw in October. The DAX index rose 8.4 per cent last month.  This is striking, as virtually all indicators point to a very bleak outlook for …