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Date
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July 13, 2022
Asset Managers

Goldman Sachs announces new roles for NN IP directors

Goldman Sachs Asset Management, which officially took ownership of NN Investment Partners at the beginning of this year, on Wednesday announced a number of changes at the top of the Dutch-based asset manager. Valentijn van Nieuwenhuijzen, NN IP's current …
July 13, 2022
Investing

In popular private markets, the red flag is raised later

In public markets, a well-known proposition is that at the moment that everyone steps in, the red flag should be raised: probably the best time is over. Investors in private markets, where effects are generally felt later, do not worry so much. Besides, …
July 12, 2022
Opinion

The end of the euro is nigh

For the first time since 2002, the euro trades at parity with the dollar. In the summer of 2008, one euro was worth as much as 1.6 dollars. But with the eurozone on the front line in the war in Ukraine and the ECB simultaneously cautious about raising …
July 12, 2022

Gramegna, Leao tied for ESM top job after Italy bows out

Eurogroup finance ministers on Monday again failed to agree on naming the successor for Klaus Regling as chief of the European Stability Mechanism even after Italy withdrew the candidacy of European Commission official Marco Buti. Neither the Luxembourg …
July 12, 2022
Products,Asset Servicing

South Africa’s Foord targets Australia via Luxembourg

Foord Asset Management, a firm with South African roots and a Luxembourg presence since 2013, is expanding its global reach by offering long-term investors in Australia a new feeder fund for its Foord Global Equity Fund registered in the Grand Duchy. The …
July 12, 2022
Technology

Podcast with Nasir Zubairi, CEO at LHoFT

Nasir Zubairi of the Luxembourg House of Financial Technology has some very particular views on some of the newer varieties. About blockchain: “I’m not a technologist, but it seems a little hazy to me as a technology in that it’s a technology looking for …
July 11, 2022
Laws and Regulations

Five Luxembourg officials named to Esma committees

Five representatives of the financial services sector in Luxembourg have been named as members of working groups and specialist advisory committees of the European Securities and Markets Authority, or Esma. The new composition of the committees was made …
July 11, 2022
Investing,Opinion

Chart of the week: don’t be blindsided by recession

The ISM Manufacturing Index, also known as the purchasing managers' index, fell more than expected in June. The index dropped to 53 where a reading of 54.5 was expected. This was not really a surprise, as the regional sentiment indicators had already …
July 11, 2022
Laws and Regulations

EU places ESG reporting on par with financial data

A new EU law from 2025 will require companies in Europe to accept a future in which their reporting data on sustainability and their ESG impact will be just as important as data on their financial performance. Non-EU companies also will be subject to …
July 8, 2022

EY names Longares TMT leader, Denis as COO

EY Luxembourg on Friday said it has named Fernando Longares as its new leader for the Telecommunications, Media and Technology (TMT) sector, Longares will succeed Gaël Denis, who will become chief operating officer at the firm.  Longares joined EY in 2006 …