2556 results for ""
Date
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August 2, 2024
Asset Managers

BNP Paribas wants to acquire AXA IM for €5.1 bln

BNP Paribas Group announced on Thursday that it has entered into exclusive negotiations to acquire AXA Investment Managers (AXA IM) from AXA. The transaction, worth 5.1 billion euro, includes an acquisition of AXA IM's 850 billion euro in assets under …
August 2, 2024
Investing

How serious is the ‘Great Rotation’ to small cap stocks?

As Tesla and Alphabet's disappointing earnings lead to a sell-off in the "Magnificent Seven," small-cap stocks are experiencing a resurgence. But is this "The Great Rotation" or just a speculative bubble? Investment Officer gauges the sentiment. "The …
August 2, 2024
Investing

Fund Radar: India stands out among emerging markets

Despite concerns over persistent inflation, geopolitical tensions, surprising election outcomes, and a slowing Chinese economy, European investors have maintained a positive outlook, driven by optimism surrounding artificial intelligence and potential …
August 1, 2024
Asset Managers,Asset Servicing

Luxembourg centre-stage as State Street finetunes its European ops

With the recent appointment of Luxembourg branch manager Riccardo Lamanna to an executive role at State Street Bank International, the Boston-based financial services firm now is refining its European operations from Luxembourg. This next phase in …
August 1, 2024
Transfers

Transfer Thursday: Scope, EuroCTP, i-Hub, LOD

This week’s overview of transfers, appointments, promotions and other career news includes updates from Scope, EuroCTP, i-Hub and LOD. Lars Edler Dr. Lars Edler (photo) has been appointed group managing director of Scope Fund Analysis. Since July 1, Edler …
July 31, 2024
Asset Servicing,Wealth Managers

Luxembourg eases creation of Eltifs from existing private funds

Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), is simplifying the process for investment firms to create European Long-Term Investment Funds (Eltifs) as sub-funds under existing alternative investment funds. …
July 31, 2024
Private Banks,Wealth Managers

Interest boost helps Luxembourg banks navigate challenges

The 2024 Luxembourg Banking Insights study by KPMG Luxembourg has revealed a surge in net interest income, driven primarily by the European Central Bank's interest rate hikes. This increase has led to a significant boost in bank profits, reaching 8.9 …
July 31, 2024
Expert Panel,Laws and Regulations

The new EU AML/CFT regime - what are the main upcoming changes? 

The European Union’s new anti-money laundering / countering the financing of terrorism (AML/CFT) regime addresses previous shortcomings by harmonising regulations and enhancing enforcement tools, aiming to effectively prevent money laundering and …
July 30, 2024
Investing

Pray and hope is now the ECB strategy

The European Central Bank’s (ECB) decision to cut interest rates in June was not only perplexing but also premature. This was underscored by the ECB's decision in July to maintain the rates at their new level, despite economic conditions remaining largely …
July 29, 2024
Laws and Regulations,News,Technology

Luxembourg proposes groundbreaking blockchain law for investment funds

Luxembourg has proposed a groundbreaking law that would enable the use of blockchain technology in investment funds, aiming to solidify its position as a global financial leader. Finance Minister Gilles Roth tabled the proposed legislation on Wednesday, …