It was June 2008 when I flew to New York to meet Paul Volcker for the first time. That trip is memorable for two reasons: first and foremost, of course, for the opportunity to sit down and talk with Volcker. But also because that week, EUR/USD reached its …

As Brussels prepares for what could become the toughest trade sanctions in years, financial markets remain strikingly calm. With just one week to go until the U.S. deadline of August 1, European policymakers are finalising retaliation measures that could …

Private bankers are in hot demand across Europe as private banks double down on growth. But not just any banker. The real prize today is the hunter, a relationship manager with a strong commercial drive, deep networks, and the ability to bring in new …

This week’s overview of people transfers and appointments includes updates from Apex Group, EY Luxembourg, DWS Group, Aberdeen, Coutts, CMS Luxembourg, GAM and HSBC Asset Management. Apex Group John Amberg has been appointed as chief compliance officer by …

The ECB may be standing still, but the ground beneath is shifting. With eight rate cuts behind it since September 2023 and another still on the table, the second half of the year could bring more drama than the quiet summer suggests. The path forward is …

Partners Group has spent the past decade at the forefront of opening up private markets to a broader investor base. With semi-liquid evergreen strategies and tailored mandates, the Swiss investment group, anchored firmly in Luxembourg, positioned itself …

Vietnamese finance minister Nguyen Van Thang met with representatives from FTSE Russell last week to discuss the potential reclassification of Vietnam’s capital market. This marks an important moment in Vietnam’s journey from frontier market to emerging …

Investors still too often view emerging market debt (EMD) as a simple choice between hard and local currency. That’s a missed opportunity, said Cathy Hepworth, who established PGIM Fixed Income’s EMD team 30 years ago. According to her, the true strength …

Developments in public finances are unfolding at such a rapid pace that there’s barely time left to look at asset prices themselves. But if you take a step back, it’s hard not to conclude that we are witnessing a regime shift. So why is hardly anyone …

Local emerging-markets debt strategies took a beating in the last quarter of 2024 but recovered spectacularly in dollar terms in the first half of 2025 with the widely-used JPM GBI-EM Global Diversified index recording a return of 13 percent for the …

ECB frustrated by strong euro, shows its inconsistency once again

Brussels readies ‘nuclear option’ as tariff deadline nears

Private banks race for growth as ‘hunters’ return to favour

Transfers: Apex, EY, DWS, CMS, Aberdeen, Coutts, GAM, HSBC

Strong euro clouds Lagarde’s roadmap

Semi-liquid strategies test Partners Group’s resilience

Frontier, emerging, and developed markets

‘EMD is more than a currency play’

Chart of the week: a mega regime shift on the horizon?

Morningstar: Pimco versus Barings in global emerging markets bond – local currency