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July 4, 2024
Private Banks,Wealth Managers

Wealth starts with an income of at least €365,000

If you want to be considered wealthy in Luxembourg, you’ll need to earn an annual gross income of at least 365,000 euro. According to a recent survey, that's the magic number that Luxembourg residents believe separates the wealthy from the rest. …
July 4, 2024
Transfers

Transfer Thursday: Generali, Uni.lu, LPEA, DLA Piper

This week’s overview of transfers, appointments, promotions and other career news includes updates from Generali, the University of Luxembourg, Euroclear, La Française and DLA Piper. Dirk Zetzsche Professor Dirk Zetzsche (photo) of the University of …
July 4, 2024
Expert Panel

Becoming Dora compliant still is a challenge

Our preceding article on Investment Officer addressed how Luxembourg's CSSF is helping asset managers prepare for the introduction of the EU's Digital Operational Resilience Act (Dora) and highlighted that the Dutch supervisory authority, the AFM, would …
July 3, 2024
Private Banks,Wealth Managers

With Preqin, BlackRock brings indexing to private markets

BlackRock, the world’s largest asset manager, has announced its acquisition of private equity data provider Preqin for 3.2 billion dollars. This strategic move aims to "bring the principles of indexing to private markets," according to BlackRock CEO Larry …
July 3, 2024
Asset Managers,Private Banks

Open finance: an ambitious but tortuous journey

The EU has set out its objectives for the digitalisation of its economy. New technologies have the potential to support the integration of capital markets, improve the provision of financial services and make them more efficient for the benefit of …
July 2, 2024
Private Banks,Wealth Managers

Luxembourg to publish new Eltifs monthly

Luxembourg’s financial regulator CSSF plans to make public an online register of European long-term investment funds (Eltifs) on 31 July. The register will be updated every month with new registrations. Luxembourg’s financial centre stands to do very well …
July 2, 2024
Investing

‘Passively Paris-aligning a portfolio doesn’t make sense’

Investors seeking to achieve real change through their impact investment will find that the passive approach isn’t as effective as an active one, explained John William Olsen (photo), fund manager of the M&G (Lux) Positive Impact fund and the Global …
July 2, 2024
Opinion

Inimitable ECB

Data-dependent, that was perhaps the word we heard most often from the president of the European Central Bank (ECB) in recent months. The term describes the ECB's modus operandi: the bank would decide what to do with interest rates on a meeting-by-meeting …
July 1, 2024
Asset Allocation,Investing

China’s sudden electric car boom stirs strategic concerns

China's rapid emergence as a market leader in electric vehicles (EVs) has sparked significant concerns throughout the European Union. Are the expansions of Chinese automakers into Europe a modern-day Trojan horse? And what exactly is driving this …
July 1, 2024
Investing,Opinion

Will debt sink the American empire?

The Wall Street Journal recently featured a striking graphic headlined "Will Debt Sink the American Empire?" With the United States facing another daunting budget deficit of seven percent of GDP this year, such alarming depictions of debt are …