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Date
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September 20, 2024
Laws and Regulations

Morgan Stanley banker Albuquerque faces scrutiny as EU finance chief

Former Portuguese finance minister Maria Luís Albuquerque, known for her austerity-heavy tenure during the eurozone crisis, emerged this week as the European Commission’s nominee for the influential role of Commissioner for Financial Services. Her …
September 20, 2024
Expert Panel

Fund Radar: Pharma companies regain their growth trajectory

Pharmaceutical companies were once known for their strong growth potential, but slowing revenue growth, lower valuations, and higher dividend yields have given them a more mixed profile in recent years. However, over the past three years, Novo Nordisk and …
September 19, 2024
Asset Managers,Asset Servicing,Laws and Regulations

Fine for Vistra over valuation errors heralds new regime in Luxembourg

Luxembourg’s financial regulator has issued a relatively small fine for a class of transgression with huge implications for the industry: valuations of funds, in particular for unlisted alternative investments. With the CSSF having released its first …
September 19, 2024
Fund Interview,Investing

Lux-domiciled CLO-ETF fund sees advantage in Luxembourg approach

Luxembourg has been outpaced in the development of exchange-traded funds by Ireland. However, steps have been taken to improve Luxembourg’s offer. Investment Officer has spoken with people involved in the recent launch of a new Luxembourg-domiciled …
September 19, 2024
Transfers

Transfer Thursday: Alfi, Marsh McLennan, EY, Amundi

This week’s overview of transfers, appointments, promotions and other career news in the fund and asset management community in and around Luxembourg includes updates from Alfi, Marsh McLennan, EY Luxembourg and Amundi. Corinne Lamesch Corinne Lamesch …
September 18, 2024
Investing

Cyclical stocks and small caps US benefit most from a Fed cut

The stock market is going through turbulent times, especially within the large technology stocks segment. Nevertheless, a soft landing seems to be in the offing. Investors are already anticipating a possible rebound, especially among US cyclical stocks …
September 18, 2024
Opinion

Choosing Luxembourg over commuting

It’s a cold, early September morning as Lucie Bouchon sets out for work. She takes the country roads to avoid traffic but ends up stuck behind a tractor. Arriving an hour late, she and her colleague, Hans Pendler, seriously consider moving to Luxembourg. …
September 18, 2024
Private Banks

Fed eases Basel III capital requirements after bank lobbying efforts

The Federal Reserve has announced plans to substantially ease the capital requirements for large US banks, marking a significant shift in the implementation of Basel III standards. This pivot reflects the struggle regulators face in balancing the need for …
September 17, 2024
Asset Servicing,Laws and Regulations

JP Morgan, State Street dominate Luxembourg fund industry

JP Morgan and State Street have reinforced their dominance in Luxembourg's fund industry, according to the 30th edition of Monterey Insights Luxembourg Fund Report.  JP Morgan ranks as the top investment manager in the Grand Duchy, while State Street …
September 17, 2024
Asset Managers

The French have made the ‘banking dream’ come true with BNP-AXA deal

French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca’s bank analyst Andrea …