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Date
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March 5, 2024
Laws and Regulations

SEC likely to deviate from European climate reporting rules 

The Securities and Exchange Commission (SEC) is about to scrap the requirement for Scope-3 reporting. In doing so, the US stock market watchdog is driving a wedge between US legislation and the new European rules from the Corporate Sustainability …
March 4, 2024
Private Banks,Wealth Managers

Services taking precedence over fees, Cerulli study shows

Services, not fees, are increasingly driving client decisions in wealth management and private banking, a leading US consultancy has concluded in its latest study of clients in the high-net-worth (HNW) and ultra-high-net-worth (UHNW) market segments. In …
March 4, 2024
Sector

MSCI: Gender diversity in corporate boards decelerating

In the latest report from MSCI ESG Research, a nuanced picture emerges on the state of gender diversity within corporate boards. Despite a marginal uptick in the percentage of women directors, concerns loom over the slowing pace of change, according to …
March 4, 2024
Investing,Opinion

Unraveling the UK budget dilemma

This week, the UK Chancellor of the Exchequer will present the UK's new budget. Since the September 2022 debacle, when Liz Truss and Kwasi Kwarteng's bizarre tax plan almost brought the UK's pension and insurance system to the brink of collapse, the extra …
March 1, 2024
Sector

Theobald to succeed Mackel at Luxembourg for Finance

Tom Theobald has been been appointed to succeed Nicholas Mackel as the head Luxembourg for Finance, the country's state-sponsored association that advocates for the interests of the grand duchy's financial sector. He will take on the new role from 1 …
March 1, 2024
Laws and Regulations

European Council blocks corporate responsibility directive

The new European directive mandating corporate social responsibility for large companies has been blocked by the European Council as yet. Germany, Italy and France last week withdrew their support for the proposal they had agreed to as recently as …
February 29, 2024
Asset Managers

Morningstar lists 12 funds for Luxembourg excellence award

Morningstar has announced the finalists for the 2024 Morningstar Awards for Investing Excellence Luxembourg. Twelve funds are nominated for a Morningstar Category Award, and six asset managers are shortlisted for a Morningstar Asset Manager Award. The …
February 29, 2024
Sector,Transfers

Transfer Thursday: Pictet, Crestbridge, PwC Luxembourg

This week’s overview of transfers, appointments, promotions and other people news includes updates from Pictet, Crestbridge and PwC Luxembourg.  Maria Vassalou Maria Vassalou (photo) has been appointed as head of the Pictet Research Institute, whose …
February 29, 2024
Sector,Opinion

Five reasons not to domicile funds in Luxembourg

The Grand Duchy of Luxembourg accounts for 36% of UCITS assets globally, indicating numerous advantages to domiciling an investment fund here. However, as the investment landscape evolves, its competitiveness is diminishing, particularly in comparison to …
February 29, 2024

Weak yen crowns top Japanese companies as ‘Seven Samurai’

That Japan unexpectedly slipped into recession will make the market care. Profits of listed companies are soaring, and share prices are peaking. Investors say there is much more in store, but the yen must continue to cooperate. Goldman Sachs already …