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January 9, 2024

Deloitte boosts fintech practice with Alto Advisory

Deloitte Luxembourg on Monday said it has acquired the fintech practice of Alto Advisory for an undisclosed amount per 1 January 2024. Alto offers software services for depositaries, transfer agents and fund managers. Yoan Jagoury (photo), Alto founder …
January 9, 2024
Asset Servicing

‘Outsourcing remains a dominant force in Luxembourg’

Luxembourg's financial sector continues to rely heavily on outsourcing services. A survey, conducted by PWC among 342 top executives and operational heads in the financial sector, found that a remarkable 90 percent of them engage in outsourcing …
January 8, 2024
News,Supervision

CSSF ready to conditionally approve Eltif 2.0 applications 

Luxembourg’s financial supervisor CSSF is ready to conditionally give its green light for new applications of Eltif 2.0 funds, even as the market still awaits a final adoption of the regulatory and technical standards, known as the RTS, by the European …
January 8, 2024
Investing,Opinion

A spot Bitcoin ETF - does it matter?

The imminent decision by the U.S. Securities and Exchange Commission (SEC) on a series of U.S. spot Bitcoin Exchange-Traded Funds (ETFs) is stirring up the Bitcoin investment community. While many investors are caught up in a typical “buy the rumour, sell …
January 5, 2024
Sector,Supervision

Eltif 2.0 launch: Tension builds in Luxembourg

As the clock ticks down to the much-anticipated launch of the revamped EU regime for European Long-Term Investment Funds (Eltifs), the private markets world is abuzz with anticipation and a dash of uncertainty. In less than a week, the Eltif 2.0 regime …
January 4, 2024
Private Banks,Wealth Managers

‘Investors don’t need private markets’

While many asset managers continue to explore private investments amidst growing market uncertainties, Optimix Asset Management has consistently avoided them. “Investors don't need private markets,”  said Jelte de Boer, managing director of …
January 3, 2024
Asset Servicing

Edmond de Rothschild to sell asset services ops to Apex

Geneva-based investment house Edmond de Rothschild has agreed to sell its third-party asset servicing operations based in Luxembourg to Apex Group, a global financial services provider. This move is a part of Edmond de Rothschild’s strategy to narrow its …
January 3, 2024
Opinion

Ten misconceptions around the Magnificent Seven

It is striking how few investors dare to bet their cards on the Magnificent Seven before 2024. All sorts of things are being tipped, but the Magnificent Seven have to suffer. The hype is over and they could fall apart at any moment. It is either no good …
January 3, 2024
Private Banks

Private banks told to reform as income inversion nears

Future-oriented private banks face a time crunch to reorganise before the end of a temporary “inversion” in what generates their income. Private banks, historically able to rely very heavily on their hefty fees and commissions, have seen interest profits …
January 2, 2024
Sector,Investing,Laws and Regulations

This is what our columnists and experts expect for 2024

Higher interest rates, the pace at which central banks will cut rates, a possible recession and regulations on sustainability and digitalisation. In their expectations for 2024, Investment Officer experts and columnists name these as the key themes.  In …