Artificial intelligence (AI) is reshaping the financial landscape with promises of efficiency, innovation, and superior decision-making capabilities. However, as the European Securities and Markets Authority (Esma) warned this week, the integration of AI …

The European Securities and Markets Authority (Esma) issued a warning on Thursday, advising the financial sector to exercise caution in the use of artificial intelligence (AI) in investment services. While AI promises to revolutionise the retail …

This week’s overview of transfers, appointments, promotions and other people news includes updates from Universal Investment, Gen II Fund Services, Deloitte and JP Morgan. Stephen Bird Stephen Bird (photo) has agreed to step down as CEO at UK asset …

Banks and asset managers continue to make misleading sustainability claims, according to the European Securities and Markets Authority, Esma. Following an investigation into the compliance of marketing communications with MiFID II rules, Esma found that …

ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services. The move has left many of the Dutch bank’s …

British-American multinational insurance services provider Willis Towers Watson (WTW) is preparing to launch its first Luxembourg-based private equity fund in the coming months. The firm has already has secured over 500 million euro in commitments. The …

Imagine standing in the Dutch polder, gazing at a sky illuminated by the ethereal northern lights. It's a rare event, almost as rare as the European Central Bank (ECB) adjusting interest rates before the U.S. Federal Reserve (Fed). Yet, this unusual …

Dutch bank ABN Amro has announced the acquisition of German private bank Hauck Aufhäuser Lampe, also known as HAL, from Chinese investment company Fosun International. HAL's asset services activities in Luxembourg and Ireland are excluded from the …

Under mounting pressure to justify fees and meet investor demands for transparency, asset management firms are raising concerns over the European Commission's vague definition of "value for money," arguing its subjective nature complicates cost …

In an unstable investment environment with wars and crises looming worldwide, contradictory inflation data as well as insecurity regarding interest rate development, alternative investments have evolved into a diversifying and stabilising element of …

AI in investment services: A double-edged sword

Esma warns of AI risks in investment services

Transfer Thursday: Abrdn CEO exits, new CTO for UI

As mystery shopper, Esma finds greenwashing in finance

ING ejects Luxembourg retail clients in private banking push

WTW already secured €500 mln for new Luxembourg Raif

Seeing northern lights? Almost as rare as an ECB interest rate shift

Private bank Hauck Aufhäuser goes Dutch in €672 mln deal

Defining ‘value for money’ bewilders asset managers

Making the most of private markets