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November 21, 2023

Finance Ministry: Gilles Roth exits from the shadows

The business community response to the formation of the CSV-DP government in Luxembourg last Friday has been broadly positive. This includes the naming of Gilles Roth (photo) as finance minister to replace the outgoing Yuriko Backes, who’s taking up other …
November 21, 2023
Private Banks,Wealth Managers

Strategic shift at Leo Stevens as Vlayen takes 47.5% stake

Belgian investor Frank Vlayen has taken a 47.5 percent stake in Antwerp-based Leo Stevens Private Banking. CEO Ive Mertens believes this deal will solidify the stockbroking firm's independent trajectory. Leo Stevens Private Banking, celebrating its 75th …
November 20, 2023
Events,Investing

Inflation, AI in focus at IO Outlook Amsterdam event

Investment Officer is organising an event on 30 November at the H’ART Museum in Amsterdam to look ahead to 2024. The event will cover topics such as economic growth, inflation, and the role of artificial intelligence in the financial sector. Aline …
November 20, 2023
Investing,Opinion

Euphoria!

Let me begin by stating my agreement that the Federal Reserve is unlikely to raise interest rates imminently. However, basing this expectation solely on the latest inflation figures seems overly optimistic. The recent data, after all, were not …
November 20, 2023
Asset Managers

Fund houses bet on ETFs as future of investing

Fund managers are beefing up their exchange-traded fund (ETF) ranges, to judge from a recent flurry of product launches. Luxembourg’s fund industry faces a dual threat: these ETFs launched in Ireland and are taking market share from traditional Ucits …
November 17, 2023
Asset Managers

Beama’s new chief advocates clarity in ESG funds

Koen Van de Maele, the new president of the Belgian Asset Manager Association, or Beama, began his career at what is now Candriam. He shared his views on the evolving sector of sustainable fund management.  "After the initial overhaul of the Sustainable …
November 17, 2023
Asset Managers,Supervision

FCA warns asset managers on inadequate ESG practices

The UK’s financial supervisor still sees shortcomings in the asset management industry in regards to sustainable investment funds ahead of its publication of more stringent anti-greenwashing rules.   The UK Financial Conduct Authority, known as FCA, has …
November 16, 2023
Sector,Laws and Regulations

Efama DG calls for reframing discourse on retail investments

The current approach to the EU’s retail investment strategy may not adequately address broader issues such as the retirement savings gap, reflecting a need for a more holistic approach to financial education and pension policies, a leading European …
November 16, 2023
Transfers

Transfer Thursday: Advanzia, Arcida, La Française, AlpFin

This week’s overview of transfers, appointments and promotions includes updates from Advanzia Bank, Arcida, La Francaise, Scope and Alp Financial. Nishant Fafalia Nishant Fafalia  (photo) this week saw his appointment as permanent CEO of Advanzia Bank …
November 15, 2023
Asset Allocation

US inflation data challenges ‘higher for longer’ narrative

The suggestion that the Federal Reserve will maintain elevated interest rates is wavering after unexpected declines in U.S. inflation figures, much to the delight of stock and bond markets. In October, the annual inflation rate decreased to 3.2 percent, a …