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Date
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September 12, 2023
Sector,Technology

Esma’s Ross wants action on digitalisation, greenwashing

Verena Ross, the chair of the European Securities and Markets Authority, Esma, has laid out a robust European framework for improving financial markets, boosting trust and transparency. But in a speech in Germany on Monday, she also identified the …
September 12, 2023

UK-Luxembourg tax treaty to streamline investments

Luxembourg-based investment funds looking to invest in the UK have good news: a new Luxembourg-UK double tax treaty will take effect in 2024. The treaty grants Luxembourg corporate collective investment vehicles access to treaty benefits, either as a …
September 11, 2023
Asset Servicing

Apex eyes growth in South Korean asset management

Global financial services provider Apex Group on Monday announced the initiation of its business operations in South Korea. The move aims to offer extensive solutions to global asset management clients and solidifies the  firm's presence in the …
September 11, 2023
Investing

Baillie Gifford EM strategy bets on India, LatAm, Indonesia

Pension funds are keen for asset managers to increase allocations to India, some advocating for a 20% allocation in their emerging markets portfolio. India's growth trajectory could potentially eclipse China's, given its focus on the service sector rather …
September 7, 2023
Transfers,Institutional,Wealth Managers

Transfers: Jeroen Bos named global equity head at AXA IM

This week’s overview of transfers in the fund and asset management sector includes appointments at Axa Investment Managers, Allianz Global Investors, Alter Domus and Linklaters. Jeroen Bos AXA Investment Managers on Wednesday announced the appointment of …
September 6, 2023
Asset Managers,Transfers

BNP Paribas’ Jond takes helm at Amundi Luxembourg

In a high-profile executive shuffle, Pierre Jond has been named the new Chief Executive Officer of Amundi Luxembourg, and chairman of Fund Channel, the B2B fund distribution platform jointly owned by Amundi and Caceis. The appointment took effect on …
September 6, 2023
Asset Servicing

Capita’s Chantal Free appointed as CEO at Ocorian

Chantal Free has been appointed at the new chief executive officer at Ocorian, a global asset services provider that also is present in Luxembourg. Free joins Ocorian from Capita where she was CEO of their portfolio division, leading a portfolio of …
September 6, 2023
Institutional,Wealth Managers

Bruno Valersteinas replaces Corpas as OneLife CEO

Bruno Valersteinas has been formally appointed as Chief Executive Officer at OneLife per 1 August, replacing Antonio Corpas who passed away due to an accident in January. OneLife said that Valersteinas' appointment has been approved by the Commissariat …
September 6, 2023
Wealth Managers,Investing

New Raif registrations show moderate recovery in July

Reserved alternative investment fund registrations (Raifs) in July continued a moderate recovery from a slowdown earlier this year, with 31 new Raifs added to the Luxembourg Business Register list. The statistic for July continues three months of growth …
September 5, 2023
Private Banks,Wealth Managers

BIL client deposits fall as earnings surge on rate hikes

Banque Internationale à Luxembourg (BIL), a Chinese-owned systemic bank in Luxembourg, on Monday posted a robust financial performance for the first half, revealing a net profit of 103 million euro, up from 68 million in the same period a year earlier. …