2451 results for ""
Date
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July 6, 2023
Asset Servicing

Apex to service BTC’s Argento oil and gas fund from Miami

Apex Group on Thursday said it has been appointed by BTC Investment Group to deliver fund services to its Argento Energy Fund LP, launched by the Mexican family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a …
July 6, 2023
Private Banks

Quintet partners with BlackRock to boost investment services

Quintet Private Bank, headquartered in Luxembourg and operating across Europe, on Thursday said it has signed a memorandum of understanding with BlackRock, the world’s largest asset manager. The agreement will extend Quintet’s investment capabilities, …
July 6, 2023
Asset Managers,Sector,Laws and Regulations

Alfi Chair Goy: ‘Common goal is to strike the right balance’

With a clear vision in mind, Jean-Marc Goy, recently appointed as chairperson at the Association of the Luxembourg Fund Industry, Alfi,  is determined to foster the growth of the Grand Duchy's asset management sector by encouraging effective …
July 5, 2023
Transfers

Louis Wright appointed as CEO at Moventum

Moventum has announced the appointment of Louis Wright as the new CEO of the Luxembourg-based financial services company, following confirmation by the CSSF. With his extensive background in the industry, Wright is set to spearhead Moventum's provision of …
July 4, 2023
Laws and Regulations

Nobody’s happy about EU deal on MiFID review

Last week, EU governing bodies heralded an agreement updating the bloc’s financial market trading rules. The deal is said to increase EU capital markets’ global competitiveness as well as give access to the market data needed to make investing in …
July 4, 2023

Gramegna calls for single rulebook in EU financial markets

Pierre Gramegna, former Luxembourg finance minister and managing director of the European Stability Mechanism, on Tuesday called for bolder steps towards creating better integrated financial markets in Europe. Reviving the EU’s ambition for creating a …
July 3, 2023
Laws and Regulations

Luxembourg plans to cut subscription tax on Eltifs

Luxembourg is taking measures to become more competitive in the international funds market. Finance Minister Yuriko Backes has revealed plans to amend the "subscription" tax imposed on funds such as European Long Term Investment Funds, known as Eltifs, a …
July 3, 2023
Opinion

ECB shows no signs of considering a rate pause

The European Central Bank (ECB) may not openly acknowledge it, but behind the scenes, goodwill is slipping away. Goodwill represents the intangible, invisible value of a company. When applied to a central bank, it refers to the willingness to make …
July 3, 2023

ShareAction challenges complacency on ESG investments

ShareAction, a UK-based international charity advocating for responsible investment, on Monday launched a new definition of "responsible investment" with the aim of raising standards across the financial sector while combating greenwashing and misleading …
July 3, 2023
Asset Managers

Global managed assets witness first decline in 15 years

Global managed assets decreased by four percent to $255 trillion in 2022, marking the first decline in fifteen years, according to the new Global Wealth report by Boston Consulting Group (BCG). However, global savings increased by over 6 percent during …