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Date
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September 13, 2023

Europe braces for high-stake interest rate showdown

The upcoming meeting of the European Central Bank (ECB) promises to be one of the most consequential in recent times, underlining the difficult trade-offs the institution must consider amidst an environment of high inflation and stalling economic growth. …
September 13, 2023
Transfers

Arendt’s Pierre Wauthier returns to PwC Luxembourg

PwC Luxembourg is enhancing its real estate capabilities with the addition of new partner Pierre Wauthier, a veteran with over two decades of experience in Luxembourg's real estate and deal markets. Wauthier joins the firm after three years at law firm …
September 13, 2023
Supervision

Swiss financial supervisor chief quits amid bank turmoil

Urban Angehrn, CEO of the Swiss Financial Market Supervisory Authority (Finma), is stepping down at the end of September, citing health issues linked to job-related stress. Deputy Director Birgit Rutishauser will become the interim director starting Oct. …
September 13, 2023

Is climate change really a financial risk?

In May 2022, Stuart Kirk, head of responsible investment at HSBC, assured investors that they need not worry about climate risk. "Climate change is a not a financial risk we need to worry about," he argued. He also expressed his dissatisfaction with the …
September 13, 2023
Laws and Regulations

Efama slams EU cyber standards as disproportional

European fund and asset management association Efama has raised significant concerns over the proposed regulatory technical standards and implementing technical standards for the Digital Operational Resilience Act, the cybersecurity plan known as Dora, …
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 …