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Date
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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. …
September 5, 2023
Opinion

In Flux: Luxembourg asset scene sizzles

Ah, September! That halcyon month when the aroma of freshly sharpened pencils mingles with the remnants of sunscreen. Welcome back, fund and asset managers in Luxembourg — Yes, you, with your tanned glow and a back-to-work gleam in your eye.  Your office …
September 4, 2023
Opinion

Chart of the week: regime change or oil?

Long-term inflation expectations have risen this year. In fact, just when central banks decided a few months ago to  go the extra mile  to push inflation down, expectations rose further. Are investors already preparing for a regime change regarding …
September 1, 2023
Opinion

Modernising investments: Luxembourg has done it again

The Luxembourg legislator has done it again: with Bill 8183 (the “Bill”), which recently has passed the Luxembourg Parliament, entering into force on 28 July 2023, the Luxembourg funds toolbox has been carefully modernised. Diligent evolution, rather than …
September 1, 2023
Asset Managers,Private Banks,Investing

Problems in China upset even enthusiasts

Chinese growth is disappointing. Global asset managers are liquidating large parts of their equity positions in the country, resulting in falling share prices. It seems like a godsend for bargain hunters, but passionate China investors are also on their …
August 31, 2023
Asset Managers,Wealth Managers

KPMG plans new HQ on current BGL-BNP Paribas site

KPMG Luxembourg announced Wednesday an agreement with developer BPI Real Estate to develop a new headquarters building in Kirchberg for its audit, tax and advisory services activities. The deal includes developing a new 31,000-square-meter headquarters on …