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June 19, 2023

Sandro Pierri of BNP Paribas AM elected EFAMA president

During a annual general meeting in Amsterdam on Friday, Sandro Pierri, CEO of BNP Paribas Asset Management, was elected as the President of European fund and asset management association EFAMA for a two-year term until June 2025. Pierri, who has been the …
June 19, 2023
Platforms

LuxSE books €170 mln gain on Fundsquare sale

The Luxembourg Stock Exchange, also known as LuxSE, has booked a one-time gain of 170 million euro on the sale of its data subsidiary Fundsquare, it said following its annual general meeting on Friday. The sale of Fundsquare to FE fundinfo, a London-based …
June 19, 2023

Emir 3.0: mandatory clearing presence in EU stirs debate

The trade clearing industry generally likes the EU market trading rules’ proposed update, but it has much less enthusiasm about a provision based on the policy’s plan to take back control of EU trading in the post-Brexit context. Experts at an Efama event …
June 19, 2023
Investing,Opinion

Artificial inconsistencies

I'm a big fan of the Bank of America Global Fund Manager Survey. Firstly, because it pertains to the positioning and perspectives of real investors managing significant amounts of money. And secondly, because Bank of America tries to translate the …
June 16, 2023
Private Banks,Wealth Managers

‘Crédit Agricole, ABN, Swiss to bid for Degroof Petercam’

Crédit Agricole, ABN Amro, and "one or two Swiss private banks" have been named as finalists in the bidding process for the acquisition of Belgian wealth management and investment bank group Degroof Petercam, French business daily Les Echos reported on …
June 16, 2023

Unlikely startups leapfrog giants in AI goldrush

AI funds are offering investors the opportunity to capitalize on the burgeoning interest and opportunities that Artificial Intelligence presents. Using the Consensus Purity Score, Morningstar was able to rank funds based on their pure exposure to the AI …
June 16, 2023

EY: ‘Talents and tax’ drive investment in Luxembourg

Luxembourg topped the list for the most direct foreign investment per capita for the second year running in EY’s Luxembourg Attractiveness Survey. But the clear sense at a press conference held to release the second edition of the survey was that the …
June 16, 2023
Investing

Nvidia and dawn of generative AI mark a new investment era

The artificial intelligence revolution is in full swing, and Nvidia's recent financial performance is a testament to this transformative era. For investors as well as businesses and policymakers, the dawn of generative AI has opened the doors to a new …
June 15, 2023
Supervision

ESMA wants to become advanced market data hub

The European Securities and Markets Authority (ESMA) on Thursday unveiled its ambitious Data Strategy for the next five years, signalling a commitment to bolstering data-related technologies, slashing compliance costs, and enhancing data accessibility …
June 15, 2023

Brussels wants ESG data providers supervised by ESMA

Brussels wants to place ESG data providers under the supervision of the financial watchdog, the European Securities and Markets Authority (ESMA). The proposal aims to address concerns about transparency and potential conflicts of interest in the creation …