Los Angeles-based Capital Group, a major global investment manager also present in Luxembourg, on Thursday said that Mike Gitlin from October will assume the management responsibilities of Tim Armour, chairman and chief executive officer. Armour and vice …

Luxembourg’s financial supervisor CSSF on Thursday published an update to its Reporting Handbook for investment firms. The update integrates the latest version of the reporting framework designed in recent years by the European Banking Authority and …

Boards of AIFMs, Alternative Investment Fund Managers, in Luxembourg are “heavily concerned” over potential greenwashing, a survey conducted by PWC Luxembourg on behalf of the Luxembourg corporate governance institute ILA said. The survey pointed to …

Luxembourg’s financial supervisor CSSF has levied a 22,100 euro fine against alternative investment fund manager Pemberton Asset Management SA after a 2020 inspection found “failures” in risk management, organisational requirements and supervising …

Senior private banker Alexandre Schmitz has left Degroof Petercam Luxembourg to join the Luxembourg operation of Lazard Frères Gestion, a French asset management firm which has offered wealth management services in Luxembourg since 2021. Schmitz will join …

Britta Borneff, a former managing director at Fuchs Asset Management, has been appointed as the new director of events, communications and business development at the Association of the Luxembourg Fund Industry, Alfi. Borneff’s professional career in …

Luxembourg’s reputation for excessive house prices is facing macroeconomic clouds looming over European and international housing markets. However, several country-specific factors will likely minimise the price drops seen in other markets, including tax …

Of the European assets flowing into ETFs last year, a higher proportion went to trackers with ESG labels than trackers without that sustainability feature. Sustainable fixed income ETFs were particularly popular in Europe. This is according to Amundi …

Banks, not investment funds, are responsible for financing the most carbon-intensive activities, the European Central Bank has concluded on the basis of experimental new indicators for sustainable finance. “The companies they finance produce relatively …

High hopes for crypto’s ability to revolutionise the financial world were dealt a harsh reality check with the collapse of the FTX cryptocurrency exchange last year. With Luxembourg having early on placed a bet on crypto, some have suggested it could …

Mike Gitlin to replace Tim Armour as Capital Group CEO

CSSF asks firms to use EBA’s threshold monitoring tools

AIFM boards ‘heavily concerned’ over potential greenwashing

CSSF fines Pemberton for ‘failures’ under AIFM law

Lazard names Alexandre Schmitz to Luxembourg unit

Britta Borneff named director of communications at Alfi

Luxembourg seems immune to global housing market downturn

Two thirds of ETF inflows target the sustainable variety

ECB: Banks, not funds, finance carbon-intensive activities

New regulation offers salvation to crypto hopes