This week’s overview of executive appointments in and around Luxembourg includes updates from TMF Group, FNZ, Deloitte and Linklaters. TMF Group names Ellen Stiene market head North America TMF Group has appointed Ellen Stiene as its new market head for …

Rothschild & Co has opened a wealth management branch in Luxembourg, extending its Rothschild Martin Maurel operations to support European private banking expansion. First communicated in February, the move aligns with the group’s broader strategy to …

The rise of Eltif 2.0 and private market retail access is exposing a critical weakness: legacy reporting systems that cannot meet modern client expectations. Private markets are in high demand, but client reporting systems are struggling to keep up. …

Continuation funds, once a post-crisis workaround for expiring vehicles in weak exit markets, are booming and find themselves at the centre of growing criticism. Critics warn they distort valuations, mask losses, and edge dangerously close to Ponzi-like …

Last Friday, it finally happened: Moody’s—the last credit rating agency still holding on to a shred of faith in Uncle Sam—downgraded the United States from AAA to Aa1. America is now officially among the ranks of “almost-but-not-quite-perfect” countries. …

In an era of industry consolidation and shrinking margins, Allianz Global Investors is choosing defiance over dependence. As rivals explore mergers and exits, the Frankfurt-based asset manager is staking its future on autonomy, private markets and a …

Remember that BBC quiz show with the notoriously blunt Anne Robinson, who ended each round with the line, “You are the weakest link. Goodbye”? In The Weakest Link, the contestant deemed weakest by the others was eliminated—on the logic that a weak player …

In the world of finance, averages are useless. Concepts like extrapolation, correlation, and diversification do little more than invite disaster—or, at the very least, significantly lower returns than are otherwise achievable. “Modern portfolio theory is …

The US economy contracted at a rate of 0.3 percent in the first quarter of 2025. The slowdown in GDP growth was driven by a surge in imports, as US firms attempted to front-run tariffs. The first-quarter decline marks a sharp turn for the economy after …

Private equity firm Astorg, headquartered in Luxembourg, has announced a change in senior leadership, appointing Benjamin Cordonnier as chief executive officer. The move follows the transition of co-founder Thierry Timsit to the role of executive …

Transfers: updates from TMF Group, FNZ, Deloitte and Linklaters

Rothschild & Co picks Luxembourg as wealth management hub

Private markets test wealth managers' tech limits

Critics say continuation funds risk Ponzi dynamics

Triple-A tango

Merger mania? Not here, says AllianzGI CEO

Chart of the week: The weakest link

For Nassim Taleb, averages are completely irrelevant

Morningstar: Lord Abbett versus Neuberger Berman in USD high yield

Benjamin Cordonnier named CEO at Astorg