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April 27, 2023
News,Wealth Managers,Investing

Luxembourg to encourage Eltif uptake with tax exemption

Luxembourg’s finance minister has tabled a proposal to the grand duchy’s parliament to encourage the uptake of European long-term investment funds known as Eltifs. If adopted, the proposal will exempt Eltifs from requiring to pay the quarterly …
April 27, 2023
Asset Managers

Deutsche Börse offers €3.9 billion for data firm SimCorp  

Deutsche Börse AG on Thursday made an offer of 3.9 billion euro in cash for Danish investment software and data provider SimCorp A/S. The offer is endorsed by SimCorp's board. The German stock exchange said it plans to integrate SimCorp into its existing …
April 27, 2023
Asset Managers

Raymond Sagayam appointed as managing partner at Pictet

Pictet Group has announced the appointment of Raymond Sagayam as the 47th Managing Partner in the 218-year history of the firm, effective 1 January 2024. Sagayam joined Pictet Asset Management in 2010 as head of total return fixed income to build and …
April 27, 2023

Schmitt, Zwick named partners at Clifford Chance

Ada Schmitt and Oliver Zwick have been named partners at law firm Clifford Chance in Luxembourg. Their promotions are part of a global cohort of 32 lawyers. Schmitt (photo) is a member of the Luxembourg Litigation and Dispute Resolution practice. She …
April 27, 2023
Sector,Technology

Luxembourg aspires to leadership in Europe’s crypto market

Reactions to last week’s European Parliament vote on the Markets in Crypto-Assets regulation, known most commonly as MiCA, has been generally positive. Where does Luxembourg, with its early bet on crypto, now stand? We’ve spoken with several crypto …
April 26, 2023
Opinion

The recession that just won't come

It is striking how bad economists are at predicting a recession. They have shouted so many times now that a recession is coming, that they have just dug in and knowingly stuck to this tunnel vision. At the end of last year, as many as 85 per cent of …
April 26, 2023
Opinion,Asset Servicing

Division of labour: underrated gamechanger for ManCos

The implementation of the AIFMD, the European directive for alternative investment funds managers, in 2011 can be seen as the starting point for the transition to a greater degree of specialisation. The requirements in this directive have increased the …
April 25, 2023
News,Institutional

EU warns climate insurance gap must be bridged

The European Central Bank and the EU’s top insurance body have warned that businesses and households are not sufficiently insured against climate-related disasters, raising the risk of financial instability and economic crises. A discussion paper issued …
April 25, 2023
Sector,Supervision

European issuers account for 17% of all credit ratings 

The 30 countries in the European economic area account for less than one out of every five credit ratings issued by credit rating agencies across the world, according to a new report published on Tuesday by the European Securities and Markets Authority, …
April 25, 2023
News,Sector

Luxembourg stock exchange expands cooperation with Macao

The Luxembourg stock exchange has announced a new move to expand its cooperation with Macao, one of China’s Special Administrative Regions. The bourse said it will offer trading in securities listed on the Chongwa (Macao) Financial Asset Exchange Co. …