2820 results for ""
Date
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May 29, 2024
Laws and Regulations,Private Banks

ING ejects Luxembourg retail clients in private banking push

ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services. The move has left many of the Dutch bank’s …
May 29, 2024
Sector

WTW already secured €500 mln for new Luxembourg Raif

British-American multinational insurance services provider  Willis Towers Watson (WTW) is preparing to launch its first Luxembourg-based private equity fund in the coming months. The firm has already has secured over 500 million euro in commitments. The …
May 29, 2024
Opinion

Seeing northern lights? Almost as rare as an ECB interest rate shift

Imagine standing in the Dutch polder, gazing at a sky illuminated by the ethereal northern lights. It's a rare event, almost as rare as the European Central Bank (ECB) adjusting interest rates before the U.S. Federal Reserve (Fed). Yet, this unusual …
May 28, 2024
Private Banks,Asset Servicing

Private bank Hauck Aufhäuser goes Dutch in €672 mln deal

Dutch bank ABN Amro has announced the acquisition of German private bank Hauck Aufhäuser Lampe, also known as HAL, from Chinese investment company Fosun International. HAL's asset services activities in Luxembourg and Ireland are excluded from the …
May 28, 2024
Asset Managers,Wealth Managers

Defining ‘value for money’ bewilders asset managers

Under mounting pressure to justify fees and meet investor demands for transparency, asset management firms are raising concerns over the European Commission's vague definition of "value for money," arguing its subjective nature complicates cost …
May 28, 2024
Sector,Investing

Making the most of private markets

In an unstable investment environment with wars and crises looming worldwide, contradictory inflation data as well as insecurity regarding interest rate development, alternative investments have evolved into a diversifying and stabilising element of …
May 27, 2024
Asset Servicing

Tough ride ahead for Euro funds under new US T+1 settlement rule

From Tuesday, US trades of stocks, bonds and ETFs will need to be settled within a single day, not two, presenting significant challenges to European funds dealing in US securities. Insiders warn for a “tough ride” for traders to meet the tighter …
May 27, 2024
Asset Servicing

Luxembourg’s ManCos employ record 7,700 people, up 11%

Luxembourg's Management Companies, the firms that handle a substantial portion of investments serviced in the Grand Duchy, employed a record 7,700 people at the end of last year, up 11 percent from the previous year. This figure is reported in PwC's 2024 …
May 27, 2024
Opinion

The end of the dollar dominance?

China's recent massive sell-off of U.S. government bonds has financial headlines buzzing. This unprecedented move comes on the heels of President Biden’s decision to hike import tariffs on various "strategic" goods, including electric cars, by a …
May 24, 2024
Sector,Laws and Regulations

Esma proposes EU label for ‘basic’ investment products

The European Securities and Markets Authority (Esma) unveiled a new initiative this week aimed at making investment opportunities more accessible across the EU. At the heart of this plan is a new "basic and simple" EU investment product label, intended to …