Investment Officer

A new report by Finance Watch, a Brussels-based public interest group, has highlighted an impending investment crisis in the European Union. A

A lack of reliable Environmental, Social, and Governance (ESG) data is significantly hindering the implementation of the European Union’s sustainable finance regulations, according to a survey by the CFA Institute.

This week’s overview of transfers, appointments, promotions and other career news includes updates from Edmond de Rothschild, M&G Investments, Warburg Pincus, Currentis and PwC Luxembourg.

Amundi, Europe’s biggest asset manager, is taking a 26.1 percent stake in Texas-based asset manager Victory Capital. The stake is valued at about 800 million dollars.

Sunday’s French elections have averted the worst-case scenario of a far-right victory but have plunged the country into a period of political uncertainty and potential paralysis.

The CSSF has fined BGL BNP Paribas three million euro for significant lapses in its anti-money laundering and counter-terrorist financing compliance. It’s the second-largest fine ever imposed for AML failings in Luxembourg.

If you want to be considered wealthy in Luxembourg, you’ll need to earn an annual gross income of at least 365,000 euro.

This week’s overview of transfers includes updates from LPEA, Generali, the University of Luxembourg, Esma, Euroclear, La Française and DLA Piper.

ING plans to extend its private banking and wealth management services to countries outside the Netherlands, Belgium, and Luxembourg.

The European Central Bank’s (ECB) decision to cut its benchmark interest rate for the first time since 2019 underscores a strategic but cautious approach to managing persistent inflation in the Eurozone. “The ECB did not pre-commit to a specific path for further interest rate cuts,” Ulrike Kastens, Europe economist at Europe’s third-biggest asset manager DWS, told investors.