Investment Officer

This week’s overview of transfers, appointments, promotions and other people news includes updates from Pictet, Crestbridge and PwC Luxembourg. 

EU-level regulation adopted this week by the European Parliament places ESG rating providers under direct supervision by the European Securities and Markets Authority, Esma, a move that provides investors with more transparency.

This week’s Luxembourg overview of transfers, appointments, promotions and other people news includes updates from Vistra, the Luxembourg Capital Markets Association, Intesa Sanpaolo Servitia and Kaufhold & Reveillaud.

Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A.

The 17 November 2023 fine of 444,400 euros was imposed for non-compliance with professional obligations under Luxembourg’s financial sector law relating to governance and IT organisation. 

A proposal to enhance European defence collaboration by raising €100 billion through the issuance of Eurobonds in financial markets is gaining momentum among EU finance ministers.

Vincent Van Peteghem (photo), the Finance Minister of Belgium, presently holding the presidency of the European Council, voiced his support for the concept of ‘common defence bonds’ on Wednesday.

More than half of family offices want to add even more private investments to portfolios by 2024. The most popular category is private credit. Cash, public equities and high-yield lose out.

This week’s overview of transfers, appointments, promotions and other people news includes updates from MFS, Candriam, TMF and Eiopa.

Nicolas Mackel, currently serving as the ceo of Luxembourg for Finance, is preparing to assume a new role as Luxembourg’s permanent representative to the European Union in Brussels. 

According to Luxemburger Wort and RTL, Mackel’s transition from the financial sector to a diplomatic post is expected to occur in September, marking his return to the international diplomatic arena.

Luxembourg investment firms will have to provide annual self-certifications on key aspects of central administration, internal governance and risk management, according to a new rule introduced by financial supervisor CSSF.

The Securities and Exchange Commission’s (SEC) recent move to mandate increased disclosure of fees and other costs by private equity funds has sparked a legal battle with the PE industry. Lawyers representing both the SEC and the PE industry engaged in a heated argument in a US federal court in New Orleans.