Investment Officer

Charlie Munger, Warren Buffett’s esteemed colleague at Berkshire Hathaway, passed away on Tuesday at 99, marking a significant moment in the history of corporate America and the investment world.

Berkshire Hathaway announced Munger’s peaceful passing at a California hospital. He was close to his centennial, residing in Los Angeles. Buffett, 93, credited Munger with a pivotal role in shaping Berkshire Hathaway, highlighting his involvement as fundamental to the company’s growth.

Serge Weyland, CEO at Edmond de Rothschild Asset Management in Luxembourg, is set to replace Camille Thommes as the director general of the Association of the Luxembourg Fund Industry (Alfi), effective 1 January 2024.

The Luxembourg private debt fund market, with its assets under management soaring to 404.4 billion euros, marks a stunning 51 percent growth year-over-year, showcasing its robust position in the European financial landscape, according to the latest edition of the annual private debt survey by KPMG and industry association Alfi.

Timing the market with your fund investments can be costly, especially if you are a cross-border investor using Luxembourg-domiciled mutual funds.

DWS, one of Europe’s biggest asset management firms, has announced the launch of a new series of Xtrackers Exchange Traded Funds (ETFs), offering investors a novel way to invest in euro-denominated corporate bonds. This innovative range is designed to provide both regular quarterly distributions and a payout of remaining fund assets upon maturity.

Luxembourg’s financial supervisor CSSF on Wednesday announced 1 April as the deadline for its 2023 annual financial crime survey, an effort in which it collects data concerning money laundering and terrorism financing. Data collection will begin on 19 February, it said.

This week’s overview of transfers, appointments and promotions includes updates from Vistra, BNP Paribas, The Directors Office, Stonehage Fleming, DWS, Empira and XS.com.

Eliana de Abreu has put forward as managing director of Crédit Mutuel Asset Management, the firm’s parent company Crédit Mutuel Alliance Fédérale has announced. Once the board has approved her appointment, De Abreu will be responsible for fund management and developing the range of investment solutions, based on an extra-financial expertise, consistent with the ambitions of a sustainable asset manager.

Investment Officer is organising an event on 30 November at the H’ART Museum in Amsterdam to look ahead to 2024. The event will cover topics such as economic growth, inflation, and the role of artificial intelligence in the financial sector.

This week’s overview of transfers, appointments and promotions includes updates from Advanzia Bank, Arcida, La Francaise, Scope and Alp Financial.