Degroof Petercam takeover gets green light in Brussels
The European Commission has cleared the acquisition of Belgium’s largest private bank Degroof Petercam by CA Indosuez, a subsidiary of the Paris-based Crédit Agricole group.
The Commission said on Monday that it concluded that the proposed concentration does not raise competition concerns given the limited market positions of the companies involved.
Transfer Thursday: Ostrum, Better Finance, Invesco, CT
This week’s overview of transfers, appointments, promotions and other people news includes updates from Better Finance, Ostrum Asset Management, Invesco and Columbia Threadneedle.
Efama: 85% of European AuM is managed in six countries
About 85 percent of Europe’s asset management activity takes place in six countries: the United Kingdom, France, Switzerland, Germany, the Netherlands and Italy, data from Efama’s 2023 Asset Management Report shows.
Luxembourg among most-expensive fund domiciles
Luxembourg last year remained among the most expensive domiciles for investment funds in Europe in all three investment categories, according to a research report released on Monday by the European Securities and Markets Authority, Esma.
EU agrees to exclude financial sector from CSR duties
The European Council and the European Parliament on Thursday reached a preliminary agreement on a new European directive mandating corporate social responsibility for large companies, but that will, following lobby pressure, exclude the financial sector.
Catastrophe data hub to assess insurance exposures
Europe’s top supervisory body for the insurance sector on Thursday launched a new climate disaster data initiative that will help supervisors, the industry and policy makers better understand insurance exposures and losses from climate and nature related catastrophes.
It’s called the Catastrophe Data Hub. The European Insurance and Occupational Pensions Authority, known as Eiopa, said the hub is an open-source collection of catastrophe risk data at European level.
Transfer Thursday: DWS names CIOs for Europe, Apac
This week’s overview of transfers, appointments, promotions and other people news includes updates from DWS and Candriam.
Candriam creates new division for alternatives
Luxembourg-headquartered asset manager Candriam on Wednesday announced the launch of a new alternative investments platform as a response to growing demand for diverse alternative investment solutions in today’s market environment.
Markets set for reality check as central banks talk rates
As financial markets teeter on the precipice of expectation and reality, this week’s central bank decisions on interest rates and monetary policy could be the lynchpin that redefines investor sentiment for the coming months.
At the heart of this tumultuous period are the central banking trifecta - the US Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE) - whose final meetings of the year are eagerly awaited amidst robust employment data.
Bonds, ETFs offset outflows in equity, multi-asset
Ucits and Alternative Investment Funds (AIFs) experienced mixed fortunes during the third quarter, according to the latest statisstics reported by Brussels-based European fund sector trade association Efama. Net assets of these investment funds dipped to 19.7 trillion euro, down 0.6 percent from the second quarter, reflecting a cautious market sentiment.