Truncus leads in Belgian multi-family office rankings
“We are a recognizable and accessible face for our clients. We are not product pushers but focus on concrete goals,” said Stefaan Vanden Berghe, CEO of Truncus.
For several years, Truncus has been featured on Chambers & Partners’ list of top wealth managers, a prestigious ranking annually compiled based on the opinions of lawyers and tax consultants. Truncus is the only Belgian firm in this category.
Brussels mulls overhaul of SFDR classifications
The European Commission is considering a revamp of the way sustainable investment products are classified and is about to launch a three-month consultation soon. The current system, governed by the Sustainable Finance Disclosure Regulation (SFDR), categorizes these products under Article 8 and Article 9, but this could be subject to change.
Gender parity in fund management hits a wall
In a significant blow to the push for gender equality within the asset management sector, Citywire’s Alpha Female Report for 2023 shows almost no progress in the representation of female fund managers over the past year.
Arendt’s Pierre Wauthier returns to PwC Luxembourg
PwC Luxembourg is enhancing its real estate capabilities with the addition of new partner Pierre Wauthier, a veteran with over two decades of experience in Luxembourg’s real estate and deal markets. Wauthier joins the firm after three years at law firm Arendt & Medernach, which had joined in 2020 after nine years at PwC.
Swiss financial supervisor chief quits amid bank turmoil
Urban Angehrn, CEO of the Swiss Financial Market Supervisory Authority (Finma), is stepping down at the end of September, citing health issues linked to job-related stress. Deputy Director Birgit Rutishauser will become the interim director starting Oct. 1, according to a statement from the agency.
Efama slams EU cyber standards as disproportional
European fund and asset management association Efama has raised significant concerns over the proposed regulatory technical standards and implementing technical standards for the Digital Operational Resilience Act, the cybersecurity plan known as Dora, criticising the measures as excessively broad and disproportionate. Efama, whose Luxembourg member is Alfi, the Association of the Luxembourg Fund Industry, argues that a “one size fits all” approach will be inordinately burdensome, particularly for asset management companies.
Apex eyes growth in South Korean asset management
Global financial services provider Apex Group on Monday announced the initiation of its business operations in South Korea. The move aims to offer extensive solutions to global asset management clients and solidifies the firm’s presence in the Asia-Pacific region.
Transfers: Jeroen Bos named global equity head at AXA IM
This week’s overview of transfers in the fund and asset management sector includes appointments at Axa Investment Managers, Allianz Global Investors, Alter Domus and Linklaters.
Capita’s Chantal Free appointed as CEO at Ocorian
Chantal Free has been appointed at the new chief executive officer at Ocorian, a global asset services provider that also is present in Luxembourg.
Free joins Ocorian from Capita where she was CEO of their portfolio division, leading a portfolio of businesses across a range of sectors including insurance, legal, consulting and technology. Previously she spent 23 years at Willis Towers Watson, a global risk and people consulting and brokerage firm, where she held several senior roles in Asia and Europe.
Bruno Valersteinas replaces Corpas as OneLife CEO
Bruno Valersteinas has been formally appointed as Chief Executive Officer at OneLife per 1 August, replacing Antonio Corpas who passed away due to an accident in January.
OneLife said that Valersteinas’ appointment has been approved by the Commissariat aux Assurances, the supervisor for Luxembourg’s insurance sector. He formally takes on the role as CEO and dirigeant agréé, or authorised manager.