Finance minister Backes: visit to Sweden ‘very productive’
Accompanying Luxembourg’s finance minister Yuriko Backes on her official visit to Stockholm, Luxembourg’s financial community this week sought to strengthen its financial ties with Sweden, considered a “natural partner” for the Grand Duchy. Backes also discussed plans to support the reconstruction of Ukraine with her Swedish counterpart.
Travelling back to Luxembourg, Backes said on Twitter that her visit had been “very productive.” Backes was accompanied by a Luxembourg for Finance delegation and several representatives of Luxembourg’s financial services sector.
Koeken joins Oddo BHF's Benelux sales from Carmignac
Oddo BHF Asset Management said it has strengthened its presence in Benelux with the recruitment of André Koeken as sales manager. He is now in charge of developing the clientele of independent financial advisors and insurance companies in the Benelux. He reports to Dominic Nys, sales manager for Benelux.
Family offices, HNWIs are hungry for private equity
Private markets are no longer the exclusive preserve of large institutional investors. A round of questions to Dutch asset managers point to an influx of families and high-net-worth individuals - or HNWIs - as private equity becomes more widely available as an asset class. Their increased appetite for alternative investments is also noted in Luxembourg.
DNCA hires Switten, Dubuisson from Carmignac
DNCA Finance, a Paris-based boutique investment firm that is part of Natixis group, said on Friday it has hired Jo Switten and Nicolas Dubuisson, who both until recently worked for Carmignac, to strengthen its sales team for the Belgian and Luxembourg markets.
Investors have lost their way, Barron's poll shows
The extent of investor confusion about the outlook for financial markets is clear from the latest Big Money poll by US investment platform Barron’s: a quarter of participants are bullish, a quarter are bearish and half do not know.
Blackrock’s Burch to replace Dierick at ING Luxembourg
Michael Burch has been appointed as CEO of ING in Luxembourg from 1 July 2022. He will succeed Colette Dierick, who has decided to leave ING after 35 years.
Alain Kinsch appointed as new Chairman of LuxSE
Shareholders of the Luxembourg Stock Exchange on Wednesday appointed Alain Kinch as chairman of is board of directors. Kinsch succeed Frank Wagener, who served as LuxSE’s chair since 2011 and who is retiring.
Kinsch serves on the board of several national and international companies as an independent director and is vice-president of the Luxembourg State Council. He is known for his earlier work at EY, where he was the country managing partner of EY Luxembourg from 2009 to 2020.
HSBC’s Chris Allen named Group CEO at Quintet
Luxembourg-based Quintet Private Bank on Thursday said that it has named Chris Allen as Group CEO. Allen, who spent the past 15 years moving up the ranks at HSBC, brings over three decades of financial services experience to the role and will take up the position on 1 July. His appointment is subject to regulatory approval.
As investors push, CEOs struggle with sustainability
An increasing number of chief executives recognises that sustainability is one of the main challenges they face over the coming years, a new survey among 3,000 CEOs said.
European fund assets decline to 14.5 trillion euro in Q1
Total assets under management in the European fund industry fell to 14.5 trillion euro at the end of the first quarter from 15.3 trillion at the end of last year, according to the latest European Fund Markets Report by Refinitiv Lipper.
The negative performance of the underlying markets contributed negative 696.4 billion euro to the decline over the quarter, while estimated net flows summed up to negative 88.6 billion euro by the end of March.