Investment Officer

Rosheen Dries has joined EY Luxembourg as the firm’s new wealth and asset management tax leader. She brings more than 25 years of reporting and tax experience in Ucits and alternative finance. 

Wealth management platform FNZ and Clearstream, Deutsche Börse Group’s post-trade services provider, said that they have agreed a strategic partnership that will help asset managers get a better view of information required for the distribution of investment information.

Apex Group, a global asset services specialist present in Luxembourg also with its FundRock and LRI Invest subsidiaries, on Tuesday said it has acquired a majority stake in FTS, a US-based tax services firm serving clients in the alternative investment and family office sectors, for an undisclosed amount.  

In this second podcast from Alfi’s 2022 European Asset Management conference we enlighten you with valuable insights on what’s happening in Luxembourg’s asset management ecosystem. You will hear about Luxembourg’s new securitisation law, about collateralised loan obligations, about plans for the European Long-Term Investment Fund, known as ELTIF, as a new type of collective investment framework. 

Frankfurt-based funds law firm Zeidler Group said it has received approval from Luxembourg’s financial regulator to serve professional clients and to support fund marketing as a UK Mifid firm under the third country regime in the Grand Duchy.

In a statement, Zeidler said it was “delighted” to announce its successful registration as a UK MiFID firm under the third country regime in Luxembourg for marketing to professional clients. The CSSF gave its official green light earlier this year.

“It is not five minutes to twelve, but one minute to twelve,” said Detlef van Vuuren, one of the Dutch scientists who collaborated on the latest report by the UN climate agency, the IPCC. 

According to the report, presented on Monday, countries have to invest three to six times more than currently agreed in measures to reduce greenhouse gases. If that does not happen, the climate goals will be far out of reach. That is this week’s alarming message from the United Nations. 

Invesco, an asset management firm with a Luxembourg presence in Kirchberg, Invesco Management S.A., said it has expanded its Benelux operation with the hire of a new ETF sales manager.

Jolien Brouwer has joined the Invesco Benelux team as ETF sales manager, based in the Amsterdam office. Previously Brouwer was responsible for the ETF sales at VanEck. She will report to Roel Thijssen, Head of Benelux Distribution.

When it comes to the prospect of a recession, and a possible prolonged period of stagflation, the jury is still out, even in Europe. Although in agreement on a deteriorating economic outlook, major asset managers such as BLI, Pictet and JP Morgan hold diverging views on what’s next. For investors, corporate earnings are now seen as the next waypoint.

Financial sanctions against Russia and the exposure of investment funds to Russian assets were widely discussed at the 2022 European Asset Management Conference in Luxembourg, hosted by the Association of the Luxembourg Fund Industry, or Alfi, on 22-23 March.

The first quarter of 2022 was one of the toughest in decades for investors with a neutrally balanced portfolio, writes Bloomberg on the basis of its own data. The S&P 500 fell by 4.9 percent, US treasuries lost 5.6 percent and investment grade even fell by 7.8 percent.