Transfer Thursday: Scope, EuroCTP, i-Hub, LOD
This week’s overview of transfers, appointments, promotions and other career news includes updates from Scope, EuroCTP, i-Hub and LOD.
Luxembourg eases creation of Eltifs from existing private funds
Creating European Long-Term Investment Funds (Eltifs) as sub-funds under existing alternative investment funds has become a bit easier in Luxembourg. Firms no longer need to fill out a separate CSSF approval form for a new sub-fund when adding an Eltif-class to an existing fund.
Interest boost helps Luxembourg banks navigate challenges
The 2024 Luxembourg Banking Insights study by KPMG Luxembourg has revealed a remarkable surge in net interest income, driven primarily by the European Central Bank’s interest rate hikes.
BPCE to acquire Belgian bank Nagelmackers
Nagelmackers, Belgium’s oldest bank, is set to be acquired by La Caisse d’Epargne Hauts de France, a regional bank under the umbrella of the French banking group BPCE.
Transfer Thursday: CSSF, Apex, Capital Group
This week’s overview of transfers, appointments, promotions and other career news includes updates from Luxembourg supervisor CSSF, Apex Group and Capital Group.
Transfer Thursday: Amundi, GGF, Partners, Citi, KPMG
This week’s overview of transfers, appointments, promotions and other career news includes updates from the Amundi Institute, Partners Group, the Green Growth Fund, Citibank, and KPMG Luxembourg.
Luxembourg tax authority to get special AML unit
Luxembourg has decided to establish a special anti-money laundering (AML) unit within its tax administration following parliamentary approval. The head of financial supervisor CSSF, meanwhile, expressed his concern over the use of ‘outdated systems’ at the AML teams of asset and wealth management firms.
EU faces significant investment crisis, report warns
A new report by Finance Watch, a Brussels-based public interest group, has highlighted an impending investment crisis in the European Union. A
Lack of reliable data seen as main obstacle to ESG
A lack of reliable Environmental, Social, and Governance (ESG) data is significantly hindering the implementation of the European Union’s sustainable finance regulations, according to a survey by the CFA Institute.
Transfer Thursday: Edmond de Rothschild, M&G, PwC
This week’s overview of transfers, appointments, promotions and other career news includes updates from Edmond de Rothschild, M&G Investments, Warburg Pincus, Currentis and PwC Luxembourg.