Transfer Thursday: Caia, DLA, CMS, PwC, EY, Esma, Fundcraft
This week’s overview of transfers, appointments, promotions and other career news includes updates from PwC Luxembourg, EY Luxembourg, the European Securities and Markets Authority (ESMA), the European Stability Mechanism. DLA Piper, CMS. Fundcraft and CAIA Luxembourg
‘Tensions in bank sector increase likelihood of recession’
Tensions in the banking sector increase the likelihood of a recession during the year, according to chief investment officer Guy Wagner at asset manager BLI - Banque de Luxembourg Investments.
Nevertheless, prior to the onset of the banking turmoil, the resilience of the global economy was still in evidence, with service activities continuing to benefit from robust household demand due to continued full employment in most countries, Wagner and his team said in their latest monthly market report.
BLI’s Wagner sees rates go up amid firm consumption
The Federal Reserve and the European Central Bank will continue to hike their interest rates this month among broad and persistent signs of strong consumption and the “resilient nature” of economic activity, Guy Wagner, chief investment officer at BLI - Banque de Luxembourg Investments, said.
BLI’s Wagner expects deeper global slowdown in 2023
Although the global economy finds itself in a slowdown phase, it continues to demonstrate resilience thanks to domestic consumption in the US and government relief measures to reduce energy bills in Europe, Guy Wagner, Chief Investment Officer at Luxembourg asset manager BLI - Banque de Luxembourg Investments, said in his latest investment report. Over the next year however, he expects the global slowdown to deepen.
CSSF imposed €4.3 mln in fines, biggest for BLI's parent
Luxembourg’s financial regulator CSSF imposed a total of 4.3 million euro in fines on financial services companies in the Grand Duchy last year, less than the 6 million euro in fines issued in 2020. Most fines were imposed under laws preventing money-laundering and terrorism finance, according to CSSF’s 2021 annual report.
BLI’s Wagner to focus as CIO as Nosetti named CEO
BLI - Banque de Luxembourg Investments on Thursday said that it has appointed Fanny Nosetti (photo) as chief executive officer. The appointment means that Guy Wagner now can “focus entirely” on his role as chief investment officer, managing the firm’s flagship, 1.8 billion euro BL Global Flexible Euro fund and continuing to refine the investment approach he has developed with his teams. Since 2005 Wagner served both as CEO and CIO.