Asset Servicing

Europe’s equity market is increasingly viewed as a neglected corner of global investing—overshadowed, overlooked, and unloved.

This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Goodwin, DWS, Abrdn, Neuberger Berman, Taskize, and others.

Efama chief Tanguy van de Werve highlights the urgent need for tax harmonisation to overcome fragmentation and create a competitive, unified European market.

Esma has proposed 11 October 2027 as the date for the European Union to adopt a T+1 securities settlement cycle, cutting the time between trade execution and settlement from two days to one.

Two months after Mario Draghi urged the creation of a unified European capital market, stock exchange operator Euronext has announced future plans that will likely be music to the former ECB chief’s ears.

This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Quintet Luxembourg, Candriam and Zedra Group.

The outperformance of private equity should be nuanced, says investment expert Jan Longeval. “But it offers an important advantage that is rarely highlighted.”

The Dutch regulator the Authority for the Financial Markets (AFM) has investigated managers who make use of an exception to the licensing obligation in the Dutch Financial Supervision Act (Wft) and only fall within the ambit of a registration obligation. These are the “small” managers (the “light managers”).

The Republicans won the popular vote, regained control of the Senate, and are nearing a majority in the House of Representatives. This is bad news for Fed Chairman Jerome Powell, with whom Donald Trump has a score to settle.

The election of Donald Trump as President of the United States brings a range of uncertainties. Only once more clarity emerges about the course that will be taken on key issues will the full impact of this election result on the U.S. economy, international trade, and geopolitical tensions become clear. However, this did not prevent investors in U.S. small-cap stocks from taking a speculative advance on favourable scenarios for them.