Transfer Thursday: Alfi, Marsh McLennan, EY, Amundi
This week’s overview of transfers, appointments, promotions and other career news in the fund and asset management community in and around Luxembourg includes updates from Alfi, Marsh McLennan, EY Luxembourg and Amundi.
Breaking into the trillion-dollar club: Europe’s asset management challenge
European asset managers must pursue economies of scale to stay competitive with their US counterparts, argues Vincent Juvyns, a market strategist at JP Morgan Asset Management. Fragmentation across Europe’s capital markets is also a key issue that hinders competitiveness, he says.
The French have made the ‘banking dream’ come true with BNP-AXA deal
French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca Andrea Filtri. “The once-forbidden dream is now reality, opening new horizons for mergers and acquisitions,” he said.
Choosing Luxembourg over commuting
Gregory Kennedy reflects on cross-border commuting in Luxembourg, where once attractive border towns now face eroding quality of life.
Consider This: ECB leads the rate-cutting charge
Following the ECB's latest rate cut, Kim Catechis, David Zahn and William Vaughan weigh in on the potential for further dovish shifts if the eurozone economic slowdown persists.
Cyclical stocks and small caps US benefit most from a Fed cut
The stock market is going through turbulent times, especially within the large technology stocks segment. Nevertheless, a soft landing seems to be in the offing. Investors are already anticipating a possible rebound, especially among US cyclical stocks and smallcaps.
Fed eases Basel III capital requirements after bank lobbying efforts
The Federal Reserve has announced plans to substantially ease the capital requirements for large US banks, marking a significant shift in the implementation of Basel III standards. This pivot reflects the struggle regulators face in balancing the need for financial stability with the competitiveness of banks.
JP Morgan, State Street dominate Luxembourg fund industry
JP Morgan and State Street have reinforced their dominance in Luxembourg’s fund industry, according to the latest Monterey Insights Luxembourg Fund Report 2024.
Euroclear expands private market reach with Blackrock deal
Euroclear, the Brussels-based securities custodian and settlement giant, has taken a significant step forward in the private markets space by securing a partnership with BlackRock, the world’s largest asset manager.
Allianz CIO sees a ‘unique opportunity’ for deal with China
In a world where AI dominates and geopolitics shift rapidly, Allianz’s CIO Virginie Maisonneuve embraces ‘Digital Darwinism’, steering investment strategies through innovation, China’s rise, and Europe’s struggle to regain its competitive edge.