Investment Officer Luxembourg

With many aspects, a distant perspective can be quite enlightening. This certainly applies to monetary policy, in my view. The more I distance myself, the more evident it becomes that for some central banks, debt management, rather than inflation – as officially proclaimed – is their primary objective. Japan is a prime example.

Europe’s biggest asset manager Amundi calls on its peers in financial sector to better serve clients by stepping up efforts to bring greater clarity on the use of standards and regulations that govern responsible and sustainable investing. 

The world’s ESG and sustainable funds paid back nearly 2.5 billion dollars to investors in the last quarter of 2023, according to calculations by Morningstar.

Christine Lynch has been appointed as Group Chief Risk Officer at Luxembourg-headquartered Quintet Private Bank. She joins from HSBC, where she served for over 25 years, most recently as chief risk officer wholesale and as head of enterprise risk.

Lynch will also be a member of Quintet’s Authorized Management Committee, subject to regulatory approval. She succeeds Philip Tremble, who retired last year following more than four decades in banking.

A thriving fund industry rests on the foundation of a robust regulatory framework, assuring investors that their assets will be safeguarded against misappropriation. Nevertheless, the pursuit of greater protection often accompanies higher fees, prompting investors to scrutinise regulatory requirements for tangible and effective outcomes.

This week’s overview of transfers, appointments, promotions and other people news includes updates from M&G, Oraxys, Kroll, Crestbridge and Julius Baer.

Kelly Hébert

Kelly Hébert (photo) has been appointed as head of France at M&G Investments, in parallel to her role as head of Belgium and Luxembourg. She replaces Brice Anger, who has decided to leave M&G after a 16-year career with the company.

A data analysis by Investment Officer makes clear that alternative investment fund managers in Luxembourg increasingly prioritise launching new sub-funds or compartments under established Reserved Alternative Investment Funds, known as Raifs, instead of launching new primary structures.

Edinburgh-based asset manager Abrdn on Wednesday said it plans to slash 500 jobs this year, or about 10% of its workforce, in a push to bring down costs and restore profitability as the industry continues to be plagued by a growing uptake of low-cost competitors and a broad switch among clients to passive investment strategies.