Investment Officer Luxembourg

Once a rising star among investment options, private credit now faces headwinds as defaults increase and traditional banks re-enter the fray as competitors.

On 11 July 2023, the European Securities and Markets Authority (Esma) updated its guidance in relation to the definition of “advice”. This was rendered through a supervisory briefing which basically an update of the previous Q&As issued by CESR - Esma’s predecessor - on this topic.

In 1973, during Yom Kippur, Israel found itself under siege from countries including Syria, Egypt, Morocco, Iraq, Algeria, Kuwait, and Saudi Arabia. This conflict led to the first oil crisis, causing oil prices to triple in a short span, marking a significant shift in Western economic growth post-World War II.

This week’s overview of transfers, appointments and promotions includes updates from Universal Investment Group, Luxempart, Intreal Luxembourg and Apex Group.

An air of cautious optimism permeated through the halls of the Morningstar’s sustainable investing conference in Amsterdam on Wednesday, painting a subtle yet intricate picture of the obstacle-filled landscape of ESG investing. 

Even Ciaran Fitzpatrick, head of ETF servicing Europe at State Street, is surprised to see phenomenally strong growth in true active ETFs this year. The latest generation of ETF products, also dubbed ‘ETF 3.0’, is rapidly making its way into portfolios of both institutional and retail investors. The US is leading but Europe is not far behind.

Quintet Private Bank, based in Luxembourg, has forged a partnership with Berlin-based digital investment platform Moonfare. The alliance aims to bolster Quintet’s private-market offerings to select clients while extending Moonfare’s distribution reach.

A new study has ranked Luxembourg as the 4th best OECD country for a sustainable business startup. Switzerland, the United Kingdom and Sweden take the three podium places.

The study by Utility Bidder, a UK energy consultancy for businesses, shows that Luxembourg, with a score of 6.33 out of 10,  has a relatively high number of startups as measured against its population, takes the top spot in eco-friendly commuting and scores top place when measuring carbon emissions per capita.