Investment Officer Luxembourg

Global wealth linked to art and collectibles is projected to grow by nearly a third to 2.861 billion dollars by 2026 from the level of 2.174 billion in 2022, according to the Deloitte Luxembourg Art & Finance Report 2023.

This week’s overview of transfers, appointments and promotions includes updates from Vistra, BNP Paribas, The Directors Office, Stonehage Fleming, DWS, Empira and XS.com.

Eliana de Abreu has put forward as managing director of Crédit Mutuel Asset Management, the firm’s parent company Crédit Mutuel Alliance Fédérale has announced. Once the board has approved her appointment, De Abreu will be responsible for fund management and developing the range of investment solutions, based on an extra-financial expertise, consistent with the ambitions of a sustainable asset manager.

Although discussions about environmental and social governance, or ESG, and sustainable investing may have encountered a lull during recent weeks, investors and asset owners worldwide still consider this topic as hugely significant in their discussions with asset managers, according to one of Europe’s top chief investment officers.

On September 23rd, residents of the Gare district protested against the escalating levels of insecurity in their neighbourhood. While residents bear the brunt, asset managers, their clients, and employees are also affected by the increasing anti-social behaviour in the area.

China, once a beacon for investors, is facing unprecedented challenges, leaving institutional portfolio managers worldwide questioning its investability. ‘A valid concern, but the question whether or not China is still investable is too complex for a simple yes or no.’

That’s according to Arthur Kroeber, founder of Gavekal Dragonomics, an independent research firm specializing in the economics, politics, and social issues of China. 

Luxembourg lawyer Gilles Roth has been waiting patiently to take up the position of finance minister since his party was pushed out of office in 2013.