Investment Officer Luxembourg

With no end to the war with Iran in sight, talk of a recession is resurfacing. Yet other indicators suggest that the bull market is far from over.

Geopolitical conflict and renewed inflationary concerns sapped the wind from high-yield sails.

European dependence on fossil fuels poses a risk to price stability. That is according to Frank Elderson, the Dutch member of the Executive Board of the European Central Bank (ECB). Energy shocks, which seem to occur with increasing frequency, are making it ever more difficult for the ECB to keep inflation at 2 percent per year.

Delen Private Bank is reorganizing tasks within the group in the areas of delegated portfolio management, fund administration, and custodial services. This is intended to improve efficiency and strengthen governance.

As geopolitical tensions rise and instability in the Middle East persists, small-cap equities have shown notable resilience. So-called “domestic champions”—companies with dominant positions in their domestic markets—are benefiting from deglobalisation and shorter supply chains, and appear less volatile than their reputation suggests.

Systematic investment strategies are benefiting from the growing “everyday” use of AI, particularly large language models such as ChatGPT. Partly for this reason, these strategies can now more easily find their way into the wealth segment, observed Adam Riley of Blackrock: “When people use the technology themselves, they better understand its power.”

This week’s update of people moves in Luxembourg and beyond.