'Luxembourg set for mass adoption of tokenisation'
With its DLT white paper released in January, supervisor CSSF has triggered a broad industry debate on the use blockchain technology to adopt virtual assets, and about public versus private blockchains. The discussion is seen as positive, and, according to one industry expert, could pave the way “for mass adoption of asset tokenisation”.
Goldman seeks deeper, wider growth by acquiring NN IP
With its 1.7 billion euro acquisition of Dutch asset manager NN Investment Partners completed as of today, US investment powerhouse Goldman Sachs Asset Management takes a major strategic step towards further growth. NN IP’s full management board will continue to lead, expand its services, and will become a center of excellence for sustainability in public markets investing.
Podcast: Luxembourg finance continues to reinvent itself
In this second podcast from Alfi’s 2022 European Asset Management conference we enlighten you with valuable insights on what’s happening in Luxembourg’s asset management ecosystem. You will hear about Luxembourg’s new securitisation law, about collateralised loan obligations, about plans for the European Long-Term Investment Fund, known as ELTIF, as a new type of collective investment framework.
Corporate banking revenue up 60% since 2016, survey shows
Revenue from corporate banking activities in Luxembourg has risen nearly 60 percent since 2016 to approximately 3 billion euro, according to a new study conducted by consultancy firm PWC. The consultants also found a need for the government and regulators to join the banking sector on its innovation journey in order to address regulation challenges.
PGIM Investments: The Electric Vehicle Opportunity
Owuraka Koney of Jennison Associates, PGIM’s fundamental growth equity manager, explains how EV companies have transformed the relationship between automaker and consumer.
Morgan Stanley IM: Emerging Markets Leaders Update – with Vishal Gupta
Vishal Gupta, Emerging Markets Leaders Portfolio Manager, discusses the domestic growth opportunities in China and localization ideas in India.
Zeidler gets CSSF permission as UK Mifid firm
Frankfurt-based funds law firm Zeidler Group said it has received approval from Luxembourg’s financial regulator to serve professional clients and to support fund marketing as a UK Mifid firm under the third country regime in the Grand Duchy.
In a statement, Zeidler said it was “delighted” to announce its successful registration as a UK MiFID firm under the third country regime in Luxembourg for marketing to professional clients. The CSSF gave its official green light earlier this year.
Top 5 global equity funds: Gavekal Global leads
In the turbulent first quarter of 2022, inflation and the pandemic gave way to the Russian invasion of Ukraine, and resurfaced. Yet deep losses were recouped, and some investors even posted double-digit gains. This week in the Morningstar top five: mutual funds in the global large-cap equity category mixed.
Ireland set to compete with new SCSp partnership regime
Nearly nine years after the introduction of a Luxembourg fund vehicle known as the SCSp, allowing the alternative investment fund industry to register special limited partnerships, competing financial centre Ireland has finally introduced its own version, enabling it to finally provide direct competition with the Grand Duchy in this area.
In Flux: Home of the Super ManCos
Those who see what’s happening in today’s post-Brexit financial world will undoubtedly recognise that Luxembourg is serious about its role as Europe’s back office.
Luxembourg’s fund industry continues to transform and reinvent itself. Wedged in between Germany, France and Belgium, the country has clearly carved out a position in Europe’s financial services market as a platform where the multijurisdictional and multilingual expertise of its businesses, and the thousands of internationals who work here, can flourish.