ING ejects Luxembourg retail clients in private banking push
ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services.
RBC BlueBay - China: false start or turning point?
Will China’s improvement in sentiment be short-lived or here for the long term?
WTW already secured €500 mln for new Luxembourg Raif
British-American multinational insurance services provider Willis Towers Watson (WTW) is preparing to launch its first Luxembourg-based private equity fund in the coming months. The firm has already has secured over 500 million euro in commitments. The move follows WTW’s recent announcement of a UK private equity fund.
Seeing northern lights? Almost as rare as an ECB interest rate shift
Imagine standing in the Dutch polder, gazing at a sky illuminated by the ethereal northern lights. It’s a rare event, almost as rare as the European Central Bank (ECB) adjusting interest rates before the U.S. Federal Reserve (Fed). Yet, this unusual monetary phenomenon is set to occur when the ECB convenes in June to discuss interest rates.
Editorial Policy of Investment Officer
Editorial Policy of Investment Officer
The primary goal of Investment Officer is to provide investment professionals with high-quality, timely and relevant content on events and developments related to their profession, and to provide context and analysis. Investment Officer aims to be a leading source of insights, journalistic analyses, and news for professionals working in this sector.
Private bank Hauck Aufhäuser goes Dutch in €672 mln deal
Dutch bank ABN Amro on Tuesday said it agreed to pay 672 million euro for German private bank Hauck Aufhäuser Lampe, also known as HAL, from debt-laden Chinese investment company Fosun International. HAL’s asset services activities in Luxembourg and Ireland are excluded from the transaction.
Defining ‘value for money’ bewilders asset managers
Asset managers are expressing concerns over the European Commission’s lack of a clear definition for “value for money,” arguing its subjective nature complicates the assessment of investment service costs amidst new regulatory pressures.
Making the most of private markets
In an unstable investment environment with wars and crises looming worldwide, contradictory inflation data as well as insecurity regarding interest rate development, alternative investments have evolved into a diversifying and stabilising element of institutional portfolios – and will continue to do so.
Tough ride ahead for Euro funds under new US T+1 settlement rule
From Tuesday, US trades of stocks, bonds and ETFs will need to be settled within a single day, not two, presenting significant challenges to European funds dealing in US securities.
Luxembourg’s ManCos employ record 7,700 people, up 11%
Luxembourg’s Management Companies, the firms that handle a substantial portion of investments serviced in the Grand Duchy, employed a record 7,700 people at the end of last year, up 11 percent from the previous year. This figure is reported in PwC’s 2024 Barometer for the ManCo sector.