UBS AM: Onshoring on a large scale not feasible
The corona crisis has accelerated several megatrends, yet it is unrealistic to think European production can be fully onshored, says Sean Rymell Real Estate & Private Markets Strategist at UBS Asset Management.
Coronavirus: blessing in disguise for Lux financial industry?
Could the coronavirus crisis prove to be a blessing in disguise for the financial industry in Luxembourg? It seems to have accelerated the adoption of new technologies in a sector that is traditionally somewhat resistant to innovation, and offers fresh opportunities to cut costs.
McKinsey: private bank profitability declines again
Private banks in Europe saw their profits decline in 2019, for the second year in a row, according to a study by McKinsey. Profitability is under pressure due to a combination of rising costs and lack of client growth.
According to the management consultancy, the study shows that private banks in Europe are confronted with structurally weak profit dynamics, growing dissatisfaction among clients and significant operational problems due to working from home.
Allen & Overy head optimistic on post-Brexit market access
Recent moves by the UK and Luxembourg authorities regarding investment funds should allow business to continue mostly as normal despite Brexit, says Patrick Mischo, newly appointed Senior Partner of the law firm Allen & Overy in Luxembourg.
CIBC moves European hub to Luxembourg
The Canadian Imperial Bank of Commerce (CIBC) has moved its European headquarters from London to Luxembourg following Brexit.
La Financière de L’Echiquier : « La qualité est encore plus importante que la croissance »
La qualité, et pas la croissance, est le vrai facteur de différentation dans les marchés, déclare Adrien Bommelaer, gestionnaire de portefeuille chez le boutique asset manager français, La Financière de L’Echiquier (LFDE), dans un podcast.
UBS AM: Could COVID-19 accelerate action against climate change?
The pandemic has seen an impulse to “rebuild” society and economies in a new way, with climate change at the center. But how will investing in companies that are best-placed to succeed in a low-carbon economy benefit investors?
‘Private equity must demonstrate commitment to real economy’
On 1 September 2020, Rajaa Mekouar will leave her CEO functions at LPEA, the Luxembourg Private Equity and Venture Capital Association, to fully focus on her PE/VC Head and Portfolio Manager functions. She will be succeeded by Stephane Pesch, who has served as the LPEA’s Director of Strategy since October 2019.
‘Net corporate debt to rise by $1 trillion in 2020’
Net corporate borrowing around the world will increase by $1 trillion in 2020 as the coronavirus pandemic is further increasing companies’ need for debt financing, according to research by Janus Henderson Investors.
Global corporate debt had already surged to a record $8.3 trillion in 2019 before start of the pandemic, an increase of 8.1% year-on-year. Company resources were depleted by debt-financed acquisitions, large share buybacks, record dividends, and the chilling effect on profits caused by trade tensions and a global economic slowdown.
Allfunds: Europe's biggest B2B fund platform in the making?
Fund distribution platform Allfunds recently launched a separate B2B platform for mandate solutions in Luxembourg. The new service aims to become the leading B2B sub-advisory platform in Europe and bring fiduciary knowledge to the wholesale sector.