Transfer Thursday: Belfius, Fidelity
This week’s overview of transfers, appointments, promotions and other people news includes updates from Belfius, Fidelity International, BeLuThai, and the Luxembourg Press Council.
Sofie Geukens
Sofie Geukens (photo) will take on the role of head of alternative investments at Belgian bank Belfius from 1 April. She currently serves as the firm’s head of investment solutions and fund selection.
Bannier named EY’s wealth & asset management leader
Nicolas Bannier (photo) will succeed Christophe Wintgens as Wealth & Asset Management Leader at EY Luxembourg, effective 1 July 2024. Olivier Bertrand will take over from Dietmar Klos as Real Estate Leader, also commencing 1 July 2024.
M&G sees Eltif 2.0 opening up new era for private credit
The European Long-Term Investment Fund (Eltif) regulation, initially introduced in 2015, has been revamped to Eltif 2.0, entering into effect in January 2024. This revised regulation is poised to significantly influence the landscape of private credit investment in Europe, according to Michael George, lead portfolio manager of M&G’s Corporate Credit Opportunities Eltif Fund.
Market unmoved by Biden’s plans to tax wealth
US President Joe Biden has outlined his ambitions for comprehensive tax reforms targeting large corporations and private equity funds, with the market’s attention remaining steadfastly on interest rates.
President Biden’s ideal scenario would see businesses shouldering higher tax burdens, a reduction in executive compensation, and a quadrupling of the costs for shareholder buybacks.
Chinese diversification
Chinese stocks are the opposite of US Big Tech stocks in almost every way. They are cheap, but nevertheless unloved.
Those looking to invest in emerging markets can even choose a variant of emerging markets ex-China these days. Consequently, global equity portfolios hardly contain any Chinese stocks anymore. This means that just a little bit of good news can cause a sharp price recovery. The time has come to include more Chinese equities in portfolios.
RBC Bluebay, Impax take Morningstar Luxembourg awards
RBC Bluebay has been named the top asset manager in Luxembourg, clinching the prestigious 2024 Morningstar Award for Investing Excellence.
Industry looks to explain lack of diversity in asset management
An industry group backed by leading asset managers in Europe wants to shed light on the significant lack of diversity within the European asset management industry. The research project has been initiated by the Diversity Project Europe, an initiative of eight leading asset managers established last year, and is supported by PwC Switzerland.
Mounting challenges overshadow revival in the fund sector
Investment funds witnessed a marginal recovery in 2023, following the tumultuous year of 2022. This revival, however, was achieved amidst mounting challenges, it became clear at the 2024 Trends Investment Summit in Brussels on Wednesday.
Eurozone seeks to resuscitate EU’s stunted capital markets project
Eurozone finance ministers have put forth a five-year blueprint to forge a robust Capital Markets Union (CMU) in what they see as an “ambitious” move to enhance private capital flow into Europe and underpin Europe’s costly shift to a sustainable and digital economy.
Transfer Thursday: Waystone, Apex, Blackstone
This week’s overview of transfers, appointments, promotions and other people news includes updates from Waystone, Apex and Blackstone.
Alexandra Serban-Liebsch
Alexandra Serban-Liebsch (photo) has been appointed as the new head of business operations for Waystone Continental Europe, based in Luxembourg.