Banques privées

“This partnership offers us a new arsenal of investment options. We also gain access to BlackRock’s technology and data. Our partner’s scale allows us to lower costs for our clients,” says Ludivine Pilate, CEO of Belgian private bank Puilaetco in an interview with Investment Officer.

Quintet Private Bank, dont le siège social se trouve au Luxembourg et opérant à travers l’Europe, a annoncé jeudi avoir signé un protocole d’accord avec BlackRock, le plus grand gestionnaire d’actifs au monde. L’accord étendra les capacités d’investissement de Quintet, renforçant significativement sa capacité à répondre aux besoins à long terme de ses clients tout en conservant le contrôle total de toutes ses décisions d’investissement.

The association representing Luxembourg’s banking industry has claimed success in its lobbying effort to persuade the EU to amend the rules governing the prudential requirements and the supervision of third-country branches to its satisfaction. The association said Thursday that a series of subsequent amendments preserve the attractiveness of the EU as a financial centre towards the rest of the world.

The road to hell is paved with good intentions. This applies also for well-intended regulations on environmental, social and governance. Because of the growth of ESG-focused investments in recent years, a new problem pops up: the risk of greenwashing. 

Toutes les deux semaines, Investment Officer s’entretient avec un éminent professionnel du monde financier à propos de sa carrière, de sa vie et de ses passions. Cette fois-ci, c’est Rudi Deruytter, CEO de la banque CKV, qui regarde dans Le Miroir.

La Banque Nagelmackers est neutre sur les actions mais met l’accent sur certains secteurs et régions spécifiques. Cependant, l’inflation sous-jacente diminue plus lentement que prévu. 

Crédit Agricole, ABN Amro et «une ou deux banques privées suisses» ont été désignés comme finalistes du processus d’enchères pour l’acquisition du groupe belge de gestion de patrimoine et de banque d’investissement Degroof Petercam, a rapporté Les Echos vendredi, citant plusieurs sources.

Swiss private bank Pictet has decided to move its European headquarters to Frankfurt, relocating the function from Luxembourg. The grand duchy has served as the main European hub of the Geneva-based private bank for about three decades.

The  bank said that its former Pictet & Cie (Europe) S.A. “transferred its registered office from Luxembourg” to Frankfurt per 26 May “by way of a cross border conversion from a Luxembourg Societé Anonyme into a German Aktiengesellschaft.”

Given the increasing complexity of financial markets, private banking clients in Luxembourg, especially younger and wealthier groups, are more willing to seek out financial advice than clients elsewhere in Europe, according to the Luxembourg edition of EY’s Global Wealth Report being released today.

Belgium’s largest independent private bank, Degroof Petercam, is considering a major reshuffle of its ownership structure that could potentially lead to a new majority shareholder. Some of the existing owners, mainly Belgian noble families but also undefined «financial partners», have indicated they want to sell their shares.

A deal could be worth more than one billion euro. Belgian state-controlled financial group Belfius, Credit Agricole, ING Groep and Royal Bank of Canada are reported as being possible bidders.