Secteur

« La période la plus importante pour un family office est une période préalable de réflexion, de concertation au sein de la famille. Une fois la décision prise de fonder un family office, on voit qu’il y a un objectif commun », affirme Anneleen Michiels, professeur de finance et entreprises familiales à l’UHasselt.

The U.S. Securities and Exchange Commission (SEC) in 2023 continued to demand significant recoveries from financial institutions, although investment advisers were less frequently targeted. The year also witnessed the introduction of fines related to WhatsApp use and a record payout to whistleblowers.

The SEC secured five billion dollars across 784 actions, marking its second-highest recovery total, paralleling the record figures of the previous financial year.

While Wall Street is pulling out all the stops to curb ‘Basel III Endgame’, private lenders are in pole position for implementation of the banking rules. The price at which US big banks can borrow money will be skillfully undercut by private credit funds, but critics in the banking sector denounce the lack of effective supervision of the ‘non-bank’ lenders.  

This week’s overview of transfers, appointments, promotions and other people news includes updates from M&G, Oraxys, Kroll, Crestbridge and Julius Baer.

Kelly Hébert

Kelly Hébert (photo) has been appointed as head of France at M&G Investments, in parallel to her role as head of Belgium and Luxembourg. She replaces Brice Anger, who has decided to leave M&G after a 16-year career with the company.

Digital investment channels are no longer just the domain of the young or tech-savvy, but are increasingly being embraced by a broader demographic of retail investors. These insights come from a comprehensive survey commissioned by Amundi, Europe’s largest asset manager.

The European Commission expects to provide more clarity on the proposed supervisory standards for Eltifs, Europe’s new long-term investment funds, in the coming weeks, an EU official said on Tuesday.

In response to questions by Investment Officer, the official confirmed the Commission is currently considering the draft regulatory and technical standards under the updated regime for Eltif funds. The standards, known as ‘RTS’, were proposed a month ago by the European Securities and Markets Authority, Esma.

The trade association representing Europe’s fund and asset management sector has urged the executive body of the European Union to ensure that the correct technical standards are introduced. These standards are regarded as vital for the success of the new regime for European Long Term Investment Funds, known as Eltif 2.0.

Selon un rapport sur la compétitivité du secteur financier européen réalisé par l’OMFIF en collaboration avec Luxembourg For Finance, la part de marché mondiale du secteur financier européen a considérablement diminué au cours des 15 dernières années, en particulier dans le domaine de la gestion de patrimoine.

This week’s overview of transfers, appointments, promotions and other people news includes updates from Euroclear, Arrow Global, Partners Group and KPMG Luxembourg.

In the private equity (PE) market, a significant shift is occurring as Limited Partners (LPs) increasingly demand the release of funds from older investments before considering new commitments. This change comes amidst a backdrop of unprecedented levels of «dry powder» - uninvested capital within PE firms.