Secteur

Pour les private bankers d’ING, la priorité n’est pas l’aspect financier : les meilleurs talents sont principalement attirés par les opportunités de développement, les projets complexes et la possibilité de travailler pour de gros clients.

Nicolas Mackel, currently serving as the ceo of Luxembourg for Finance, is preparing to assume a new role as Luxembourg’s permanent representative to the European Union in Brussels. 

According to Luxemburger Wort and RTL, Mackel’s transition from the financial sector to a diplomatic post is expected to occur in September, marking his return to the international diplomatic arena.

Tokenisation is the next step for the asset management industry. So says not only Larry Fink, Blackrock’s CEO, but also Jeroen van Oerle, manager of Lombard Odier’s fintech strategy. He sees the potential impact mainly in private markets.

Switzerland is preparing to step up competition with Luxembourg as a fund domicile for alternative investment funds. The industry, however, is not convinced that the Swiss alternative can fully match the international success of Luxembourg Raifs.

From next month, the Swiss will allow management companies to create a new type of fund known as L-QIF that will compete with the successful regime for Reserved Alternative Investment Funds, or Raifs, first made possible in the Grand Duchy in 2016.

The Securities and Exchange Commission’s (SEC) recent move to mandate increased disclosure of fees and other costs by private equity funds has sparked a legal battle with the PE industry. Lawyers representing both the SEC and the PE industry engaged in a heated argument in a US federal court in New Orleans.

Entretien à cœur ouvert avec Koen Hoffman, CEO du gestionnaire de patrimoine gantois Value Square, à propos du moment le plus difficile de sa carrière, de son attirance pour les outsiders et de ses enfants venus jouer sur son propre terrain de jeu.

« 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.