PEOPLE MOVES: JTC, HSBC Retirement Services, Whitman AM
Financial services firm names private client COO, as life subsidiary appoints head of distribution
ALFI
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PEOPLE MOVES: Axa, Marlborough Group, Nedbank Private Wealth
Management change-up for the France-based insurance firm as deputy CEO and CFO departs
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Luxembourg fund association to tackle ESG ‘greenwashing’
Sustainable investing, Brexit and growth of the fund industry are high on Alfi’s agenda for 2019
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EU regulation overload hindering industry
The glut of hefty EU regulations introduced this year do not always complement each other, complains the Association of the Luxembourg Fund Industry (Alfi) chair Denise Voss.
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Fund industry chief backs pan-EU pension product
Luxembourg fund bosses are still hopeful of concrete progress this year on a single cross border pension product in the EU.
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Lux fund body hits back at politicised scrutiny of delegation
Growing scrutiny of European fund managers delegating portfolio management to other EU countries is motivated by “political reasons”, the chairman of the Association of the Luxembourg Fund Industry (Alfi) told International Adviser.
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PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.
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Luxembourg shuns ‘aggressive’ Brexit plan to attract UK firms
Luxembourg, the largest domicile for Ucits funds, will not engage in a “race to the bottom” to lure UK-based asset managers that want to maintain their passporting rights when Britain leaves the EU, according to Anouk Agnes, deputy director general of the Association of Luxembourg Fund Industry (Alfi).
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Fees on European funds ‘must come down’, warns regulator
Asset managers in Europe must reduce the cost of their products, Steven Maijoor, chair of the European Markets and Securities Authority (Esma) has warned.
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Luxembourg hits record of €3.7trn AUM despite Brexit jitters
Assets under management in Luxembourg-domiciled funds grew by 7% to €3.74trn (£3.18trn, $3.97trn) last year, the latest data from the Association of the Luxembourg Fund Industry (ALFI) shows.
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Luxembourg’s new alternative investment fund vehicle approved
Luxembourg’s reserved alternative investment fund (Raif) has been approved by the duchy’s parliament and will come into force three days after publication in Luxembourg’s official gazette.
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Reserved AIFs will come to market by the end of June
The Reserved Alternative Investment Fund (RAIF), a new type of EU-wide investment vehicle, will be available by the end of June, according to prominent Luxembourg-based lawyer Jacques Elvinger.