Silke Bernard: “Although large parts of the circular do reflect current (written and unwritten) CSSF practice, it contains a few clarifications and requirements that were so far not common regulatory practice.”

03 Octobre 2018

On 23 August 2018, the CSSF issued its long-awaited circular 18/698 on the substance of Luxembourg management companies. After a relatively short but (as it seems) intense consultation process, the CSSF has made public what can be seen as a new cornerstone in the Luxembourg regulatory landscape.

Stéphane Badey: “The circular also tackles the recourse to intermediaries who carry out marketing and which act on behalf of clients.”

03 Octobre 2018

The recent CSSF Circular 18/698 is subtitled “Specific provisions regarding the fight against money laundering and terrorist financing applicable to investment fund managers (IFM) and entities carrying out the activity of registrar agent”, which is a strong statement that fighting money laundering and terrorism financing is close to the heart of the CSSF.

Laurent Marochini: “Today, a single company may be on the cutting edge of technology, but it will not necessarily have a competitive advantage.”

03 Octobre 2018

“The best way to predict the future is to create it.” This quote by Peter Drucker, a renowned professor of business management at New York University, is more relevant than ever with regard to the new technologies available in the financial industry.

Ann Doherty: “Private equity is not the only industry facing these kinds of challenges. Asset managers of other asset classes are also dealing with complex, long-term and fundamental sector changes.”

02 Octobre 2018

Traditional fund management represents the main vehicle for growth and the key to Luxembourg’s status as a hub for the global fund industry. However, in line with J.P. Morgan’s strategy to provide services to all asset classes, one in particular has experienced an exponential rise in recent years and has found a fruitful home in Luxembourg - private equity.

Mario Mantrisi: “A clear understanding and reporting on which sustainable investing strategy is used and if measurable environmental or social impacts are created is fundamental.”

02 Octobre 2018

For a long time, there has been a general market perception that sustainability underperforms. Market research proves current beliefs wrong. Mindsets are changing and traditional asset managers are now seeking the opportunity to develop ESG (Environmental, Social, Governance) product lines. What if, in the future, investment funds perform less if ESG factors are not taken into account?

Raymond Groen In’t Woud: “As manufacturers typically use multiple providers across Europe to distribute their products, the standard of target market data distributors receive is inconsistent, and may actually be of very poor quality in some circumstances and hence increasing the risk.”

01 Octobre 2018

Managing MiFID II compliance and leveraging its potential commercial opportunities require manufacturers and distributors to embrace automation more enthusiastically, and disentangle themselves from antiquated manual processes.

Marc Noirhomme: “Across Asia, the types of local distribution channels to market European funds vary considerably, which drives the need for a localised rather than regional distribution strategy.”

01 Octobre 2018

Distributing in Asia on a cross-border, multi-jurisdictional basis can be a complex and challenging strategy to develop, implement and maintain, especially when retail investors are key targets.

Said Fihri: “New technologies not only increase efficiency but also bring product and service opportunities for asset managers and their clients.”

28 Septembre 2018

Over the last decade, Luxembourg has strengthened its position as Europe’s fund industry hub. With more than 4,000 billion euros in assets, the Grand Duchy’s fund industry is mainly dedicated to fund administration, custody and transfer agency services, as well as compliance and risk management activities.

Ce qui n’était qu’un épiphénomène il y a 10 ans à peine est en train de grandir rapidement. D’autant plus vite sans doute qu’il est désormais clair qu’un investissement durable peut rapporter autant en termes financiers qu’un investissement classique.

28 Septembre 2018

Investir dans des entreprises durables n’est pas pénalisant pour le rendement. Ou comment à la fois tenter d’améliorer le sort de la planète et faire fructifier son épargne.

Stephen Bird: “The new economy is about frictionless transactions, curated experiences, seamless service and higher value. And the bar rises every day.”

27 Septembre 2018

We are living through what is perhaps the most profound period of disruption in human history. Digitisation is by far the most powerful, disruptive force transforming the way we live, work, engage, consume and communicate. We are in a new reality, an epochal shift.

Jim Fitzpatrick: “Fewer distributors and increased scrutiny are placing pressure on asset managers trying to establish themselves on fund lineups.”

26 Septembre 2018

Product, distribution and data analytics have become high-impact themes for the global asset management industry. As a result of NICSA’s forward-looking evolution as a trade organisation, we have made meaningful strides to broaden our focus within these topics.

Alexandre Gauthy et Luke Hickmore

10 Juillet 2018

C’est la question que Paperjam a posée à Luke Hickmore, senior investment manager chez Aberdeen Standard Investments et Alexandre Gauthy, macroéconomiste chez Degroof Petercam Luxembourg dans le cadre de notre rubrique «Opinion» de l’édition de juillet/août de notre magazine. Réponses.

03 Juillet 2018

Après s’être concentrée pendant près de 10 ans sur le marché suisse, la fintech Jemmic s’attaque aujourd’hui à la Place. Une étape naturelle pour cette start-up… luxembourgeoise!

Carlo Thill BGL BNP Paribas

11 Juin 2018

Suite de la première partie de notre interview de Carlo Thill, qui prendra sa retraite le 30 juin prochain. Le CEO de BGL BNP Paribas est entré à la Banque Générale du Luxembourg il y a 40 ans, a creusé son sillon en interne, a pris le gouvernail il y a 13 ans déjà, a traversé la tempête Fortis et, finalement, a arrimé l’institution quasi centenaire à un groupe de taille européenne. Bilan et souvenirs.

Carlo Thill

11 Juin 2018

Carlo Thill prendra sa retraite le 30 juin prochain. Le CEO de BGL BNP Paribas est entré à la Banque Générale du Luxembourg il y a 40 ans, a creusé son sillon en interne, a pris le gouvernail il y a 13 ans déjà, a traversé la tempête Fortis et, finalement, a arrimé l’institution quasi centenaire à un groupe de taille européenne. Bilan et souvenirs.

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