6.1%

forcast annual inflation rate for 2022

+9 points

for business Confidence in Luxembourg

1.6%

for financial services prices at the end of March 2022

8th rank
in the European Digital Economy and Society Index (DESI) for Luxembourg

All the news that’s fit to browse - August 2022

Finance

Rikard Lundgren (Steendier): Future for IDs

With a seemingly never-ending increase in new laws, regulations and best practices that need to be implemented in the management of Luxembourg based funds, Independent Directors face higher demands on their skills, competences and in their role as independent governors. Rikard Lundgren, CEO of Steendier looks into the crystal ball and suggests that to keep …

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Johan Lindberg (RBC Investor & Treasury Services): Helping Family Offices become custodian agnostic

 “RBC can help Family Offices to manage multiple custodian relationships through one single access with our Middle Office”, says Johan Lindberg, managing director for global client coverage at RBC Investor & Treasury Services in Luxembourg. Interview.  What are the evolutions regarding middle office outsourcing? First of all, I would like to connect today’s interview with …

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Christophe Pessault (MEBS): Risk Management – Increased Requirements

According to Christophe Pessault, risk management specialist and member of the MEBS Executive Committee, “the past three years have really transformed the approach towards risk for Luxembourg-based management companies.” Interview. How are risk issues in investment funds evolving? We saw little regulatory change between 2011 and 2018, i.e., since the implementation of the Circular 11/512 …

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Niccolo Polli: LAFO Spring E-Conference: Can Luxembourg become “Singapore West?”

As wealth creation blossoms in China, Niccolo Polli, CEO of HSBC, discusses how the younger generation of entrepreneurs is influencing traditional Chinese appetites towards greater diversification across sector and geography and Luxembourg’s prospects of becoming the European Chinese family office hub, mirroring Singapore’s success in that role in Asia. Evolving: Chinese Attitudes to Internationalizing Their …

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David Baverez: Europe’s growth will come along with China

A private investor, mainly active in china since 2010, David Baverez made a name for himself as a portfolio manager at fidelity investments in London and Boston. He then went on to found KDA capital. He has written several books illustrating the near-tectonic changes in the relationships between Europe, china and the United States. Criticizing …

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Khujun (King) Xie: LAFO Spring E-Conference: Paving the Way for Chinese Family Offices

With the industrial, commercial and financial relationships between Luxembourg and China stretching back over a century, Khujun (King) Xie, President of Chinalux, believes that the networking opportunities available to LAFO members through Chinalux can help lay the foundations for the establishment of Chinese family offices in the Duchy. Chinalux: An Introduction If we look at …

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Jérôme Bernodat and Linda Lamri (BNP Paribas Securities Services): Implementing strategic decisions: what are the options?

With more than EUR 5 trillion assets under management, Luxembourg stands out as the global leader for cross-border distribution.  Accelerated digital transformation, Brexit, the search for more sustainable investments as well as changes in investor behaviours are all elements expected to continue to reshape the fund industry landscape in the coming years. Interview. What is …

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Stephane Bellac and Kevin Barbant (BearingPoint): Improving private banking groups’ investment value chain

BearingPoint’s Stephane Bellac and Kevin Barbant, authors of the white paper Investment Operating Model in Wealth Management, say private banking groups in Europe continue to struggle to align process automation, centralisation and IT systems, despite agreeing on the potential efficiency gains. Interview. What is the investment value chain for a private banking group?  We have …

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François Masquelier (ATEL): European Treasury in Full Transformation

“The treasury function, as we know it today, is a relatively recent development – it is 40 to 50 years old, at most,” explains François Masquelier, President of the Association of Corporate Treasurers of Luxembourg. Treasurers are indispensable to any business. Interview.  Could you describe ATEL in a few words? ATEL, the association of treasurers, …

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Francoise Thoma (Spuerkeess): Luxembourg cornerstone

Françoise Thoma, Chief Executive Officer and Chairman of the Management Committee of Spuerkeess presents the technological and commercial challenges for traditional financial players. Interview. Could you present Spuerkeess in a few words? Spuerkeess was founded in 1856 and is wholly owned by the Luxembourg State. Spuerkeess is a universal and systemic bank, i.e. directly supervised …

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