Investment Officer Luxembourg

Thanks to Max Severijns from Investment Officer Luxembourg for having quoted BLI - Banque de Luxembourg Investments’ Head of Fixed Income Jean-Philippe Donge in his latest article covering the US Treasury market. Jean-Philippe pointed out that with economic data softening, bond investors appear to be taking a more cautious stance. ?? Read the entire article “Treasuries ignored politics, but consumer data shifts sentiment”: https://lnkd.in/e-JSX4Va (free access after registration) #marketingcommunication #treasuries #assetmanagement #luxembourg

#Markets update: Yields on 10-year Treasuries have dropped below 4.3 percent, marking their lowest level in two months. The shift follows a sharp decline in U.S. consumer confidence, which fell to 98.3 in February, missing expectations. ?? Jean-Philippe Donge (BLI - Banque de Luxembourg Investments): “The Treasury yield is stuck between a rock and a hard place.” ?? Jack Janasiewicz, CFA (Natixis Investment Managers): “We need an incremental move in the inflation backdrop to force a break of the range.” ?? Luc Aben (Van Lanschot Kempen): Joe Sixpack —the American consumer— still has “sufficient financial strength.” With economic uncertainty rising, markets are now pricing in just over one rate cut between now and the end of 2025. Friday’s core PCE inflation data will be a key test for the Fed’s outlook. ?? More in this week's markets update from Max Severijns on #InvestmentOfficer Luxembourg: https://lnkd.in/eWVjcFJ7 #Treasuries #Markets #Inflation #Fed #Investment

This week's roundup of senior appointments features updates from Baloise LU, Hauck & Aufh?user Fund Services, HAUCK AUFH?USER ASSET SERVICING, Schroders Capital, Capital Group, and Societe Generale. ?? Tine Vanmassenhove joins Baloise Luxembourg as commercial director for the Belgian market, bringing extensive experience in financial services and insurance. ?? Christoph Kraiker steps up as CEO of Hauck & Aufh?user Fund Services, while Christian Mader takes over as CEO of Hauck & Aufh?user Administration Services. ?? Vikram Bhandari is named head and CIO of Schroders Capital Solutions, moving from Blackrock. ?? Jenna Lawford becomes head of client relations, Europe, at Capital Group. ?? Lubomira Rochet will take on the role of deputy general manager at Société Générale in April 2025. All of this week's people moves: https://lnkd.in/e6Btrp9X ?? #InvestmentOfficer publishes key people moves every week. Share your announcements with us at [email protected] for Luxembourg and/or [email protected] for NL/B. #Luxembourg #AssetManagement #PrivateMarkets #PeopleMoves

?? State Street and SS&C Technologies unwind IFDS joint venture – what’s next for #transferagencies? ?? After nearly 20 years, State Street and SS&C Technologies are restructuring their transfer agency operations in #Luxembourg and #Ireland, ending their IFDS Europe joint venture as the industry shifts towards automation and blockchain-driven solutions. With the transfer agency business valued at 16.3 billion dollars today and expected to hit 24.2 billion dollars by 2033, firms are racing to modernise. ?? What does this mean for fund administration and investor services? Read more on the evolving landscape and blockchain’s role in transfer agency. ?? https://lnkd.in/euadQZ-Z Donna Milrod Nick Wright #TransferAgency #FundAdministration #Blockchain #Automation #DigitalAssets #Fintech #InvestmentFunds #AssetServicing #LuxembourgFinance #Innovation #WealthManagement

?? European equity ETFs attract investors again – is this the turning point? ?? After months of outflows, European equity ETFs are seeing strong inflows. According to Rebecca Chesworth (State Street SPDR ETFs), institutional investors are cautiously returning, attracted by low valuations and improving sentiment. Financials and industrials lead the way, while energy sees outflows. Yet, risks remain: Trump’s trade policies, political uncertainty, and weak growth continue to weigh on investor confidence. ?? Read the full analysis by Jeroen Boogaard for #InvestmentOfficer on why Europe is back on investors’ radar—and whether this trend has staying power. ?? https://lnkd.in/eSvxUKkQ

?? How expensive are European funds really? European supervisors and industry representatives clash over cost comparisons Are European Ucits truly less competitive than US mutual funds? The European Securities and Markets Authority (ESMA)’s latest report suggests so, but EFAMA strongly disagrees. The industry association argues that when factoring in total ownership costs, actively managed Ucits are often the cheaper option. Esma acknowledges the need for further research—especially on distribution costs, which it has yet to analyse. “We are working with authorities to collect this data,” a spokesperson told #InvestmentOfficer. ?? Read more about the debate, featuring insights from Tanguy van de WERVE, and find out what’s next in the regulator’s market analysis. ?? Full article by Justin Doornekamp here: https://lnkd.in/e8tJ8Nrr

This week’s leadership shake-up features key appointments across Edmond de Rothschild, P1 Investment Services, EFG International, BlackRock, Marguerite, Colesco Capital, and Banque Internationale à Luxembourg (BIL). ?? Penny Lovell steps in as UK CEO at Edmond de Rothschild, succeeding Mark Robertson, who moves to chairman. ?? Alexander Br?uer is the new team head Germany at BIL. ?? Marguerite promotes Pilar Gomez & Guillaume Rivron to managing partners, alongside multiple senior promotions. ?? Adam Willmott joins Colesco Capital as co-head of origination, after 18 years at Rabobank. ?? James Fouche joins P1 Investment Services as investment account manager, supporting adviser relationships. ?? Louise Kooy-Henckel is named head of sustainable & transition solutions EMEA at Blackrock. ?? EFG International nominates Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos(Kostas) Tsiveriotis for its board of directors. Stay tuned for more updates from Investment Officer. ?? Got news? Send your executive announcements to [email protected] #WealthManagement #PrivateBanking #FinanceLeadership #ExecutiveMoves #AssetManagement #BankingIndustry #FinancialServices #Blackrock #EdmondDeRothschild #EFGInternational #Marguerite #ColescoCapital #BIL #P1Investment #Transfers #PeopleMoves

Gold has surged over 40 percent in a year, yet private banks like Lombard Odier Investment Managers, Puilaetco | A Quintet Private Bank, and Van Lanschot Kempen remain bullish. They continue to see the precious metal as a key portfolio diversifier, even as it trades near record highs. ?? Geopolitics & inflation risks: With Trump’s return, concerns over trade tensions and inflation are driving demand. ?? Central bank stockpiling: Heavy buying from emerging markets keeps prices elevated. ?? Gold at 3,000 dollars? Private banks expect further gains, despite short-term cooling. Experts weigh in: ?? “Every discretionary portfolio we manage includes gold,” says Geoffroy Vermeire, managing director at Lombard Odier Belgium. ?? Axel Botte, head of market strategy at Ostrum Asset Management, sees ongoing central bank demand—especially from emerging markets and China—driving further price gains. ETFs or physical gold? The debate continues. Read Emmanuel Vanbrussel's article more on Investment Officer Luxembourg: https://lnkd.in/e4S6P7cK #Gold #Investing #WealthManagement #PrivateBanking #Markets

Two Swiss-headquartered private banks with a significant presence in Luxembourg this week underscored the growing #consolidation in European #wealthmanagement, each announcing separate acquisitions. The separate moves by?EFG?and Edmond de Rothschild highlight the intensifying competition among firms seeking scale and specialisation in a rapidly evolving?sector. EFG International —the 9th largest Swiss private bank with 175.4 billion euro in assets under management— on Tuesday said that the acquisition of Geneva-based Cité Gestion SA would further strengthen its presence in its Swiss home market. Cité Gestion will add some 8 billion euro in aum once the transaction has been closed. Geneva-headquartered Edmond de Rothschild —the 7th biggest private bank in Switzerland— said on Tuesday that it plans to acquire a 70 percent majority stake in London-based wealth manager Hottinger & Co. It already owns 42.5 percent since 2022, when it took a first step into the partnership. Hottinger is a small private bank with 1.2 billion euro in assets under management. https://lnkd.in/eXiJ9RCe #PrivateBanking #WealthManagement #BankingConsolidation #SwissBanks #EFGInternational #EdmondDeRothschild #CitéGestion #Hottinger #AssetManagement #UHNW #MergersAndAcquisitions #FinancialServices #BankingStrategy #LuxembourgFinance #EuropeanFinance #InvestmentBanking #MarketTrends #Digitalisation #WealthTrends #FinancialMarkets #ING #GrowthStrategy #Fintech #PrivateWealth #FinancialNews

?? Navigating market uncertainty in the Trump 2.0 era ?? Forecasting financial markets has never been easy—but under the unpredictable policies of newly-in-office US president Donald Trump, it has become even trickier. BLI - Banque de Luxembourg Investments CIO Guy Wagner struck a chord with investors at a recent Luxembourg outlook event, co-hosted with La Fran?aise, as he highlighted the challenge of building a reliable economic scenario today. From the impact of tariffs and deregulation to the vanishing volatility of business cycles, Wagner pointed to major shifts that are redefining how investors approach asset allocation. With geopolitics back at the forefront and US markets dominating global performance, are we seeing the early signs of a new bubble—or simply a new normal? ?? Read about his perspective on #InvestmentOfficer #Luxembourg: https://lnkd.in/eG4uMF54 #Markets #Investing #Geopolitics #USMarkets #TrumpEconomy #InvestmentOutlook Mike Gordon