Since the start of this year, at least 40% of board members at large French firms (including those with over 500 employees and annual revenues in excess of €50 million) must be female. Companies that fail to comply with the quota system risk seeing any additional male nominations blocked, as well as a freeze on […]
Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s economy and its currency. This can be seen most dramatically in sterling’s plunge on the foreign exchanges, which shows little sign of […]
Twenty-five years after the passage of sweeping legislation that liberalized the country’s economy, India remains a notoriously difficult place to do business. Rated the most bureaucratic nation in Asia, it ranked a woeful 130th in the World Bank’s latest “Ease of Doing Business” report – just behind the West Bank and Gaza. India nevertheless remains […]
Today, Donald Trump’s election looks quite unlikely. In fact, delegates at this month’s Republican convention could well rebel and nominate another candidate for the White House. Even if Trump is nominated, negative opinion of him – and structural demographic advantages for the Democratic candidate – would make Hillary Clinton very hard to beat. As the […]
Eight long years after the start of the global financial crisis, Europe has, at last, officially recovered. In the first quarter of this year, eurozone GDP increased 1.6% year on year, in line with the 2008 peak recorded shortly before the start of the financial crisis. During the same period, the broader EU economy expanded […]
What do Walmart, BMW and Maersk have in common – besides being among the world’s largest companies? Each is also a family business, with a significant percentage of shares owned by, respectively, the Walton, Quandt and Moller families. Unlike these three multinationals, however, most family businesses – whether defined by equity ownership, board representation or […]
Luxembourg headquartered KBL European Private Bankers (KBL) has entered into a preliminary agreement to acquire Insinger de Beaufort, a private bank in the Netherlands, from BNP Paribas Wealth Management, subject to regulatory and shareholder approval. In the event of a successful acquisition, KBL intends to merge Insinger de Beaufort and Theodoor Gilissen, both of which […]
Everybody loves payday. Whether it is the first, last or middle day of the month, simply knowing that the reward for one’s labor has been deposited in a bank account creates a feeling of security. The word “salary” itself derives from the Latin salarium, whose root is sal, or “salt.” In ancient Rome, salarium specifically […]
Luxembourg-headquartered KBL European Private Bankers (KBL epb) has appointed Kristel Cools as group head of Asset Management. Cools will be responsible for the management and sales of all 65 group funds and will report to KBL’s CIO Stefan Van Geyt. “Cools will streamline and enhance the group’s existing fund range – raising awareness of the […]
Luxembourg-headquartered private bank KBL and Geneva-headquartered private bank Lombard Odier have announced the signing of a strategic IT and operations partnership agreement. Lombard Odier will establish a new company in the Grand Duchy – staffed by KBL epb specialists and Lombard Odier employees – to provide KBL epb IT and Operations support, hosted on an […]
Yves Stein has been appointed group CEO by KBL European Private Bankers, taking over from Jacques Peters, the Luxembourg based financial provider.
Marc Lauwers has been appointed chief operating officer for the Luxembourg based KBL European Private Bankers group.