The European sustainable funds study 2021 commissioned by ALFI and carried out by Morningstar and zeb, provides a snapshot of the recent investment and regulatory trends in sustainable funds in Luxembourg and other European fund domiciles. The webinar will showcase the exponential growth of sustainable funds across Europe and in Luxembourg in particular, drilling down into the different categories of sustainable/ESG funds, the type of asset classes which have been successful in attracting net new money, and the respective attractiveness of active and passive strategies. A summary of the current regulatory developments in Europe (SFRD, Taxonomy, NFRD/CSRD) will be provided in the introduction. The study is now available on ALFI’s website here.
Welcome and introduction
ALFI European sustainable funds study 2021: key findings
European regulatory landscape: first trends on Article 8 and 9 SFDR
Luxembourg as a jurisdiction of choice for sustainable/ESG funds
Marc-André Bechet is Deputy Director General of ALFI, the Association of the Luxembourg Fund Industry. He joined the association in September 2014. Before joining ALFI, Marc-André Bechet was Head of the Investment Funds Services at Banque Degroof Luxembourg, responsible for fund administration and custody. He was also a member of Banque Degroof’s Management Board. Prior to joining Banque Degroof, Marc-André Bechet worked for 18 years at RBC Investor Services Bank S.A. in Luxembourg, where he held various senior positions including Head of Custody and Network Management, and Head of Business Development and Relationship Management, Legal and Compliance. Mr. Bechet holds a Master’s degree in Business Administration from the University of Ottawa (Canada) and a Master’s degree in Finance from the French business school ESCP in Paris. He speaks English, French, German and Luxembourgish.
Hortense Bioy, CFA, is global director of sustainability research for Morningstar UK Ltd, a wholly owned subsidiary of Morningstar, Inc. Based in London, Bioy leads Morningstar’s environmental, social, and governance research efforts globally, with the objective of educating investors and providing them with the tools they need to evaluate funds through an ESG lens. Prior to assuming this role in February 2021, she was responsible for Morningstar’s sustainability research in EMEA for three years. Before transitioning to a dedicated ESG focus, Bioy was European director of passive strategies research. She led an award-winning team that provides research on exchange-traded funds and index funds. Bioy joined Morningstar as an ETF analyst in 2010 from Bloomberg, where she was a financial journalist. She began her career as a mergers and acquisitions analyst at Société Générale in Hong Kong.
Arnd Heßeler is the head of zeb´s office in Luxembourg and is a member of two of zeb’s practice groups—“Private Banking, Asset and Wealth Management” and “Capital Markets and Securities Processing”. His experience of more than three decades in the financial services industry extends across corporate and private banking with senior management responsibilities in Europe and Latin America. Prior to joining zeb in 2016, Arnd worked at Allianz / Dresdner Bank Group holding various senior management positions, among others CFO and COO of Dresdner Bank Luxembourg. His area of expertise encompasses strategy, asset management, private banking, finance and risk management, restructuring and operational excellence. furthermore, Arnd has deep knowledge about the Luxembourg fund market and industry participants. Arnd is co-author and contributor of various zeb studies and articles on asset management, private banking and agile organizations..
Carsten is a partner of zeb, a leading strategy and management consultancy specializing in the financial services sector. He has been working in the consulting industry for more than 25 years and is responsible for the Private Banking, Asset & Wealth Management Practice Group of zeb. Within the scope of his consulting activities, he advises asset managers, corresponding business units of banks and insurance companies on strategy, organization, and sales both in the retail and institutional business. Currently, he is primarily involved in the development and implementation of the sustainability strategy of a bank and the setup and launch of a sustainable asset management firm.
Carsten is in charge of the regularly published zeb European Asset Management Study and the European Sustainability Investment Funds Study, in collaboration with ALFI and Morningstar. He has been working for many years on scientific and practical issues in the fund industry, publishing numerous articles on the evaluation of fund managers, performance measurement and attribution.
He regularly lectures on the topic of performance measurement and attribution as part of the CIIA© – curriculum on behalf of the Society of Investment Professionals in Germany (DVFA) and was, as head of the respective DVFA-commission, a key driver in establishing the Global Investment Performance Standards in Germany in the early 2000s.