Michel Balter

Great article by Kangkan HALDER in Delano addressing how innovation and technology are key to overcoming distribution challenges and adapting to regulatory changes in the dynamic asset management industry. Insights shared by FE fundinfo’s Joerg Grossmann and Maxime Aerts. Read more here: https://lnkd.in/e8kx9Nur

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On the occasion of the announcement of Euronext's new strategic plan, Innovate for Growth 2027, I had the pleasure of discussing our ambitious vision for the next three years with key media outlets. Our new strategic plan reflects Euronext’s commitment to innovate. We will develop new offerings to strengthen its presence across the entire value chain of European capital markets. By 2027, we will be a larger, stronger and more diversified company. We will be positioned as the unique and most efficient gateway to European capital markets for listing, trading, clearing, settlement, and custody. The Innovate for Growth 2027 strategy will allow us to achieve organic revenue growth exceeding 5% per year on average per year between 2023 and 2027, while remaining attentive to the industry's active M&A activity. Thanks to Nikou Asgari at Financial Times, to Luke Jeffs at FOW and to Anna Edwards, Guy Johnson and Kriti Gupta at Bloomberg for giving me their time and for sharing Euronext’s ambitions for the future. Financial Times: https://lnkd.in/eBAEh6BU FOW: Pt. 1 https://lnkd.in/ectM_wBR Pt. 2 https://lnkd.in/eBs6WwqS Bloomberg TV: https://lnkd.in/ehA4TbzR

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Last Friday, I was interviewed by Stephen Sedgwick and Arabile Gumede from CNBC, on the occasion of Euronext’s Q2 2024 results. I had the opportunity to highlight the strength of our double diversification strategy within and away from trading revenues, translating into a net income growth of 18.2% in Q2 2024. Euronext’s diversification to subscription base revenue is paying off, with a 16.9% increase in post-trade revenues in Q2 2024 compared to Q2 2023 to 108.9m€. We are now delivering on the final milestone of the Borsa Italiana Group integration. On 15 July 2024, we successfully completed the first phase of the derivatives clearing migration with the migration of our commodity derivatives clearing activities to Euronext Clearing. Financial derivatives will follow in September 2024. With this strategic expansion of our clearing house, Euronext is creating an integrated market infrastructure that further contributes to the defragmentation of the European post-trade landscape, and serves as a catalyst for innovation for its clients. In Q2 2024, our trading activities rose by 20.7% compared to Q2 2023, with impressive performances from Fixed income trading (+40.7%), Power trading (+30.1%) and Forex trading (+28.7%). This very strong quarter also confirms Euronext as the #1 listing venue in Europe. We welcomed 14 new listings in Q2 2024, including  4 out of the 5 largest companies having gone public in Europe in Q2. This demonstrates the attractiveness of our single European market, to finance companies’ growth. Link to the replay:

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Demographic changes, green transition, innovation, strategic autonomy... to address these challenges, we need liquid, resilient and competitive capital markets in Europe.    Euroclear has provided trusted infrastructures contributing to the integration of European and global markets over decades. And today, as we begin a new EU political cycle, we release a whitepaper discussing the path towards further market development and integration from a market practitioner perspective. This paper aims to instigate a meaningful dialogue with all stakeholders.    At Euroclear, we believe we need to focus our collective efforts on three sets of priorities:  • Broadening the pool of liquidity by attracting more issuers and investors  • Removing barriers to efficiency, competition and integration – including in relation to the CSD and post-trade sectors – and supporting innovation in Europe’s capital markets  • Taking advantage of the scale of the single market to strengthen Europe’s competitiveness and strategic autonomy   With collaboration, we can make significant progress. Euroclear is committed to working with all stakeholders to strengthen our financial markets.   To read the paper, go to https://lnkd.in/gTbycGBK #CMU

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The French connection The political mess in France on the back of the snap elections called by Macron comes at a very poor moment in time. Especially when looking at the budgetary sitution in France. Between 2019 and end 2023, the debt to GDP ratio has jumped from 98% to 110%. As the graph below shows, that increase is the biggest in the EU. Italy doesn’t even come close. And what about Belgium ? We have gone about 103% to 105%, plus 2%. Just to make sure, that will also put us among the bad pupils when the European Commission judges who needs to do an additional effort to reduce the deficit. Anyway, in today’s political unrest, any EU country with a poor budget track record is running a risk in financial markets. What risk ? Well, a risk of rating downgrades and spiraling debt costs. France’s bond auction this week will thus be closely monitored.. #EdR #investmentopportunities #assetallocation #bourse #beurs

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Today, I look back proudly at #ThePowerOf10 at Euronext: ten years of fulfilling our European dream. In June 2014, I was at the #EuronextLondon Office nearby Saint Paul’s Cathedral working as a Senior Sales & Relationship Manager on our Cash & Derivatives Secondary Markets, taking care of a portfolio of 15 members coming from the US, UK, Continental EU and Japan. The second IPO of #Euronext in June 2014 was an important date for me as it opened a new chapter in my career within the Group after seven years under the NYSE Group leadership. That IPO started the new Euronext 2.0 becoming therefore independent to deliver its growth strategy in Europe. The first concrete consequence for me was the set-up under my new management of the Client Coverage Centre as of November 2014 (until May 2019 when it was transferred to EMS becoming the Client Support team) dedicated to service with a team of seven people and our Trading Member Firms on Cash and Derivatives on both side of the Channel. That was a real challenge well addressed by the team as in addition to BAU matters, we had to deal with the first migrations to the new Optiq technology for the Euronext legacy markets as well as the Irish Stock Exchange acquired in spring 2018 and migrated in winter 2019. In the end, I completed three mandates in London until July 2018 when it was time to go back home, and I joined Euronext Paris as Senior Sales Manager for Cash & Derivatives Secondary Markets European Continental Members with the Global Sales Division. In early 2020, I was asked to lead the Sales team taking care of the Regional Banks & Brokers on the Continent on a Cross-assets basis.  As of early 2024 under Anthony Attia’s leadership, I was asked to lead the Derivatives & ETFs Sales team. These 10 years since the Euronext 2.0 IPO have been the best in my career, with so many successful Exchanges acquired and successfully migrated onto our Optiq platform, with a huge amount of work done jointly with all the Ops & Project teams involved to support our Trading Members during these heavy migration processes. At the same time, it has been a period of adaptation to the new era post-Brexit: to be able to take care of our London based key trading clients as well as support Euronext in the relocation of Trading and Sales activities to Paris from major Anglo-Saxon banks and brokers. The new Euronext is a real success story being a more agile company that will continue to innovate on both Cash and Derivatives Markets to always bring new products and services to our members and clients. I’m eager to continue to be part of this great journey in the coming years.

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#Diversification] Why is it imperative for contemporary treasurers to maintain a diversified #portfolio? Our Amundi experts answer this question by examining the main trends in money market funds, including #regulation and security.

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We are delighted to be mentioned in this article on Indosuez Wealth Management published by Paperjam 😊 In this interview, Isabelle Waty Head of Innovation for IndoSuez Europe and Group Head of Client Experience, discusses how innovations in #technology and #ai help to drive optimisation of the #clientexperience and add value across the group. 💪 We are so proud to have them as a client! 😁 Lingua Custodia provides enterprise licences for banks and #financialinstitutions so that all their employees can access our technology. Our specialised #financialdocumentprocessing platform provides #innovative document processing technologies such #translation, #speechtotext and #dataextraction, enhancing #efficiency and #productivity. #genai #fintech #france #finance

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Carne Group : Evolving regulatory environment and further choice for investors will support growth of active ETFs in Europe Carne Group, a leader in fund structuring, regulation and governance solutions for the asset management industry, believes the European active ETF sector will see accelerated growth due to improved market efficiency – driven by an evolving regulatory environment, investor demand and more product launches and managers entering the sector. https://lnkd.in/dimRbBcE #CarneGroup #ETFAnalysis

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Key takeaways from the political sphere, PMIs, US jobs data, Eurozone inflation and the highlights from the ECB's central banking forum in Sintra... All this and more in our latest Weekly Insights:

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Economic and political uncertainties, energy transition financing, #PrivateMarkets retailisation and digital asset breakthrough: How are investors adapting to this world in transition? 🌎​ We are delighted to host Valérie Baudson, CEO of Amundi, on the occasion of our #EuropeanInvestorSummit on 1 October 🎙 📨 Contact your relationship manager to register. Sponsored by Euroclear | Partnered by Funds Europe & L'AGEFI 🤝 #Macroeconomics #ESG #DigitalAssets

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𝗜𝗻𝗲𝘁𝘂𝗺 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗧𝗲𝗮𝗺 𝗶𝘀 𝗽𝗹𝗲𝗮𝘀𝗲𝗱 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂 𝗼𝘂𝗿 𝗸𝗲𝘆 𝘁𝗿𝗲𝗻𝗱𝘀 & 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗿𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆. The banking industry has faced numerous turbulences episodes - financial ups & downs, return of inflation, rapidly increasing interest rates, threaten systemic banks within Europe - yet, it still has to face deep transformation to be able to survive : - Leverage GenAI to innovate and reinvent customer relationship, take into considerations climate risks in all its activities, - Shift business models to match customer expectations and regulatory changes; - Strengthen resilience capabilities in quickly changing macro-economic conditions and geopolitical environment. In line with past year, 2024 banks must continue to tackle heightened cybersecurity threats, more demanding regulations and strong competition from FinTechs and financing players that are more agile, better in data sourcing/management and benefit from a modernized regulatory framework. The stakes include high constraints on maintaining operational efficiency/profitability and customer trust while fostering innovation. In France, the production of home loans in April 2024 rebounded significantly with an increase of +29%* (source: Fédération Banque Française) compared to March 2024. We anticipate for the year to come a greater financial inclusion, the development of personalized services integrating ESG, and the reinforcement of risk management strategies to navigate economic volatility, technological disruptions and climate change impacts. Let's connect ! #FinancialServices #Banking #Tech #Transformation #Efficiency #GenAI #Risk #Regulation #Resilience Emmanuelle PAYAN Guillaume Bossé Aurelien Grand Raphaël Vanhamme Adam MESKINI Jérôme RAVE Jérémy Vigier Edouard Balland Anthony Dick Cédric Hauguel Sébastien COUDERC Iliass Terchoune Gabriele De Stefano Eugène Gusev Quim Rosa

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📢 Excited to share Euronext's strong Q2 2024 results! We have just announced a new record quarter for Q2 again and once again demonstrated resilience and growth, driven by our commitment to excellence and innovation. Here are some key highlights: 🔹 Record revenue and income of €412.9 million, driven by its diversified business model; 🔹 Completion of the migration of Euronext’s commodity derivatives to Euronext Clearing; 🔹Listing revenue grew to €58.4 million (+5.9%), driven by the strong performance of Euronext Corporate Services and dynamic debt listing activity. Euronext sustained its leading position for equity listing in Europe and for debt listing globally; These results are a testament to the hard work and dedication of our teams across the Euronext Group. Thank you to our clients, partners, and stakeholders for their unwavering support. Read the full press release here: Euronext Q2 2024 Results #Euronext #PrimaryMarkets

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Exciting to see CACEIS climb the ranks in this year’s Monterey Insight Report, now standing as one of Luxembourg’s Top-3 asset servicing groups! 🏆 Their growth and strong positioning demonstrate their focus on client relationships and strategic excellence. It’s always rewarding to see how our research brings industry trends to light. #AssetServicing #Luxembourg #TopPerformers #IndustryData

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CACEIS experts are ready to share their expertise at the Luxembourg Blockchain Week from today! An opportunity to discover concrete solutions on blockchain, tokenisation, regulation and fund distribution. #AssetManagement #DigitalAssets #Blockchain #LBW24

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CACEIS experts are ready to share their expertise at the Luxembourg Blockchain Week from today! An opportunity to discover concrete solutions on blockchain, tokenisation, regulation and fund distribution. #AssetManagement #DigitalAssets #Blockchain #LBW24

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In the rapidly evolving FinTech industry, strategic payment partnerships play a crucial role in shaping companies' growth trajectories and expanding their global reach. 

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Instant payment is slowly but surely disrupting the whole ecosystem, questioning well-established paradigms about liquidity management and forcing all stakeholders to adapt their IT and organisations. Philippe Penichou and myself are happy to share our view on this quiet revolution already in progress

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