ALFI Global Distribution Conference
A whole world of Luxembourg funds
Nick Millington is a Principal at Blackstone, leading the EMEA Product Strategy Group in Private Wealth Solutions. Nick is involved in product development of new strategies and as a product specialist across the BX Funds.
Before joining the firm, he worked in the Private Markets team at Barclays Private Bank. In this role, he was performing fund due diligence, ongoing monitoring, and the structuring of new funds.
Nick graduated from University of Sheffield, where he received a BA in Economics.
Speaking at
Currently, investment funds only account for 10% of European household savings which continues to be dominated by deposit holdings. This compares to 22% in the US. European policymakers have been attempting to address this imbalance for years, the latest being the retail investment strategy. Financial education gaps, lack of tailored advice and product awareness, cumbersome purchasing processes, costs and fees are among many of the matters to be addressed. What else needs to be done to improve household participation? Will an increased focus on environmental and societal concerns play a role? How might technology developments expand the household footprint? And is there a case for reviewing tax incentives for investment fund savings aligned with EU environmental and other critical objectivities?
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