ALFI chooses Saluzzi as its head

The Association of the Luxembourg Funds Industry (ALFI) has selected its new president, Marc Saluzzi.

Following two days of voting in its new board members since Tuesday 9 June, the board then immediately set about voting for its president.

Saluzzi was the sole candidate for the presidency and therefore almost certain to take up the role before the board, which will consist of many of the same members as before, was elected.

He takes over from Claude Kremer with immediate effect, serving a two-year term.

Kremer is currently the only candidate to become the new president of the European Fund and Asset Management Association (EFAMA), and therefore likely to be voted in by its board following an AGM on 17 June.

ALFI’s new president Saluzzi meanwhile has sat on its board since 2001. He later joined its strategic advisory committee. In 2009, he became chair of the fund association’s alternatives committee.

The Frenchman has a background in tax and auditing, having worked for PwC since graduating from the Institut Superieur de Gestion, Paris, in 1986.

In 1996 he became a partner for the firm, and 10 years later he led the global asset management team for four years. He is now responsible for PwC’s Luxembourg financial services practice, and a member of the firm’s country leadership team.

Saluzzi is also a member of the committee that advises Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF), on laws and regulations affecting its funds industry.

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