New board elected for Alfi
The Association of the Luxembourg Fund Industry (Alfi) has re-elected Denise Voss for an additional two-year term as chairman of its board of directors.
Voss (pictured centre) has been on the board since 2007, and was vice chairman for International Affairs from 2011 before being appointed chairman in June 2015. Voss is conducting officer of Franklin Templeton Investments and has worked in the Luxembourg financial industry since 1990.
The Alfi Annual General Meeting also elected other board members as follows:
- Georges Bock, KPMG Luxembourg, S.C.
- Freddy Brausch, Linklaters
- Dirk Bruckmann, Deutsche Asset Management S.A.
- Stéphane Brunet, BNP Paribas Asset Management Luxembourg
- Michèle Eisenhuth, Arendt & Medernach
- Jacques Elvinger, Elvinger Hoss Prussen S.A.
- Michael Ferguson, Ernst & Young S.A.
- Bettina Graeber, Pictet & Cie (Europe) S.A.
- Jonathan P. Griffin, JPMorgan Asset Management (Europe) S.à r.l.
- Holger Hildebrandt, Deka International S.A.
- Lou Kiesch, Deloitte General Services S.à r.l.
- Rudolf Kömen, Credit Suisse Fund Management S.A.
- Nils Kruse, GAM (Luxembourg) S.A.
- Steven Libby, PricewaterhouseCoopers, Société Coopérative
- Maria Löwenbrück, Union Investment Luxembourg S.A.
- Geoff Radcliffe, BlackRock Fund Management Company S.A.
- Gilbert Schintgen, UBS Fund Management (Luxembourg) S.A.
- Thomas Seale, European Fund Administration S.A.
- David Suetens, State Street Bank Luxembourg S.C.A.
- Denise Voss, Franklin Templeton International Services S.à r.l.
- Marc Wathelet, FIL (Luxembourg) S.A.
- Revel Wood, FundRock Management Company S.A.
- Alastair Woodward, Schroder Investment Management (Luxembourg) S.A.
- Julien Zimmer, DZ PRIVATBANK S.A.
Outlining the Association’s work ahead, Voss told the AGM that regulation including Mifid II, Priips and the EU’s General Data Protection Regulation (GDPR) will be an area of key focus that will consume considerable industry time and resource in years to come.
The impact of Brexit on the Grand Duchy’s financial sector is another key development that Voss noted. Local industry assets are heading towards the €4trn level, and Voss stressed that the so-called delegation model followed by Luxembourg since the introduction of Ucits requires the Association to continue its role in explaining this to investors in other markets globally.
Voss also noted the move towards Capital Markets Union in the EU and its link to fintech developments required to improve industry efficiencies.