Denise Voss has been named chairwoman of the Luxembourg labelling agency LuxFLAG, taking over after Thomas Seale.
The appointment comes following the end of Voss' term as chair of Alfi, the Association of the Luxembourg Fund Industry (Alfi's new chair is Corinne Lamesch https://www.investmenteurope.net/news/4002729/alfi-appoints-chairperson )
This marks the second key appointment following the earlier announcement that Sachin Vankalas has taken over from Mario Mantrisi as general manager of LuxFLAG.
The agency has reported a 30% rise in the number of labels issued in 2018, with labelled assets under management increasing by some 50%. Its Associate Member network grew by some 70% through the year.
Voss commented on her appointment: "LuxFLAG has demonstrated tremendous achievements in the past years for which I would like to congratulate and thank the outgoing Chairman and everyone involved. The EU's ambitious action plan and the high demand for transparency in sustainable investments vouch for LuxFLAG's vital role in the industry. I am eager to drive forward the association's central position in securing investor trust."
As of 20 June, LuxFLAG had issued 136 labels for funds overseeing some €53.4bn of assets from five jurisdictions - Luxembourg, Belgium, France, Germany, Ireland) and 83 Associate Members.