Team size: Nine 

First, can you please give us an idea of the sort of work your team has done recently? 

The Association of the Luxembourg Fund Industry (ALFI) represents the face and voice of the Luxembourg asset management and investment fund community. The Association is committed to the development of the Luxembourg fund industry by striving to create new business opportunities, and through the exchange of information and knowledge.  

Created in 1988, the Association today represents over 1,500 Luxembourg domiciled investment funds, asset management companies and a wide range of business that serve the sector. These include depositary banks, fund administrators, transfer agents, distributors, legal firms, consultants, tax advisory firms, auditors and accountants, specialised IT and communication companies. Luxembourg is the largest fund domicile in Europe and a worldwide leader in cross-border distribution of funds. Luxembourg domiciled investment funds are distributed in more than 70 countries around the world. 

I am responsible of a team of nine legal and tax counsels and industry affairs advisers, and I am in charge of all legal and tax matters handled by ALFI.  

Together with the team, I perform advocacy work vis-à-vis regulators and legislators, in Luxembourg and Bruxelles, on behalf of the Luxembourg asset management and investment fund community. 

We lead and participate in numerous technical meetings with the Luxembourg regulator – the Commission de Surveillance du Secteur Financier (CSSF) – and contribute to direct discussions with European Institutions on the main legal and regulatory developments.  

I can refer in particular to the following files on which we actively contributed, conveying the needs and key messages of the industry: The adoption of the new regime ELTIF regime on 20 March 2023; the review of the Alternative Investment Fund Managers Directive (AIFMD); the Retail Investment Package; the Reform of Long Form Report in Luxembourg; adoption of recent CSSF Circulars such as CSSF Circular 22/811 and the recast of CSSF Circular 02/77; and direct interactions with the Luxembourg government on USGAAP issues, Fund Laws changes, Taxe d’abonnement. 

What is a cause, business related or otherwise, that you care about, and why?  

The Luxembourg financial centre has largely been built through collective initiatives of key stakeholders, including distinguished jurists and lawyers. It is crucial to me that, despite the increasing competitiveness among players in the investment fund industry in Luxembourg, this collaborative effort persists. I am pleased to be able to contribute to this collective effort together with my team, to the benefit of the Luxembourg asset management and investment fund community.