Governing Bodies

Board of Directors

ALFI is governed by a Board of Directors, elected by Members of the Association for a period of two years.  ALFI's 24 Board Members are collective investment management industry leaders, reflecting the broad range of nationalities present in the financial centre and an even broader range of companies and servicing industries active in the sector. Together, the Board brings a huge body of experience to ALFI, while individual Board Members are active in the various Technical Committees and regularly represent ALFI at Seminars and Conferences around the world. The Board decides on the creation and dissolution of Technical Committees and Forums as well as designation of its Chairpersons.

Executive Committee

The Executive Committee is entrusted with the day-to-day powers delegated to it by the Board, as provided by article 14 of the articles of association.The members of the Executive Committee are appointed by the Board of Directors and comprise the Chairman of ALFI, the two Vice Chairmen, the Treasurer and the Director General. The mission of the Executive Committee includes the preparation and approval of the agenda for the meetings of the various ALFI bodies, the annual budget as well as urgent and other day-to-day matters.

Strategic Advisory Board

The Strategic  Advisory Board (“StratBo”) acts as an advisory body to the Board of Directors and a “ think tank” for strategic matters involving ALFI in both a national and international context. In addition, the StratBo identifies and monitors vital issues which are topics that are of crucial importance to the Luxembourg collective investment management industry.

Regulation Advisory Board

The Regulation Advisory Board (“RegBo"), composed of a small group of ALFI Board members, acts as an advisor on regulatory and prudential issues to the Board of Directors. The mission statement of the RegBo can be summarized as follows :

  • Identify, assess and monitor upcoming National and European draft regulations and consultations which have an impact on the Luxembourg fund industry and which require a position from ALFI;
  • Identify the topic which need to be addressed by ALFI and mandate a sub-committee or working group to prepare a draft position paper in close cooperation with the respective chairperson of a TC/Forum and the ALFI Secretariat.
  • Validate the draft ALFI position paper prepared by the relevant technical committees or ad-hoc working groups and submit the document for approval to the Board.

Technical Committees Chairpersons Group

The Technical Committees Chairpersons Group (“TCCG”)  is in charge of issue management, that is, the coordination, coaching, supervision and communication to ALFI members of the work of the Technical Committees, Sub-Committees, Working Groups and Forums. (For a detailed list please click here). The TCCG  is comprised of the Chairman, the two Vice  Chairmen, the Treasurer and the Chairpersons of the Technical Committees and the Forums.

Technical Committees & Forums

A great deal of ALFI's work is carried out in Technical Committees and Forums.  Members of these groups are representatives of ALFI members, contributing their experience on a voluntary basis.  Technical Committees have been set up to cover issues relating to a generic area of the fund industry. Within these areas, Sub-Committees focus on specific fields. Technical Committees and their Sub-Committees are appointed for an indefinite period. By contrast, Working Groups are created by committees to tackle specific topics and are generally limited in time. Some 800 ALFI Members currently donate their time and expertise to around 90 ALFI Committees, Sub-Committees and Working Groups for the benefit of the Luxembourg fund management industry.

Forums are not Technical Committees stricto sensu but rather platforms for experts to meet regularly, to exchange views on subjects of common interest and to analyze and monitor significant new developments in the area concerned.

Updated on  
Share |