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.
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.
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.