ALFI launches annual report under refreshed leadership

This is the first annual report released under ALFI’s new leadership, following the appointments of Serge Weyland as CEO in January 2024 and the election of Jean-Marc Goy as Chairperson in June 2023. A new Board of Directors has also been elected in June 2023.

ALFI has undergone notable changes over the last 12 months, including the restructuring of its board to make it more inclusive and representative of the broader asset management industry including alternatives as well as leadership changes. The report, which includes video and podcast interviews with ALFI’s senior team, details ALFI’s engagement throughout the year with legislators, policy makers, regulators and the industry to deliver on its priorities.

Key statistics on ALFI’s activities include:

• Events: 48 events held throughout the year, with over15,000 registrants, including the inaugural Global Asset Management Conference in March 2024.
• Publications: 3 annual studies - the REIF Survey, ALFI/KPMG Private Debt Funds Survey, and the ALFI/Broadridge Cross-border Distribution of Investment Funds Study.
• Consultations: Responses to 27 consultations on regulatory and industry topics including the AIFMD review, SFDR, MiCA and DORA.
• Working groups and committees: 158 technical committees and working groups held 564 meetings during the period, involving 1,728 professionals.

Standout statistics on the state of the Luxembourg fund industry include:

• Net assets under management in Luxembourg funds grew to €5,485 billion in March 2024, the highest level since 2021.
• Approved alternative investment funds meanwhile continued to grow increasing by 4.5% to €994 billion as of December 2023.
• Luxembourg remains the leader in global cross-border fund registrations with a market share of 54.6%, and dominates ELTIF registrations, accounting for 70% of Europe’s market share.

Serge Weyland, CEO, commented: “ALFI’s priorities focused on four main pillars: shaping regulation, developing best practices, identifying new business opportunities, and promoting Luxembourg internationally. Efforts in shaping regulation included significant work on AIFMD II and ELTIFs, which are expected to impact the industry heavily but also create opportunities. In terms of best practices, ALFI worked with partners like the ABBL to navigate regulations such as DORA.”

Jean-Marc Goy, Chairperson, added: “Luxembourg’s aim is to enhance its competitiveness to continue to be the world’s leading cross-border domicile for investment management activities for a very broad range of investment strategies and asset classes. The country is addressing challenges in talent retention and attraction and leveraging its central European location to draw in expertise from across the region. With the investors’ best interests in our central focus, ALFI will keep up efforts to contribute to further developing our industry.

Read the ALFI Annual Report 2023-2024 online or download a pdf version.

For more information, please contact:

Luis Salerno
ALFI Head of Communications
luis.salerno@alfi.lu