Board of Directors
ALFI is governed by a board of directors (“Board of Directors” or “Board”), elected by members of the association for a period of two years. ALFI’s 29 board members are 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 wealth of experience to ALFI, while individual board members are active in ALFI’s 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 the designation of its chairpersons.
Executive Committee
An executive committee (“Executive Committee” or “ExCo”) is entrusted with the day-to-day powers delegated to it by the Board, as provided for in article 14 of the ALFI Articles of Association (subject to homologation by the court). The members of the Executive Committee are appointed by the Board and comprise the Chairperson of ALFI, its two Vice-Chairpersons, 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”) is a sub-board of ALFI that may be convened by the Board of Directors to contribute to specific strategic reflections or forward-looking initiatives.It operates on a mandate-specific basis, bringing together relevant expertise when needed. The StratBo is currently not active and has no standing membership. In the past, the StratBo has contributed to key initiatives such as the development of ALFI’s Ambition Papers.
Regulation Advisory Board
The Regulation Advisory Board (“RegBo”), composed of a small group of ALFI board members, acts as an advisor on regulatory and supervisory issues to the Board of Directors. The mission of the RegBo is to
- 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 topics 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, or head office.
- 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.