Michael Derwael is Senior Director Independent Risk for MFS Investment Management with multi-jurisdictional coverage, Luxembourg Country Head and Conducting Person in charge of Risk Management and Valuation for the Luxembourg-based management company. He has been with MFS since 2019. He has 20+ years’ experience in the financial industry and, prior to joining MFS, helped build up risk practices at Lombard Odier Investment Managers, Luxcellence, Amundi and Quintet. Michael is a founding member of GFR, an ALRiM board member and co-chair of the ALFI Liquidity Risks working group. He is a trainer at House of Training and holds the GFR, FRM and CEFA certifications.
The notion of “value for money” is being shaped by emerging requirements, supervisory practices, and industry implementations. Real-life examples, such as the ESMA cost data collections, indicate that value for money is getting under close scrutiny. Since investor protection is the central tenet of the independent risk management function, risk managers put this notion into concrete implementation. After reviewing the various requirements, the panellists will highlight what is does or should fall within the remit of the risk managers. Once the risk management topics are identified, the session will focus on reviewing concrete controls processes and monitoring procedures.
Founder, CEO
Global Independent Risk Officer
Risk Manager
Head of Permanent Risk Management Function