With more than 27 years in finance, Laurent started at Fortis as a fund manager. He later assumed the role of risk manager at Fortis Group overseeing global operations.
In 2001, he transitioned to EY in Luxeembourg and became Partner in 2008, leading risk and advisory services. He held key roles like EY Global Fund Distribution Leader, overseeing global efforts in fund distribution services.
In 2017, he left EY to launch ume, a revolutionary due diligence platform for fund distribution delegates. It quickly gained global acclaim and prestigious awards, establishing itself as the leading industry platform.
Supervision of distribution networks entails costs for asset managers, yet it also represents an investment in accessing new markets. Nearly six years since the CSSF's comprehensive clarification of delegate supervision requirements, the Luxembourg market has witnessed a significant evolution in the approach to the management of distribution channels. This evolution has led to more streamlined distribution networks, characterised by widely accepted market standards regarding information provision and increased responsiveness from distributors. These developments were driven to a no mean extent by increased use of due diligence platforms and other technological innovations. Will the introduction of the exemption for MiFID distributors and insurance intermediaries under AIFMD 2/UCITS VI mark another important milestone? What other developments lie on the horizon? Our experts will provide updates on the latest trends in the supervision of distribution networks, offering insights from the perspectives of their respective organisations.
Director