ALFI Global Distribution Conference
A whole world of Luxembourg funds
Geoff Radcliffe, Managing Director, BlackRock is a member of BlackRock’s Global Accounting and Product Services team, heading Product Oversight & Governance for all of BlackRock’s fund products in EMEA & AsiaPac. The EMEA population is 1,400 funds with fund assets, primarily in UK, Luxembourg & Ireland, exceeding US$1.6 trillion. AsiaPac is around a further 450 funds. He leads teams in 11 countries which focus on change management, exception management and risk management. He joined BlackRock in 1998 and has 40 years of fund, accounting and banking experience gained in Luxembourg, Bermuda, London and Isle of Man. He is a chartered accountant, resident in Luxembourg, heads the BlackRock Luxembourg office and is a director of BlackRock funds and group companies. He served on the ALFI board of directors for 10 years to June 2023 and continues to lead key ALFI working groups.
Speaking at
The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) each issued global consultation reports in July 2023 for response by 4 September 2023. The policymakers' perspective is that open-ended funds can collectively generate systemic risk to financial stability via liquidity mismatch. Recommendations include liquidity bucketing and greater inclusion and more consistent use of liquidity management tools (LMT) in both normal and stressed market conditions. This panel will consider how we have arrived at the present position and what impacts could follow for global fund regulation and business practice going forward.
Managing Director
Chief Counsel, Investment Management.
Head of Division
Head of Asset Management Policy