Association of the Luxembourg Fund Industry
Topic: Organization
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The Association of the Luxembourg Fund Industry (ALFI) is a non-profit-making association who is the representative body of the Luxembourg investment fund community. Created in 1988, the Association today represents over 1,400 Luxembourg domiciled investment funds, asset management companies and a wide range of service providers such as depositary banks, fund administrators, transfer agents, distributors, law firms, consultants, tax experts, auditors and accountants, specialist IT providers and communication companies. ALFI is an active member of EFAMA, the European Fund and Asset Management Association,[1] the European Federation for Retirement and IIFA, the International Investment Funds Association. As of 17 June 2015 its chairman is Denise Voss, Conducting Officer at Franklin Templeton Investments Luxembourg.[2]
The Luxembourg Fund industry is the largest fund domicile in Europe and a worldwide leader in cross-border distribution of funds. Luxembourg-domiciled investment structures are distributed on a global basis in more than 70 countries with a particular focus on Europe, Asia, Latin America and the Middle East.
ALFI actively promotes the Luxembourg investment fund industry, its products and its services. It represents the sector in financial and in economic missions organised by the Luxembourg government around the world and takes an active part in meetings of the global fund industry.
Membership
Membership of ALFI is open to investment funds and investment fund service providers, both of which must be established and authorised to carry out their activities in Luxembourg.
Eligible investment funds are Undertakings for Collective Investment (UCI) and other regulated investment vehicles. Eligible fund service providers include but are not limited to companies such as custodian banks, fund administrators and managers, transfer agents, distributors, legal firms, consultants, tax offices, auditors and accountants, IT providers and communication companies.
Associate membership is also available to foreign entities provided that they offer services to members.
As of March 2018, there were 1,031 member funds, 348 service providers and 31 associate members.[3]
Aims and purpose
ALFI defined its five key objectives as follows:
- Ensure UCITS remains the best-in-class for investor protection;
- Help fund managers and institutional investors to leverage the development of regulated European alternative funds, with AIFMD;
- Stimulate innovation within the funds industry;
- Facilitate cross-border fund distribution;
- Ensure Luxembourg remains the partner of choice for the asset management industry
ALFI actively promotes the Luxembourg investment fund industry, its products and its services. It represents the sector in financial and economic missions organised by the Luxembourg government around the world and takes an active part in meetings of the global fund industry.
Chairman of the board [4]
| Pierre Vansteenkiste | 1988 to 1992 |
| Patrick Zurstrassen | 1992 to 1995 |
| Rafik Fischer | 1998 to 2001 |
| Guy Legrand | 2001 to 2003 |
| Thomas Seale | 2003 to 2007 |
| Claude Kremer | 2007 to 2011 |
| Marc Saluzzi | 2011 to 2015 |
| Denise Voss [5] | 2015 to 2019 |
References
- ↑ "EFAMA list of members". Archived from the original on December 26, 2008. https://web.archive.org/web/20081226131038/http://www.efama.org/index.php?option=com_content&task=view&id=13&Itemid=38. Retrieved August 24, 2009.
- ↑ "ALFI appoints Denise Voss as Chairman". http://www.alfi.lu/node/2958.
- ↑ "ALFI member company directory". http://www.alfi.lu/about-alfi/member-company-directory. Retrieved May 15, 2018.
- ↑ "Annual report ALFI 2012-2013". http://www.alfi.lu//sites/alfi.lu/files/files/Annual%20report/ALFI-AR-2012-2013.pdf. Retrieved May 15, 2018.
- ↑ "Press release : Denise Voss re-elected as alfi chairman". http://www.alfi.lu/node/3533. Retrieved May 15, 2018.
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