The Association of the Luxembourg Funds Industry (ALFI) has re-elected Denise Voss to serve a further two years as chair of the board of directors.
Voss has been a member of the board since 2007. She was made vice-chair of international affairs in 2011, and has been chair since June 2015.
She has worked in the Luxembourg financial industry for over 25 years, and is currently conducting officer at Franklin Templeton Investments.
According to ALFI, Voss will continue to focus on fostering teamwork between the association’s various bodies, its general secretariat, and its many committees and working groups.
ALFI will also continue to focus on providing input to EU and non-EU regulatory consultations, and remaining in communication with European institutions and the Luxembourg government.
The potential effects of Brexit on the funds industry will also be high on the agenda over the next two years.
Voss also highlighted the importance of governance and the role of management companies.
She said: “It’s vital that ALFI continues to explain the delegation model that the Luxembourg fund industry has operated over the last 30 years since the introduction of UCITS.”
“The delegation model continues to be tried and tested in many industries throughout the world and in the case of UCITS brings the expertise of portfolio managers from around the world to investors in over 70 countries.”
ALFI has also modernised its statutes, following an extraordinary general membership meeting held before the annual general meeting.
Changes include the introduction of a limit to the number of consecutive terms board members may serve, and changes to the calculation principles for annual membership fees.
