Luxembourg Investment Funds Association (ALFI) has appointed Guy Legrand as its new president and appointed a new board of directors.
Legrand - who has been responsible for business and international development of Dexia Fund Services since July 2000 - succeeds Rafik Fischer whose three year contract with ALFI has ended.
The board, which has been expanded from 18 members to 24 this year, consists of new additions Christoph Cramer of Union Investment; Eric van de Kerkhove of Deloitte & Touche; Freddy Brausch of De Badnt, Van Hecke, Lagae, Loesch; Bayern LB International Fund Management’s Guy Schmit; KPMG’s John Li; Julian Presber, State Street Bank Luxembourg; Marc Saluzzi of PricewaterhouseCoopers; and Thomas Seale, EFA.
Banque Degroof Luxembourg’s Jean-Michel Gelhay - who preceded Fischer as president - is also appointed as a director.
The arrangements will be reviewed after two years.
*According to the association, ALFI represents more than 70% of all Luxembourg-based net assets under management.
By Madhu Kalia
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