Franklin Templeton was our host for this in-person meeting, and it was held in conjunction with the Luxembourg fund association ALFI. Franklin Templeton was our host for this in-person meeting, and it was held in conjunction with the Luxembourg fund association ALFI.
We welcomed Marco Zwick, director of the Luxembourg regulator, CSSF, who participated in a ‘fireside’ chat with FBC’s Philip Warland. Followed by a panel discussion, hosted by Sheenagh Gordon-Hart, a portfolio iNED and partner in The Directors’ Office. Our panellists included Craig Blair, CEO, Franklin Templeton Luxembourg, Corinne Lamesch, Country Head, Luxembourg at Fidelity International and chair of ALFI, and Emmanuel Gutton, Director of Tax and Legal, ALFI. The day will close with FBC’s Brandon Horwitz summarising some of the key themes from FBC’s cross-jurisdictional research into the roles and responsibilities of fund boards directors on ESG.
All FBC corporate members can access the recording of the event on-demand in the Member Portal.
Contributors
Marco Zwick has been appointed as director of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), on 1 September 2018. He is predominantly in charge of the regulation and supervision of the investment fund industry and of the specialised professionals of the financial sector.
Marco Zwick has held various functions in the financial sector since 1989, including being the Head of Compliance of Deutsche Börse Group and Head of Compliance and Risk, EMEA, for Schroders prior to joining RBC Investor Services Bank in May 2015, where he was a member of the executive committee and headed the Compliance functions in Europe and Asia and AML for I&TS globally.
He has been chairing the AML Working Group of ALFI until his appointment as director of the CSSF.
Marco was the president of the Luxembourg Association of Risk Management (ALRiM) from 2010 to 2016 and a member of the board of the Economist Club in Luxembourg until 2011. He is fluent in English, German, French and Luxembourgish.
Sheenagh Gordon-Hart is a partner in The Directors’ Office in Luxembourg, serving as an independent director on a number of boards in the asset management sector. She has a particular interest in regulation, governance and distribution. Prior to joining The Directors’ Office, she was Client & Industry Research Executive at J.P. Morgan Investor Services, with responsibility for regulatory strategy advising clients including asset managers, pension funds and insurers on market developments, and regulatory policy impacting their businesses. Prior to joining J.P. Morgan she ran her own investment and distribution consulting business for several years after gaining experience of portfolio management, marketing and product development at Prudential Portfolio Managers, Capel-Cure Myers (ANZ Merchant Bank) and Prolific. She has extensive experience of asset management sectors in Asia, Europe and the US. In addition to serving as an independent director, she is Regulatory Adviser to Radar.
Craig Blair is General Manager, Conducting Officer and Board Member of Franklin Templeton International Services, S.à r.l. (“FTIS”). Mr. Blair has worked in the global financial services industry for over 16 years, holding various responsibilities in the Luxembourg, UK, Irish, Eastern European and Brazilian asset management industries. As Head of FTIS, he is responsible for the day-to-day operations of the corporate entity and EU wide branch structure and leads a team of nine conducting officers that ensure management services and delegation oversight responsibilities are performed for a number of UCITS and Alternative Investment Funds. He has a broad knowledge of fund governance practices in open and closed end fund vehicles, including former experience as a designated person for an Irish self-managed investment company, as well as extensive experience of servicing boards and board committees of globally distributing SICAV and FTSE listed investment trust vehicles. He currently also sits on the Board of the Association of the Luxembourg Fund Industry (ALFI) and co-chairs the ALFI Management Company Technical Committee.
Corinne Lamesch is the Chair of the Association of the Luxembourg Fund Industry (ALFI) since June 2019.She is a regular speaker at industry events and has been actively participating in conferences and roadshows that ALFI is organising in Luxembourg and across the globe. Corinne is Country Head, Luxembourg at Fidelity International and has over 20 years of experience in the Luxembourg fund industry.
She joined Fidelity International in 2008 and has also acted as Conducting Officer of Fidelity International’s Luxembourg-based management company since 2015. Prior to joining Fidelity International, Corinne worked as a lawyer for Clifford Chance and Allen & Overy from 1998 to 2008, advising on the Luxembourg and international investment fund industry. Corinne holds two Masters in Law from Université Robert Schuman, Strasbourg and New York University School of Law. She was admitted as a lawyer to the Luxembourg Bar (1999-2008) and to the New York Bar (since 1998).
Mr Gutton was Head of Legal and Conducting Officer at Pictet AssetManagement (Europe) S. A., a Luxembourg UCITS management company and AIFM, from 2016.
Prior to joining Pictet, Mr Gutton worked for more than ten years as a lawyer (Luxembourg Bar and Paris Bar), concentrating his practice on collective investment funds and management companies. He worked as Counsel at Elvinger Hoss and in September 2012 relocated to Hong Kong to launch Elvinger Hoss’ office there, returning to Luxembourg in September 2015. Previously, Mr Gutton had worked as a lawyer at Linklaters in Luxembourg and De Pardieu Brocas Maffei in Paris.
Mr Gutton holds a Master’s degree in Law from the University Paris II Panthéon-Assas (France) and a Master’s Degree in International Business Law and Management from the Ecole des Hautes Etudes Commerciales (HEC), Paris in partnership with the Ecole Supérieure de Commerce de Paris (ESCP). He speaks French and English.
Philip Warland spent the first part of his career in the Bank of England. He was the Governor’s Private Secretary, Adviser on Oil and Energy and Chief Press Officer amongst other roles. After a brief time with Standard Chartered the rest of his career has been in asset management. First as head of the trade association, now the IA. Then with PWC, and a head-hunter Halsey, and finally with Fidelity where he was Head of Public Policy. Currently, he is a part time adviser to a Brussels based policy consultant, Kreab. He also was the founding chairman of the Oasis Trust which, amongst other things manages fifty-two City Academies and works in eleven countries worldwide.
