Board mandate services and vacancies

About Aviva Investors

Aviva Investors is a global asset management business of Aviva plc that combines our insurance heritage, investment capabilities and sustainability expertise to deliver wealth and retirement outcomes that matter most to investors. Aviva Investors manages £227 billion (as at 31 December 2023) of assets.

About Aviva Investors Luxembourg (“AILX”)

AILX is a Management Company authorised under Chapter 15 of the law of 17 December 2010 and an alternative investment fund manager in accordance with the law of 12 July 2013.

Role Summary

As part of a managed succession planning process, Aviva Investors Luxembourg (“AILX”) are inviting applications for an Independent Non-Executive Director (“INED”) to be appointed to three debt securitisation vehicles (the “Appointment”) which are part of a Luxembourg alternative investment fund vehicle, managed by AILX as the Alternative Investment Fund Manager (“ AIFM”). They are investing into real estate, private corporate, infrastructure and renewable energy debt investments in the EU and UK.

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Candidate Profile  

In addition to having extensive experience in the Luxembourg funds industry and strong understanding of the AIFM regulatory environment, the successful candidate will have extensive experience and a proven track record as a Director of a Luxembourg -domiciled fund or Special Purpose Vehicle (“SPV”) Board.

Candidates must:

• Reside in the Grand Duchy of Luxembourg.
• Have open-ended fund experience linked to the alternatives / illiquid space (e.g., private equity, real estate or infrastructure).
• Have independent judgement skills and carefully consider/avoid any conflicts of interest.
• Have previous and /or current INED experience in a similar environment.
• Have a deep understanding of Luxembourg asset management sector and investment strategies, to enable them to scrutinise investment performance and challenge where needed.
• Fully and effectively discharge director responsibilities in accordance with all applicable regulatory requirements.
• Have experience in sustainable investing and be familiar with responsible investment themes within infrastructure / private equity investing, including how the EU's sustainability frameworks are involved as well as how sustainability considerations factor into the investment process.

Key responsibilities:

• Provide an objective, constructive and informed contribution from an external viewpoint on all matters presented to the Board.
• To challenge and/or question any portfolio management proposals where necessary.
• Bring independent judgement and wide / industry experience to bear on issues relevant to the fund and standards of conduct.
• To review and execute the corporate actions to include but not limited to loan note issuance and redemption (listed and unlisted), corporate changes, annual accounts approval and ad-hoc material restructurings on the investment portfolio.
• In addition to quarterly Board meetings in Luxembourg, the INED will attend ad hoc meetings as deemed necessary to consider and approve specific matters that cannot wait for scheduled meetings particularly when investments are needed.
• Uphold standards of compliance with associated legal and regulatory frameworks.
• Promote and uphold the highest standards of corporate governance and ethical practices.
• Monitoring financial information in consideration with internal controls environment and risk management.
• Provide constructive challenge along with an objective and informed contribution to the board’s decision-making processes.

Additional Information:

• The estimated time commitment for the Appointment is up to 120hours per annum.
• The location of Board meetings will typically be at the companies’ registered office in Luxembourg city. There may be occasions when there is a requirement to visit other locations. This role is compensated, and pre-agreed, reasonable travel expenses will be reimbursed.
  
  

Aviva is for everyone:

We are inclusive and welcome everyone – we want applications from people with diverse backgrounds and experiences. Excited but not sure you tick every box? Research tells us that women, particularly, feel this way. So, regardless of gender, why not apply.

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

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We’d love it if you could submit your application online. If you require an alternative method of applying, send an email to GlobalRecruitment@avivainvestors.com.