Board mandate services and vacancies

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Board mandate vacancies


THIRD PARTY MANAGEMENT COMPANY
(the “Company”)

Having the authorisation to manage both UCITS and AIFs (a so-called “Super ManCo”).
Managing around USD 15 bln of assets within approx. 100 AIF and UCITS sub-funds (EU and non-EU structures) (UCITS, AIF, RAIF, SIF) (SICAV and FCP), being one of the bigger third party management companies in Luxembourg.
Being part of an Asian headquartered financial group, the Company provides to third party fund initiators a “one-stop-shop” solution in cooperation with services offered by other entities within the Company’s group.
The Company has currently a vacancy in its Board of Directors for an:

Non-Executive Director (“INED”) (m/f)
(Ref: MPG2023)

Your principal responsibilities:

  • Act as Independent Non-Executive Director of the Company.
  • Be responsible, as Company Board Member, for establishing and approving (non-exhaustive list):
    • the guiding principles and strategies for central administration, internal governance, operational structure, information system, internal control functions, deontology, conflicts of interest, whistleblowing, ICT infrastructure, human resources, delegated activities, business development etc.;
    • the strategy of the Company’s own funds and liquidity requirements;
    • the investment strategies and risk profiles of the funds managed by the Company;
    • the adoption of a number of policies, like: risk management policy, compliance charter, internal audit charter, remuneration policy, marketing policy, accounting policy, valuation policy, AML policy etc.;
    • the promotion of an internal risk culture, promotion of a positive attitude towards internal control functions and stimulation of governance arrangements;
    • the consideration of all relevant tax matters with regard to the Company and with regard to the funds managed by the Company;
    • the activities as liquidator of funds managed by the Company.
  • Act, collectively with the other Board Members, as the person responsible for the compliance with professional obligations as regards the fight against money laundering (ML) and terrorist financing (TF), the so-called “RR”, covering both the Company and the FCPs for which the Company has been appointed the AIFM.
  • Act as the Chair of a sub-committee of the Company’s Board of Directors, of which the main purpose is to further improve, and make more efficient, the review and approval of the financial statements and the liquidator’s reports of the funds for which the Company has been appointed as management company or AIFM. 

Your profile:

  • You have the adequate professional experience as required by points 60 and 61 of Circular CSSF 18/698 on the Authorisation and organisation of investment fund managers incorporated under Luxembourg law (“Circular 18/698”).
  • You must ensure that your mandate with the Company is and remains compatible with your other professional occupations (if any), in line with point 67 of Circular 18/698. As such, you must avoid to have a (potential) conflict of interest to act as an INED of the Company.
  • You can dedicate the required time and attention to your duties as an INED of the Company, in line with points 68 to 72 of Circular 18/698. The Company organises on average 4 to 6 physical board meetings per year, and approx. 2 physical meetings of the sub-committee mentioned above.
  • You are domiciled in Luxembourg and able to commute to Company meetings, requiring the presence of Board Members, which are held in the Company’s offices in Luxembourg City.
  • You have a thorough knowledge of the Luxembourg regulatory environment, especially with regard to management companies (UCITS and/or AIFM).
  • You have relevant experience with regard to and/or knowledge of management companies (UCITS and/or AIFM), ideally third party management companies (e.g. as INED, as executive or non-executive director, or as conducting officer).
  • You have relevant experience with regard to and/or knowledge of Luxembourg investment funds (e.g. UCITS, AIF, RAIF, SIF).
  • You have relevant experience with regard to and/or knowledge of the European Sustainable Finance framework (ESG).
  • You have relevant experience with regard to and/or knowledge of alternative assets, especially private debt and/or private equity.
  • Holding an ILA Director Certificate or equivalent would be an advantage.
  • You are fluent in English, both written and spoken.


The appointment is expected to be completed mid 2023, subject to approval by the Company Board of Directors and by the Commission de Surveillance du Secteur Financier (CSSF).
If you are interested in taking up this opportunity, please send your application letter with detailed curriculum vitae to membership@ila.lu with reference “MPG2023”.


Nurole (on behalf of hiring organisation)

Hiring organisation is an authorised management company under chapter 15 of the Luxembourg Law of 17 December 2010 and alternative investment fund manager within the meaning of the law of 12 July 2013 and provides collective portfolio management services to UCIs. 

The Funds are Luxembourg-domiciled investment funds (SICAV Part I/II and SIF S.A.), including one umbrella with a number of share classes listed on the Luxembourg Euro MTF Stock Exchange. Another umbrella includes a sub-fund falling under ELTIF regulation. As externally-managed investment companies, the Companies have no employees and have delegated their significant functions to third party service providers, including the Authorised Management Company who acts as Management Company and Alternative Investment Fund Manager respectively.

The Board is looking to appoint a Non-Executive Director who would be able to take over as Chair of Audit following a handover period. The candidate must be Luxembourg-based and bring strong technical financial acumen in Luxembourg open-ended funds. 

Time commitment - 12-14 days per annum

Remuneration - €‎130,000 + €‎25,000 for chairing the Audit Committee

Application deadline - 13th February 

This process is being run by Nurole on behalf of the organisation - please contact alex.osborne@nurole.com if you would like more information. 

If you are a Nurole member, please click here to apply. If you are not a Nurole member, please click here to express your interest.



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