Become a Fund Governance Expert
ILA has created the Fund Governance Masterclass, a programme which will dive participants into the practical world of being a Fund Governance Expert in Luxembourg. This intensive and interactive 80-hour training programme is conducted by Luxembourg practitioners and well-known experts.
The course is dedicated on the one hand to ILA Certified Directors wishing to develop a solid understanding of the Fund Governance framework and will lead to an additional and experienced sectorial certification; and on the other hand, to fund professionals who are eager to strengthen their skills in the Fund Governance area, and are aspiring to obtain a Fund Governance Diploma.
Main advantages of the Masterclass
Participants can attend either the full programme or the courses sperately. if they attend the complete masterclass, modules can be taken within a timeframe of
This certification is led by current practicioners , industry experts, and renowned guests.
The masterclass is open to:
- ILA certified directors,
- ILA members or non-members with at least 3 years of experience in the Fund industry as a Board member (executive or non-executive), or as a Conducting Officer or in a relevant executive management position.
Certified Directors wishing to obtain the Fund directors certification delivered by ILA will need to attend all modules.
Relevant visibility on ILA website and attendance to tailor made events with highly qualifed external speakers
Module 1 – General introduction to fund governance (2 days)
Module 2 – Governance of AIF and AIFM (1.5 days)
Module 3 –
Portfolio & risk management oversight for UCITS & Alternatives
Module 4 – Fund Administration, Depositary and Valuation (1 day)
Module 5 –
AML/CFT: key considerations for the Fund industry
Module 6 – The role of the auditor (0.5 day)
Module 7 – Marketing, distribution and transfer agency (1 day)
Module 8 – ESG developments for Fund Directors (0.5 day)
Module 9 – Technology challenges for Fund Directors (0.5 day)
Module 10 –
Fund Governance in Practice (1 day)
The topics covered
The course covers a wide variety of topics relevant to:
Investment funds, including both undertakings for collective investment in transferable securities (UCITS) and alternative investment funds (AIFs), covering both funds which may be marketed to the public and which may be marketed to certain types of investors.
Investment fund managers, including UCITS Management Companies and Alternative Investment Fund Managers (AIFMs).
The topics include a general introduction to fund governance, governance of investment funds and IFM, oversight of investment management, the role of the auditor, marketing, AML and ESG among others.
You will be led through key issues specific to exercising a Fund mandate in Luxembourg highlighting what the Luxembourg director should know and specifically challenge.
“Directors bear a huge responsibility towards investors, and this programme is there to better enable directors to face up to that challenge.”
“The simple aim is to work to ensure that fund directors’ expertise is as high as it can be, which is important given Luxembourg’s key role in the global fund industry.”
“The fund industry is one of the largest user of independent directors in Luxembourg. It makes sense to improve your skills in this exciting and growing sector.”
“The CSSF congratulates ILA for putting in place the Fund Governance Masterclass. The various modules of this 2 weeks program are all very appropriate and timely. Non-Executive and Independent Directors are key to ensure good governance so we welcome this program for Directors of investment funds and investment fund managers.”
“The Fund Governance Masterclass is a must for every fund director and conducting officer. I am in the fund industry for more than 20 years and I was previously conducting officer in a super ManCo, now acting as an independent non-executive director. This comprehensive course was a unique opportunity for in-depth thinking and exchange between fellow directors, professionals, and trainers, as well as a refresher of the large spectrum of obligations of Fund/ManCo boards. The large diversity and quality of the trainers and their presentations and case studies, as well as the perfect organization by the ILA team makes it an unforgettable experience. So go for it and don’t hesitate to actively participate, ask questions, share ideas to enrich the whole experience!”
“As an experienced INED, I’m always looking for training/certification that will provide new insights, forward looking, and experience sharing. This Fund Masterclass is answering all criteria, but on top allows a 360 view on all the do and don’t in many if not all topics a Fund director should be aware of. Furthermore, high level and deep knowledge of trainer with interactive session and many different case studies made it very interesting. I can only recommend attending it.”
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