Conducting Officers Masterclass
This training is designed for newly appointed and experienced Conducting Officers of management companies, AIFMsseeking refresher or advanced regulatory updates. It also targets senior executives preparing for such roles, as well as board members and key control functions who need to understand and support the Conducting Officer’s responsibilities.
Training Objectives
The role of the Conducting Officer is a cornerstone of Luxembourg’s regulatory framework, anchored in CSSF Circular 18/698 and reinforced by Directive 2009/65/EC (UCITS IV) and Directive 2011/61/EU (AIFMD). Conducting Officers are responsible for ensuring sound governance, sufficient substance, and effective oversight of delegated activities. Additional expectations set out in various regulations highlight their accountability in governance, risk management, and operational resilience.
The aim of the training is to equip Conducting Officers with the regulatory knowledge and practical tools required to fulfil their governance, oversight, and accountability obligations under Luxembourg and EU regulations. It aims at strengthening their ability to implement robust governance frameworks, manage delegation effectively, oversee risks and compliance, and engage confidently with the Commission de Surveillance du Secteur Financier (CSSF).
Content
Main Facilitators
Cyril Cayez
Member of the IIA, ALCO and ALRIM, Cyril has been serving the Financial Services Industry for more than 19 years of which 14 in Luxembourg (Banks, PSF, Management Companies, UCITS and Alternative Funds).
Cyril is a Réviseur d’Entreprises in Luxembourg since 2010 and gained international experience in Singapore and France.
On top of his background as external audit and advisory Partner, Cyril brings actual experience from Internal Auditor, Risk Manager and Compliance Officer positions.
Cédric Leroy
Cédric is a Réviseur d’Entreprises Agréé in Luxembourg since 2012 and gained international experience in Luxembourg and in London in audit and tax matters within a “Big 4” serving important Swiss, US and UK origin Asset Managers mainly in mainstream fund and in the alternative world.
Cédric completed his experience with 4 years at the Commission de Surveillance du Secteur Financier (CSSF) by carrying out more than 20 on-site inspections on the governance of investment fund managers and covering legal and regulatory subjects including AML/CFT.
Cédric was also part of the Circulars CSSF 20/744, 21/789 and 21/790 writing and implementation process.
Géraldine Mascelli
Geraldine has over 25 years of professional experience in Luxembourg serving financial institutions, mainly in Banks as Asset servicers and Management Companies.
She started her robust experience in auditing and advising in a Big Four and then further developed her competencies by working in financial institutions, gaining solid experience in banks/Asset Servicers and Management Companies where she was responsible of Compliance and AML in executive roles (Conducting Officer/RC/RR).
Her career demonstrates deep expertise in regulatory oversight, governance and risk management and strategic decision-making, while also showcasing strong leadership in complex international environments.
