5th Cross-border conference - The changing landscape of fund distribution

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5th Cross-border conference - The changing landscape of fund distribution

Press Release

Tuesday 7 February 2017

As investor demands and regulations are on the rise and Brexit is shaking the industry, fund industry professionals turned to the fifth Cross-Border Distribution Conference for thorough discussions on the way ahead.

Deloitte Luxembourg and Elvinger Hoss Prussen gathered around 500 senior fund professionals at the fifth annual Cross-Border Distribution Conference at the European Convention Center last Wednesday. The conference, which this year again was supported by Financial Times Live, gave the participants a comprehensive view of the current challenges facing the fund industry, with a renewed focus on the role of investors.

The conference has become an important forum for discussion for fund professionals in Luxembourg and beyond. The current political context led the Luxembourg Minister of Finance Pierre Gramegna to call for open borders and business collaboration in his closing remarks.

Agility first

Through six panel discussions and several keynote speeches, high-profile industry professionals shared their views on how to capitalize on the current regulatory and political environment to create opportunities and value in the future.

“RegTech and the ongoing digitalization of distribution activities—combined with an unexpected political context—are reshaping the fund industry. In a world of low income and highly regulated activities, innovative thinking will create a competitive advantage in fund distribution as in other industries. Our goal with this conference is to provoke debate and new thinking,” explained Lou Kiesch, Partner at Deloitte Luxembourg and co-host of the conference.

The conference offered a variety of perspectives on meeting investor expectations in a low-growth world, managing liquidity risk, new product development and progress toward CMU, and highlighted how technology is transforming the business of investment. The last and much anticipated panel dedicated to Brexit discussed the possible implications of Brexit on distribution and fund passporting. The overall message from the many panel discussions was that to thrive in this evolving environment, the cross-border fund industry will need to demonstrate innovation, agility, and transparency.

“Brexit has created an environment in the EU which we would certainly have preferred not to have arisen, but Luxembourg provides solutions that are looked upon favorably by UK asset managers, as such solutions aim at minimizing disruption in the way in which those managers currently operate,” commented Jacques Elvinger, Partner at Elvinger Hoss Prussen and co-host of the conference.

A-list speakers

The list of speakers included more than 30 internationally renowned figures, including eminent industry professionals, asset managers, regulators, policy makers, political figures and other thought leaders.

For more information on the Cross-Border Distribution Conferences, please visit:
https://www.cross-border.lu/.

About Deloitte

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Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 225,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.

About Deloitte in Luxembourg

In Luxembourg, Deloitte consists of 90 partners and over 1,800 employees and is amongst the leading professional service providers on the market. For over 65 years, Deloitte has delivered high added-value services to national and international clients. Our multidisciplinary teams consist of specialists from different sectors and guarantee harmonized quality services to our clients in their field. Deloitte General Services, société à responsabilité limitée, is an affiliate of the Luxembourg member firm of Deloitte Touche Tohmatsu Limited, one of the world’s leading networks of professional services firms.
© 2017 Deloitte Luxembourg.

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Deloitte Luxembourg - Marketing & Communications
lupress@deloitte.lu

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