Management company branch oversight

• ManCo/AIFM conducting officers/directors
• ManCo/AIFM board members
• ManCo/AIFM oversight officers

Many Luxembourg management companies have branches, notably in Europe. The CSSF highlighted the importance of an effective oversight of these branches. However, implementing an effective branch oversight remains a challenge for many management companies.
In this context, PwC Academy has developed a training programme providing participants with the right level of knowledge along with a set of tools and techniques allowing them to get up to speed and be well-prepared to meet the expectations of the regulator.

This training programme has been developed to provide practical examples for direct implementation across various functions within management companies.

Starting with the participants' company operating model, our expert will illustrate using examples.

By the end of this training, participants will be able to:

• understand the essential elements of the branch oversight framework;
• understand practical aspects of key functions in branch oversight (portfolio management, risk management, compliance, etc).

• Essential elements of the branch oversight framework
• Practical aspects of the branch oversight for:
  • Portfolio management
  • Distribution
  • Central administration
  • Risk management
  • Compliance
  • Internal audit
  • Information technology
  • Corporate accounting

This training is coordinated by Anthony Bianco, Partner and Claudia Tripodo, Director at PwC Luxembourg.

• Anthony is a partner at PwC Luxembourg, co-leading Internal Audit and Regulatory Advisory services for Financial Sector clients, including Asset Management and Banks. With over 18 years of experience in internal and external audit, he holds a Certified Internal Auditor (CIA) qualification. Anthony oversees numerous compliance and regulatory advisory projects within the Asset Management and Alternatives industries, focusing on CSSF inspection preparation, licensing processes, compliance methodologies, and policy development. His expertise spans Internal Audit, Asset Management, Regulatory Compliance, and AML/CFT/KYC, with notable client projects involving management companies, alternative investment fund managers, specialised PFS, fund administrators, registrar agents, and depositary banks.
• Claudia is a director in the Regulatory Compliance Advisory Department at PwC Luxembourg, with over six years of experience in the asset and wealth management industry. She specialises in fund set-up, regulatory maintenance, restructuring projects, licensing of financial sector professionals and management companies, and reviewing management company activities to ensure compliance with regulatory requirements. Her responsibilities include drafting and reviewing fund documentation, management policies, and CSSF intermediation, as well as conducting gap analyses and remediation plans for new laws and regulations. Claudia has led key projects involving UCITS and alternative investment funds, sustainable finance, regulatory updates, and has delivered internal and external training sessions.