Professional Training

What are the nature, scope and reach of the training activities undertaken by ALFI in collaboration with the House of Training?

With its extensive range of 52 fund industry related training modules covering fund industry basics as well as all aspects of the highly diverse investment fund value chain, ranging from a general introduction to Luxembourg funds to complex topics like Specificities of private debt strategies, ALFI contributes significantly to the continuous professional development of the Luxembourg fund industry professionals.

Worked out and delivered under the responsibility of ALFI’s Professional Training Committee in collaboration with the House of Training, these courses attract each year more than 1,200 participants fulfilling their professional obligation for continuous training or willing to validate experience by recognized certificates or to re-orientate their career path towards other, perhaps more promising areas of the industry.

How has the demand for training courses evolved over the last few years?

While the overall number of registrations has remained rather stable over the last years, the growth of the alternative investment fund sector since the entry into force of the AIFMD has led to a rising demand for training courses in the area of Private Equity and Real Estate funds. In parallel, and in line with industry trends, there is a new demand for more specialized modules (SuperManco, AIFMs, IFRS, international taxes...)

Which trends do you see for the near future and how do ALFI and the House of Training adapt their offer?

ALFI’s Professional Training Committee currently sees a clear trend towards training modules focusing on AIFMs and related support functions such as risk management and compliance. The Committee will strive to be agile and fast-delivering in the setting-up of new training modules allowing fund industry professionals to keep themselves abreast on new legal and regulatory developments, such as PRIIPs and MiFID 2.

Strategic co-operations with other industry representative associations (ALCO, …) are an interesting option to constantly keep both the diversity and the quality of the training courses on offer at high levels. It also ensures efficiency in avoiding duplicates in training offerings across the board.

Emmanuel Begat, ME Business Solutions S. à r. l.

Chairman of the ALFI Professional Training Technical Committee