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By Christopher Purdy, Director of Greenfield Luxembourg
The European Union’s highly anticipated Alternative Investment Fund Managing Directive (AIFMD) came into effect in Luxembourg on 15th July this year. Many other member states will not incorporate it into their legal systems until mid-2014. As early adopters we in the Grand Duchy now have a chance to shape the topography of Europe’s financial sector. The response of the recruitment industry will be integral to this. It is vital that we take the lead. As we know, AIFMD has been introduced in response to the perceived need for more regulation following the 2008 crisis. It plugs gaps in the current regulatory system, so that fast-growing financial service companies are policed in the same way as investment...
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