The Luxembourg Alternative Administrators Association (L3A) is pleased to welcome Osmia Consulting as a new Associate Member.
Read this short interview of Renaud Labye, Founder.
1° Can you outline the history and activity of your company in a few words?
As a newly incorporated company, we will not answer that question but focus on the next 3.
2° You have recently decided to join L3A - what are the key reasons behind this?
In the financial environment as we know, the exchange of expertise, best practices and ideas are essential to the development of Luxembourg. L3A is certainly a place of choice that allows those exchanges. Through our experienced and multi-disciplinary teams, we wish to contribute to these social interactions and idea sharing. We are convinced that it is through this type of forum that, together, we will be able to make our contribution to the financial structure of Luxembourg and its success.
3° What do you believe you can offer to L3A and the alternative administrator provider ecosystem?
We have a deep fund expertise including in AML/KYC topics, risk management, portfolio management and central administration. Our objective is to contribute to L3A's discussions to improve even more the functioning of the financial center. Our knowledge of the fund market and its regulatory aspects will certainly complement the expertise of other members providing an ever-broader understanding of financial subjects in general.
4° What do you see as the greatest opportunities offered by Luxembourg in the alternative administrator provider market? What are the main challenges to be tackled in order to capitalise on these opportunities?
Luxembourg, with, amongst other, its flexible toolbox and deep expertise of service providers, remains the jurisdiction of choice for alternative investment funds. But despite its numerous forces, Luxembourg is today sometimes struggling to find the right balance between (i) boosting the development and attractiveness of the financial sector and (ii) finding the proper level of regulation and supervision necessary for the proper functioning of its financial industry.
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