ALRiM: Luxembourg Association
of Risk Management

GFR (Global Fund Risk) & ALRiM 𝗥𝗶𝘀𝗸 𝗔𝗰𝗮𝗱𝗲𝗺𝘆 : 𝑪𝒚𝒃𝒆𝒓 𝒓𝒊𝒔𝒌 Improve your expertise, join the session 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗜𝗖𝗧 𝗥𝗶𝘀𝗸𝘀 by November 25, 2025 𝘐𝘊𝘛 𝘳𝘪𝘴𝘬 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘪𝘴 𝘤𝘳𝘶𝘤𝘪𝘢𝘭 𝘧𝘰𝘳 𝘪𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘴 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘪𝘵 𝘩𝘦𝘭𝘱𝘴 𝘱𝘳𝘰𝘵𝘦𝘤𝘵 𝘴𝘦𝘯𝘴𝘪𝘵𝘪𝘷𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘦𝘯𝘴𝘶𝘳𝘦𝘴 𝘵𝘩𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘵𝘺 𝘰𝘧 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘣𝘺 𝘪𝘥𝘦𝘯𝘵𝘪𝘧𝘺𝘪𝘯𝘨, 𝘢𝘴𝘴𝘦𝘴𝘴𝘪𝘯𝘨, 𝘢𝘯𝘥 𝘮𝘪𝘵𝘪𝘨𝘢𝘵𝘪𝘯𝘨 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘵𝘩𝘳𝘦𝘢𝘵𝘴 𝘵𝘰 𝘵𝘩𝘦𝘪𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘴𝘺𝘴𝘵𝘦𝘮𝘴. 𝘌𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘰𝘧 𝘐𝘊𝘛 𝘳𝘪𝘴𝘬𝘴 𝘴𝘢𝘧𝘦𝘨𝘶𝘢𝘳𝘥𝘴 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘭𝘰𝘴𝘴𝘦𝘴, 𝘳𝘦𝘱𝘶𝘵𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘥𝘢𝘮𝘢𝘨𝘦, 𝘢𝘯𝘥 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘥𝘪𝘴𝘳𝘶𝘱𝘵𝘪𝘰𝘯𝘴, 𝘵𝘩𝘦𝘳𝘦𝘣𝘺 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘪𝘯𝘨 𝘵𝘳𝘶𝘴𝘵 𝘢𝘯𝘥 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘸𝘪𝘵𝘩 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴. 👨💼 David Hagen, HAGEN Advisory 🗓️ November 25, 2025, 09:00-12:00 🏨 Chambre des Métiers Luxembourg, 2, Circuit de la Foire Internationale L-1347 Luxembourg-Kirchberg To ensure efficient exchanges, sessions are limited to a maximum of 15 attendees! Take advantage of this opportunity to improve your knowledge of ICT Risk! More information: https://lnkd.in/eYQ9nfpx #RiskManagement #AML #CFT #FinanceEducation #LuxembourgFinance #Certification #FinancialSector #GFR #ALRiM #GFRALRiMRiskAcademy

ICMA - International Capital Market Association and ALRiM are pleased to announce a new course on Managing Operational Risk in Capital Markets - for more information visit https://bit.ly/47jwKwU Many thanks to the team at ALRiM including Luc Neuberg, PhD and Paul Keinbart for their hard work so far, we're looking forward to working with you!

GFR (Global Fund Risk) & ALRiM 𝐑𝐢𝐬𝐤 𝐀𝐜𝐚𝐝𝐞𝐦𝐲 Class sessions coming up in the next few weeks! Take advantage of these sessions to exchange with experts and get ready for the November GFR certification exam: - 𝘍𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯𝘴 𝘰𝘧 𝘙𝘪𝘴𝘬 𝘔𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (22/10/2025) - 𝘔𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘓𝘪𝘲𝘶𝘪𝘥𝘪𝘵𝘺 𝘙𝘪𝘴𝘬 𝘧𝘰𝘳 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (23/10/2025) - 𝘔𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘊𝘳𝘦𝘥𝘪𝘵 & 𝘊𝘰𝘶𝘯𝘵𝘦𝘳𝘱𝘢𝘳𝘵𝘺 𝘙𝘪𝘴𝘬 𝘧𝘰𝘳 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (24/10/2025) - 𝘗𝘭𝘢𝘺𝘦𝘳𝘴 𝘢𝘯𝘥 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘰𝘧 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (24/10/2025) - 𝘔𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘔𝘢𝘳𝘬𝘦𝘵 𝘙𝘪𝘴𝘬 𝘧𝘰𝘳 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (27/10/2025) - 𝘔𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘖𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘙𝘪𝘴𝘬 𝘔𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘧𝘰𝘳 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (28/10/2025) - 𝘔𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘚𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘙𝘪𝘴𝘬 𝘧𝘰𝘳 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴 (29/10/2025) More information and registration: www.riskacademy.lu #riskacademy #GFR #ALRIM #Certification #RiskManagement

We are pleased to invite you to the upcoming conference co-organized by GFR (Global Fund Risk), ALRiM and CFA Institute Luxembourg : 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 : 𝐑𝐢𝐬𝐤 & 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲. 𝐶𝑢𝑟𝑟𝑒𝑛𝑡𝑙𝑦, 𝐸𝑢𝑟𝑜𝑝𝑒 𝑖𝑠 𝑓𝑎𝑐𝑖𝑛𝑔 𝑖𝑡𝑠 𝑚𝑜𝑠𝑡 𝑐𝑜𝑚𝑝𝑙𝑒𝑥 𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑦 𝑙𝑎𝑛𝑑𝑠𝑐𝑎𝑝𝑒 𝑠𝑖𝑛𝑐𝑒 𝑡ℎ𝑒 𝐶𝑜𝑙𝑑 𝑊𝑎𝑟. 𝑇ℎ𝑖𝑠 𝑠ℎ𝑖𝑓𝑡 𝑚𝑎𝑟𝑘𝑠 𝑎 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑖𝑐 𝑝𝑖𝑣𝑜𝑡 𝑡𝑜𝑤𝑎𝑟𝑑 𝑟𝑒𝑎𝑟𝑚𝑎𝑚𝑒𝑛𝑡, 𝑖𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛 𝑖𝑛 𝑚𝑖𝑙𝑖𝑡𝑎𝑟𝑦 𝑡𝑒𝑐ℎ𝑛𝑜𝑙𝑜𝑔𝑦, 𝑎𝑛𝑑 𝑔𝑟𝑒𝑎𝑡𝑒𝑟 𝑎𝑢𝑡𝑜𝑛𝑜𝑚𝑦 𝑖𝑛 𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑦 𝑝𝑜𝑙𝑖𝑐𝑦. 𝐹𝑜𝑟 𝑡ℎ𝑒 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑚𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦, 𝑡ℎ𝑖𝑠 𝑝𝑜𝑡𝑒𝑛𝑡𝑖𝑎𝑙 𝑑𝑒𝑓𝑒𝑛𝑠𝑒 𝑠𝑢𝑝𝑒𝑟𝑐𝑦𝑐𝑙𝑒 𝑝𝑟𝑒𝑠𝑒𝑛𝑡𝑠 𝑏𝑜𝑡ℎ 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑖𝑒𝑠 𝑎𝑛𝑑 𝑟𝑖𝑠𝑘𝑠. 𝑇ℎ𝑖𝑠 𝑟𝑜𝑢𝑛𝑑 𝑡𝑎𝑏𝑙𝑒 𝑏𝑟𝑖𝑛𝑔𝑠 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟 𝑡ℎ𝑜𝑢𝑔ℎ𝑡 𝑙𝑒𝑎𝑑𝑒𝑟𝑠 𝑓𝑟𝑜𝑚 𝑑𝑒𝑓𝑒𝑛𝑠𝑒 𝑝𝑜𝑙𝑖𝑐𝑦, 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑎𝑛𝑑 𝑟𝑖𝑠𝑘 𝑚𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝑎𝑛𝑑 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑠𝑒𝑟𝑣𝑖𝑐𝑒𝑠 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑎𝑠𝑠𝑒𝑡 𝑚𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦 𝑡𝑜 𝑒𝑥𝑝𝑙𝑜𝑟𝑒 𝑡ℎ𝑒 𝑠ℎ𝑖𝑓𝑡𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦 𝑖𝑚𝑝𝑎𝑐𝑡𝑒𝑑 𝑏𝑦 𝑖𝑛𝑐𝑟𝑒𝑎𝑠𝑖𝑛𝑔 𝑑𝑒𝑓𝑒𝑛𝑠𝑒 𝑏𝑢𝑑𝑔𝑒𝑡 𝑡𝑟𝑎𝑗𝑒𝑐𝑡𝑜𝑟𝑖𝑒𝑠, 𝑠ℎ𝑖𝑓𝑡𝑖𝑛𝑔 𝑔𝑒𝑜𝑝𝑜𝑙𝑖𝑡𝑖𝑐𝑎𝑙 𝑎𝑙𝑙𝑖𝑎𝑛𝑐𝑒𝑠, 𝑎𝑑𝑣𝑎𝑛𝑐𝑒𝑑 𝑑𝑒𝑓𝑒𝑛𝑠𝑒 𝑠𝑦𝑠𝑡𝑒𝑚𝑠, 𝑐𝑦𝑏𝑒𝑟𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑦 𝑖𝑛𝑓𝑟𝑎𝑠𝑡𝑟𝑢𝑐𝑡𝑢𝑟𝑒 𝑎𝑛𝑑 𝑚𝑜𝑟𝑒. We are honored to welcome as keynote speakers and panelists: · Julien Malizard, French Institute for Higher National Defence Studies (Chaire Économie de défense - IHEDN) · Benjamin Gauthier, FRM, PwC · François Chauvet, Fair Cost Index (FCI) - APTIMUM CONSEIL · Andrew Ye, CFA, Global X ETFs · Jean-Hugues Lasbatre, Fair Cost Index (FCI) The conference will be chaired by Marc Fohr, CFA, GFR, and Luc Neuberg, PhD 🗓 Date: 27 October 2025 🕠 Time: From 6:30 pm to 8:30pm 📍Location: Le Royal Hotel Luxembourg, 12 Bd Royal, Luxembourg, Luxembourg 2449 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 : https://lnkd.in/ezsekdpP (Please mention on the CFA Institute ID: “ALRIM Member”) Please note that seats are limited. We will apply the “first come, first served” policy. #RiskManagement #ALRIM #GFR #CFA

Following the General Meeting, we are pleased to present the new ALRiM Board.  A huge thank you to our outgoing Directors: Laurent Berliner, Laurent Nihoul and Thomas Nummer for their support and contribution over the past few years. We are delighted to welcome Sarah Cardmarker, CAMS GFR, Frédéric Guilmin, and Jean-Philippe Peters to the Board. ALRiM will continue its mission to promote a culture of risk management through the organization of conferences, round tables, working groups, risk talks, participation in CSSF and ESMA technical committees, and through the various courses offered by the 𝐆𝐅𝐑 & 𝐀𝐋𝐑𝐈𝐌 𝐑𝐢𝐬𝐤 𝐀𝐜𝐚𝐝𝐞𝐦𝐲. Collaboration with financial institutions, non-profit organizations, companies, and regulatory bodies will remain a major asset in this mission. Join us and take advantage of all our events: www.alrim.lu #riskmanagement #ALRIM #Riskacademy

Looking forward to co-hosting and moderating this conference with  Luc Neuberg, PhD. One session I’m particularly interested in takes a step back from the usual “GenAI solves everything” narrative and explores where it can actually fail. Seats are still available — don’t wait to register!