ALRiM: Luxembourg Association
of Risk Management

$𝟏𝟎.𝟏𝐛𝐧 𝐢𝐧𝐟𝐥𝐨𝐰𝐬: 𝐃𝐞𝐟𝐞𝐧𝐜𝐞 𝐠𝐨𝐞𝐬 𝐜𝐨𝐫𝐞 𝐚𝐬 𝐄𝐒𝐆 𝐬𝐭𝐢𝐠𝐦𝐚 𝐜𝐫𝐮𝐦𝐛𝐥𝐞𝐬 Many thanks to Sylvain Barrette. CFA for this excellent article ✒️ following our conference “𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 : 𝐑𝐢𝐬𝐤 & 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲” co-organized by GFR (Global Fund Risk), ALRiM and CFA Society Luxembourg. #EuropeanDefence #Investment #AssetManagement #RiskManagement #Regulation #DefenseFinance #Geopolitics #Innovation #PwC #FCI #IHEDN #SustainableInvestment #FinancialServices https://lnkd.in/e4J5d_in

Nous avons le plaisir de vous inviter à la conférence coorganisée par GFR (Global Fund Risk), ALRiM (Association Luxembourgeoise de Risk Management) et EY Luxembourg:             « 𝑹𝒊𝒔𝒒𝒖𝒆𝒔 𝒆𝒕 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒂𝒃𝒊𝒍𝒊𝒕𝒆́𝒔 𝒅𝒆𝒔 𝑨𝒅𝒎𝒊𝒏𝒊𝒔𝒕𝒓𝒂𝒕𝒆𝒖𝒓𝒔 𝒅’𝑨𝑺𝑩𝑳 » 𝐿𝑒 𝑡𝑟𝑎𝑣𝑎𝑖𝑙 𝑑𝑒𝑠 𝐴𝑆𝐵𝐿 𝑒𝑠𝑡 𝑒𝑠𝑠𝑒𝑛𝑡𝑖𝑒𝑙, 𝑐ℎ𝑎𝑐𝑢𝑛𝑒 𝑎𝑝𝑝𝑜𝑟𝑡𝑎𝑛𝑡 𝑢𝑛𝑒 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑝𝑟𝑒́𝑐𝑖𝑒𝑢𝑠𝑒 𝑎̀ 𝑙𝑎 𝑠𝑜𝑐𝑖𝑒́𝑡𝑒́ 𝑙𝑢𝑥𝑒𝑚𝑏𝑜𝑢𝑟𝑔𝑒𝑜𝑖𝑠𝑒 𝑑𝑎𝑛𝑠 𝑑𝑒𝑠 𝑑𝑜𝑚𝑎𝑖𝑛𝑒𝑠 𝑡𝑒𝑙𝑠 𝑞𝑢𝑒 𝑙𝑎 𝑐𝑢𝑙𝑡𝑢𝑟𝑒, 𝑙’𝑒́𝑑𝑢𝑐𝑎𝑡𝑖𝑜𝑛, 𝑙𝑎 𝑠𝑜𝑙𝑖𝑑𝑎𝑟𝑖𝑡𝑒́ 𝑜𝑢 𝑙’𝑒𝑛𝑣𝑖𝑟𝑜𝑛𝑛𝑒𝑚𝑒𝑛𝑡. 𝐿𝑎 𝑔𝑒𝑠𝑡𝑖𝑜𝑛 𝑑𝑒𝑠 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑒𝑠𝑡 𝑑𝑜𝑛𝑐 𝑝𝑟𝑖𝑚𝑜𝑟𝑑𝑖𝑎𝑙𝑒 𝑝𝑜𝑢𝑟 𝑔𝑎𝑟𝑎𝑛𝑡𝑖𝑟 𝑙𝑎 𝑝𝑒́𝑟𝑒𝑛𝑛𝑖𝑡𝑒́ 𝑑𝑒 𝑙𝑒𝑢𝑟𝑠 𝑎𝑐𝑡𝑖𝑜𝑛𝑠 𝑒𝑡 𝑙𝑎 𝑏𝑜𝑛𝑛𝑒 𝑢𝑡𝑖𝑙𝑖𝑠𝑎𝑡𝑖𝑜𝑛 𝑑𝑒𝑠 𝑟𝑒𝑠𝑠𝑜𝑢𝑟𝑐𝑒𝑠 𝑚𝑖𝑠𝑒𝑠 𝑎̀ 𝑑𝑖𝑠𝑝𝑜𝑠𝑖𝑡𝑖𝑜𝑛. 𝐿𝑎 𝑛𝑜𝑢𝑣𝑒𝑙𝑙𝑒 𝑙𝑜𝑖 𝑠𝑢𝑟 𝑙𝑒𝑠 𝐴𝑆𝐵𝐿 𝑐𝑜𝑛𝑓𝑖𝑟𝑚𝑒 𝑙𝑎 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑎𝑏𝑖𝑙𝑖𝑡𝑒́ 𝑑𝑒𝑠 𝑎𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑒𝑢𝑟𝑠, 𝑞𝑢𝑖 𝑑𝑜𝑖𝑣𝑒𝑛𝑡 𝑣𝑒𝑖𝑙𝑙𝑒𝑟 𝑎̀ 𝑢𝑛𝑒 𝑔𝑜𝑢𝑣𝑒𝑟𝑛𝑎𝑛𝑐𝑒 𝑝𝑟𝑢𝑑𝑒𝑛𝑡𝑒 𝑒𝑡 𝑎𝑛𝑡𝑖𝑐𝑖𝑝𝑒𝑟 𝑙𝑒𝑠 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑒𝑟𝑠, 𝑜𝑝𝑒́𝑟𝑎𝑡𝑖𝑜𝑛𝑛𝑒𝑙𝑠, 𝑗𝑢𝑟𝑖𝑑𝑖𝑞𝑢𝑒𝑠 𝑒𝑡 𝑟𝑒́𝑝𝑢𝑡𝑎𝑡𝑖𝑜𝑛𝑛𝑒𝑙𝑠. 𝐿𝑎 𝑐𝑜𝑛𝑓𝑒́𝑟𝑒𝑛𝑐𝑒 𝑎𝑏𝑜𝑟𝑑𝑒𝑟𝑎 𝑙𝑒𝑠 𝑝𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑢𝑥 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑎𝑢𝑥𝑞𝑢𝑒𝑙𝑠 𝑙𝑒𝑠 𝐴𝑆𝐵𝐿 𝑠𝑜𝑛𝑡 𝑐𝑜𝑛𝑓𝑟𝑜𝑛𝑡𝑒́𝑒𝑠 𝑎𝑖𝑛𝑠𝑖 𝑞𝑢𝑒 𝑙𝑒𝑠 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑎𝑏𝑖𝑙𝑖𝑡𝑒́𝑠 𝑙𝑒́𝑔𝑎𝑙𝑒𝑠 𝑒𝑡 𝑝𝑟𝑎𝑡𝑖𝑞𝑢𝑒𝑠 𝑑𝑒𝑠 𝑎𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑒𝑢𝑟𝑠 𝑑𝑎𝑛𝑠 𝑐𝑒 𝑛𝑜𝑢𝑣𝑒𝑎𝑢 𝑐𝑎𝑑𝑟𝑒. La conférence sera relevée de la présence des orateurs et panelistes :  ·       Mme Djuna Bernard, Députée, déi gréng ·       Mme Tanja F., Présidente Sichhënn asbl ·       Mme Corinne Lamesch, Deputy CEO, former President ALFI - Association of the Luxembourg Fund Industry ·       Mme Claudia Monti, Présidente HUT - Hëllef um Terrain ·       Mr Philippe Goutière, CFA, Managing Partner ABIL S.A. ·       Mr Laurent Mosar, Député, CSV ·       Mr Yves Wagner, Président ACL - Automobile Club du Luxembourg La conférence sera présentée et présidée par Mr Charles Muller et Mr Luc Neuberg, PhD 🗓 𝐃𝐚𝐭𝐞: 11 Novembre 2025 🕠 𝐇𝐨𝐫𝐚𝐢𝐫𝐞: de 5:30 pm to 7:30 pm 📍𝐋𝐢𝐞𝐮: EY Luxembourg, 35E Av. John F. Kennedy, 1855 Kirchberg Luxembourg 𝐄𝐧𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐞𝐦𝐞𝐧𝐭 : https://lnkd.in/eF66wRcZ Veuillez noter que les places sont limitées. Nous appliquerons la politique du « premier arrivé, premier servi ».   #RiskManagement #ALRIM #GFR #EY #ASBL

🚀 Event Recap:  “𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 : 𝐑𝐢𝐬𝐤 & 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲” Yesterday, October 27, 2025 | 📍 Hotel LeRoyal Hosted by GFR (Global Fund Risk), ALRiM & CFA Institute Luxembourg More than 100 professionals from across Luxembourg’s financial sector joined us to explore the fast-evolving investment landscape in European defense and its risks and opportunities for the asset management industry.   Julien Malizard (Institut des hautes études de défense nationale (IHEDN)) presented key findings on “Rethinking Defense Financing in the Macroeconomic Context” offering a powerful perspective on the economic dynamics driving Europe’s strategic autonomy. Benjamin Gauthier, FRM (PwC) shared valuable context and observations on how regulatory shifts and geopolitical developments are redefining risk frameworks and investment strategies across Europe. Jean-Hugues Lasbatre (Fair Cost Index (FCI) contributed deep insights on “Constructing European Defense Indices" highlighting the analytical and methodological frameworks shaping this emerging asset class. A dynamic panel discussion followed, moderated by Prash Chandrasekhar CFA and Luc Neuberg, PhD, PhD (GFR, ALRiM), featuring: Andrew Ye, CFA, Global X ETFs Julien Malizard, Institut des hautes études de défense nationale (IHEDN) Jean-Hugues Lasbatre, Fair Cost Index (FCI) Special thanks to Marc Fohr, CFA, GFR, for his invaluable support in organizing this event! A big thank you to our speakers and all participants for contributing to this forward-looking and timely conversation! #EuropeanDefence #Investment #AssetManagement #RiskManagement #Regulation #DefenseFinance #Geopolitics #Innovation #PwC #FCI #IHEDN #SustainableInvestment #FinancialServices

Enhance your understanding of operational risk in capital markets Operational risk remains one of the most important yet often overlooked areas in financial markets. This hands-on course, delivered by ALRiM – Luxembourg Association of Risk Management and supported by ICMA - International Capital Market Association, provides participants with practical tools, real-life case studies, and systematic methods to identify, assess, and mitigate operational risk effectively. 📍 Location: Luxembourg 🗓️ Dates: 27–28 November 2025 Designed for risk professionals, operations managers, and finance practitioners, the course offers insights that can be immediately applied within your organisation. 🔗 https://lnkd.in/evAD9sZd #OperationalRisk #RiskManagement #CapitalMarkets #FinanceTraining #ICMA #ALRiM #ProfessionalDevelopment

Nous avons le plaisir de vous inviter à la conférence coorganisée par GFR (Global Fund Risk), ALRiM (Association Luxembourgeoise de Risk Management) et EY Luxembourg:             « 𝑹𝒊𝒔𝒒𝒖𝒆𝒔 𝒆𝒕 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒂𝒃𝒊𝒍𝒊𝒕𝒆́𝒔 𝒅𝒆𝒔 𝑨𝒅𝒎𝒊𝒏𝒊𝒔𝒕𝒓𝒂𝒕𝒆𝒖𝒓𝒔 𝒅’𝑨𝑺𝑩𝑳 » 𝐿𝑒 𝑡𝑟𝑎𝑣𝑎𝑖𝑙 𝑑𝑒𝑠 𝐴𝑆𝐵𝐿 𝑒𝑠𝑡 𝑒𝑠𝑠𝑒𝑛𝑡𝑖𝑒𝑙, 𝑐ℎ𝑎𝑐𝑢𝑛𝑒 𝑎𝑝𝑝𝑜𝑟𝑡𝑎𝑛𝑡 𝑢𝑛𝑒 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑝𝑟𝑒́𝑐𝑖𝑒𝑢𝑠𝑒 𝑎̀ 𝑙𝑎 𝑠𝑜𝑐𝑖𝑒́𝑡𝑒́ 𝑙𝑢𝑥𝑒𝑚𝑏𝑜𝑢𝑟𝑔𝑒𝑜𝑖𝑠𝑒 𝑑𝑎𝑛𝑠 𝑑𝑒𝑠 𝑑𝑜𝑚𝑎𝑖𝑛𝑒𝑠 𝑡𝑒𝑙𝑠 𝑞𝑢𝑒 𝑙𝑎 𝑐𝑢𝑙𝑡𝑢𝑟𝑒, 𝑙’𝑒́𝑑𝑢𝑐𝑎𝑡𝑖𝑜𝑛, 𝑙𝑎 𝑠𝑜𝑙𝑖𝑑𝑎𝑟𝑖𝑡𝑒́ 𝑜𝑢 𝑙’𝑒𝑛𝑣𝑖𝑟𝑜𝑛𝑛𝑒𝑚𝑒𝑛𝑡. 𝐿𝑎 𝑔𝑒𝑠𝑡𝑖𝑜𝑛 𝑑𝑒𝑠 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑒𝑠𝑡 𝑑𝑜𝑛𝑐 𝑝𝑟𝑖𝑚𝑜𝑟𝑑𝑖𝑎𝑙𝑒 𝑝𝑜𝑢𝑟 𝑔𝑎𝑟𝑎𝑛𝑡𝑖𝑟 𝑙𝑎 𝑝𝑒́𝑟𝑒𝑛𝑛𝑖𝑡𝑒́ 𝑑𝑒 𝑙𝑒𝑢𝑟𝑠 𝑎𝑐𝑡𝑖𝑜𝑛𝑠 𝑒𝑡 𝑙𝑎 𝑏𝑜𝑛𝑛𝑒 𝑢𝑡𝑖𝑙𝑖𝑠𝑎𝑡𝑖𝑜𝑛 𝑑𝑒𝑠 𝑟𝑒𝑠𝑠𝑜𝑢𝑟𝑐𝑒𝑠 𝑚𝑖𝑠𝑒𝑠 𝑎̀ 𝑑𝑖𝑠𝑝𝑜𝑠𝑖𝑡𝑖𝑜𝑛. 𝐿𝑎 𝑛𝑜𝑢𝑣𝑒𝑙𝑙𝑒 𝑙𝑜𝑖 𝑠𝑢𝑟 𝑙𝑒𝑠 𝐴𝑆𝐵𝐿 𝑐𝑜𝑛𝑓𝑖𝑟𝑚𝑒 𝑙𝑎 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑎𝑏𝑖𝑙𝑖𝑡𝑒́ 𝑑𝑒𝑠 𝑎𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑒𝑢𝑟𝑠, 𝑞𝑢𝑖 𝑑𝑜𝑖𝑣𝑒𝑛𝑡 𝑣𝑒𝑖𝑙𝑙𝑒𝑟 𝑎̀ 𝑢𝑛𝑒 𝑔𝑜𝑢𝑣𝑒𝑟𝑛𝑎𝑛𝑐𝑒 𝑝𝑟𝑢𝑑𝑒𝑛𝑡𝑒 𝑒𝑡 𝑎𝑛𝑡𝑖𝑐𝑖𝑝𝑒𝑟 𝑙𝑒𝑠 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑒𝑟𝑠, 𝑜𝑝𝑒́𝑟𝑎𝑡𝑖𝑜𝑛𝑛𝑒𝑙𝑠, 𝑗𝑢𝑟𝑖𝑑𝑖𝑞𝑢𝑒𝑠 𝑒𝑡 𝑟𝑒́𝑝𝑢𝑡𝑎𝑡𝑖𝑜𝑛𝑛𝑒𝑙𝑠. 𝐿𝑎 𝑐𝑜𝑛𝑓𝑒́𝑟𝑒𝑛𝑐𝑒 𝑎𝑏𝑜𝑟𝑑𝑒𝑟𝑎 𝑙𝑒𝑠 𝑝𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑢𝑥 𝑟𝑖𝑠𝑞𝑢𝑒𝑠 𝑎𝑢𝑥𝑞𝑢𝑒𝑙𝑠 𝑙𝑒𝑠 𝐴𝑆𝐵𝐿 𝑠𝑜𝑛𝑡 𝑐𝑜𝑛𝑓𝑟𝑜𝑛𝑡𝑒́𝑒𝑠 𝑎𝑖𝑛𝑠𝑖 𝑞𝑢𝑒 𝑙𝑒𝑠 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑎𝑏𝑖𝑙𝑖𝑡𝑒́𝑠 𝑙𝑒́𝑔𝑎𝑙𝑒𝑠 𝑒𝑡 𝑝𝑟𝑎𝑡𝑖𝑞𝑢𝑒𝑠 𝑑𝑒𝑠 𝑎𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑒𝑢𝑟𝑠 𝑑𝑎𝑛𝑠 𝑐𝑒 𝑛𝑜𝑢𝑣𝑒𝑎𝑢 𝑐𝑎𝑑𝑟𝑒. La conférence sera relevée de la présence des orateurs et panelistes :  ·       Mme Djuna Bernard, Députée, déi gréng ·       Mme Tanja F., Présidente Sichhënn asbl ·       Mme Corinne Lamesch, Deputy CEO, former President ALFI - Association of the Luxembourg Fund Industry ·       Mme Claudia Monti, Présidente HUT - Hëllef um Terrain ·       Mr Philippe Goutière, CFA, Managing Partner ABIL S.A. ·       Mr Laurent Mosar, Député, CSV ·       Mr Yves Wagner, Président ACL - Automobile Club du Luxembourg La conférence sera présentée et présidée par Mr Charles Muller et Mr Luc Neuberg, PhD 🗓 𝐃𝐚𝐭𝐞: 11 Novembre 2025 🕠 𝐇𝐨𝐫𝐚𝐢𝐫𝐞: de 5:30 pm to 7:30 pm 📍𝐋𝐢𝐞𝐮: EY Luxembourg, 35E Av. John F. Kennedy, 1855 Kirchberg Luxembourg 𝐄𝐧𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐞𝐦𝐞𝐧𝐭 : https://lnkd.in/eF66wRcZ Veuillez noter que les places sont limitées. Nous appliquerons la politique du « premier arrivé, premier servi ».   #RiskManagement #ALRIM #GFR #EY #ASBL

10th edition of our 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞, organized in cooperation with Global Association of Risk Professionals (GARP). We are honored to welcome as keynote speakers: - Mr. Rich Apostolik, President and CEO of GARP, - Professor Stefano Caselli, Dean of SDA Bocconi School of Management, - Mr. Claude Wampach, Commission de Surveillance du Secteur Financier (CSSF) Director, - Mr. Frédéric Lardo, FRM, Deputy Director of the Strategic Risks and Analysis Division at the European Central Bank.   The round tables will be enhanced by the participation of experts from the financial sector, among them Yves Nosbusch, Member of the Executive Committee of BGL BNP Paribas. The conference will be chaired by Thierry López and Luc Neuberg, PhD. 🗓 Date: Tuesday, January 20 🕠 Time: 15:00 PM - 19:00 PM 📍 Location: European Convention Center Luxembourg (ECCL) To register: https://lnkd.in/eT2GQgtY www.alrim.lu #riskmangement #riskacademy #ALRIM #GARP