Michael Derwael, Lombard Odier Funds (Europe) S.A

Michael Derwael Michael Derwael heads Risk Management for Lombard Odier Funds (Europe) in Luxembourg. He is in charge of all aspects relating to risk management of the ManCo and the funds managed. This spans topics such as investment, operational and counterparty risks, governance, delegate supervision, reporting to Boards and regulators. Funds covered include both UCITS and AIFs in several European jurisdictions and in Switzerland. Previously he held various risk management positions within asset management and banking. Michael holds certifications as Financial Risk Manager (FRM) and Certified Financial Analyst (CEFA) and is actively involved in industry working groups and discussion panels. He is a member of ALRiM’s Board and ALFI’s risk management steering committee.
09.55-10.40

Round Table Discussion - Risk Management: a key pillar of the governance model

  • Risk management models
  • Roles & responsibilities of the ManCo Board
  • Relation between Board of Funds and ManCo
  • Roles & responsibilities of the Conducting Officers
  • Local substance requirements
  • Parent Companies/Branches/Subsidiaries
  • Risk Management, compliance & internal Audit

13.35-14.20

BREAKOUT SESSION 1: Stress testing & VaR model backtesting C.S.I. - Practitioners thoughts

  • Michael Derwael

    Michael Derwael ALRiM Board member & Risk Manager Lombard Odier Funds (Europe) S.A


14.50-15.50

Delegation & Oversight - Current thinking & possible scenarios for UK based Asset Managers

  • Investment Management – role of the investment advisor
  • Central administration (Accounting,TA)
  • Marketing & Distribution
  • Custodian/Depositary
  • ESMA-General principles on supervisory approach to relocations from UK
  • ALFI guidelines:Principles of the oversight of financial
    intermediaries

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