The renewal of Marco Zwick’s mandate took place on 1 September 2023 and was announced by Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier (CSSF), on 18 September.
Zwick, who is in charge of undertakings for collective investment (UCIs) and specialised professionals of the financial sector (PFS) at the financial sector supervisory commission, was first named director in September 2018, when he replaced Simone Delcourt.
He holds a master’s degree in business administration from Sheffield Business School (Hallam University) in the United Kingdom and has held various positions in the financial sector since 1989, noted the CSSF. Previous roles include head of compliance at Deutsche Börse / Clearstream International and compliance & risk director at Schroder Investment Management (Luxembourg). He is also president and board member of the Luxembourg Association for Risk Management (Alrim) and global head of anti-money laundering at RBC Investor & Treasury Services.
Zwick also chaired the anti-money laundering working group of the Association of the Luxembourg Fund Industry (Alfi) for 13 years and co-chaired, with the US Stock Exchange Commission, the Financial Action Task Force (FATF) working group on risk-based approach guidance for securities, added the regulator in its announcement.
The CSSF’s executive board, which takes decisions for the regulator, sets up target agreements, and submits reports and proposals as part of its responsibilities, is made up of the director-general (a post occupied by Claude Marx since 2016) and between two and four directors (there are currently four: Françoise Kauthen, Claude Wampach, Marco Zwick and Jean-Pierre Faber).