From left: CSSF director general Claude Marx, finance minister Pierre Gramegna and Marco Zwick
The new director in charge of investment fund business at Luxembourg’s financial sector supervisory body was sworn in on Tuesday.
Marco Zwick succeeds retiree Simone Delcourt as CSSF director in the fields of UCIs and specialised PFS.
Zwick’s last role saw him co-chair with the US Stock Exchange Commission the FATF working group on risk based approach guidance for securities. Zwick, who has been actively engaged in the financial sector since 1989, has served as chief compliance officer for Europe, UK and Asia with the RBC investor and treasure services, chaired Alfi’s AML working group for the past 13 years and was Luxembourg Association of Risk Management president from 2010 to 2016, among other things.
Zwick’s appointment was announced in July along with that of Claude Wampach, who takes up his role in charge of banking supervision on 1 January, 2019.