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Claude Kremer, a partner with law firm Arendt & Medernach, has been elected as chairman of the Luxembourg Funds Industry Association at the organisation's annual general meeting, succeeding European Fund Administration chief executive Thomas Seale who has stepped down after four years.

Kremer, who has been a director of Alfi since 1997 and played a key role in the drafting of Luxembourg's new rules on Specialist Investment Funds implemented in February, is part of a new board of directors for the association who will serve a term of two years.

A member of the Luxembourg Bar since 1982, Kremer is also chairman of Alfi's legal committee on national affairs and serves on the advisory committees on undertakings for collective investment, securities, pension funds and risk capital investment companies for the Luxembourg regulator, the Financial Sector Supervisory Commission.
 
Last year, following the publication of the European Commission's Green Paper on investment funds, Kremer was appointed to the expert group set up to report on ways to improve the efficiency of the EU fund market.

Kremer lectures on international tax law at the University of Luxembourg and is co-author of Organismes de placement collectif et véhicules d'investissement apparentés en droit luxembourgeois (Undertakings for collective investment and related investment vehicles under Luxembourg law), published by Larcier in Brussels.
 
A Luxembourg national, Claude Kremer holds master's degrees in law and in history from the University of Grenoble in France and a master's degree in accounting and finance from the London School of Economics and Political Science.


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