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Large UK asset manager/third-party AIFMs

TOM Design for Control Framework

Design and implementation of a target operating model (TOM), including current model review, regulatory and market best-practice gap analysis, implementation roadmap development, implementation support and readiness assessment. 

 

International asset servicer

License extension and oversight review

Assistance in preparing a license extension filing with the local regulator. Definition of oversight processes regarding delegated activities from the private banking entity to its own management company.

 

EU asset manager

Asset management branches oversight

Assistance on a project that converted the French and Belgian subsidiaries into French and Belgian branches of the Luxembourg entity. Analysis of the potential regulatory and tax implications arising from a specific strategic decision.

 

Newly-established AIFM from large EU Group

Implementation of regulatory hub and AIFMD operation on the ground

Brexit-AIFMD implementation project:

Analyzed as-is structure and implemented final to-be AIFMD model. Provision of strategic support and actual gap assessment. Project managed and drafted final implementation plan, drafted target process models.

 

Large EU asset managers

Risk expert - staff secondment

Support with the reorganization of the asset manager through long-term staff secondment. Provision of a range of on-going services including day-to-day fund management, regulatory compliance exercises and the review and enhancement of governance frameworks with the client’s guidance.

 

Large French asset manager/third-party ManCos and AIFMs

CSSF Circular 18/698 gap analysis

Gap analysis against CSSF Circular 18/698 requirements. Analysis of as-is, gap remediation recommendations, defined implementation roadmap and assistance to reinforce risk function, valuation function and oversight operating model.

EU third-party ManCo/AIFM

Provision of a regulatory watch service

On-going assistance with the evolving regulatory framework for a management company with UCITS and AIFM licenses. Defined topics relevant to their business and arranged workshops to discuss the regulations and their impact.

 

Alternative asset managers

Peer group reviews and benchmarking

  • Market intelligence services
  • KPMG substance survey
  • Brexit market watch and intelligence

Large US AIFM/third-party ManCos and AIFMs

Regulatory and compliance readiness assessment

Assistance with a regulatory and compliance readiness assessment in order to prepare for a CSSF inspection covering governance arrangements, oversight of delegated functions and AML/CTF.  Review of as-is against regulatory standards and remediation of significant gaps.

UK AIFM/third-party EU ManCo and AIFM

TOM definition and application filing

Assistance in defining the appropriate TOM design of policies, procedures and operating protocols. Subsequent operationalization. Project management of application filing including board awareness on transformational matters and interplay with supervisory bodies.

 

 

European asset manager

ESG readiness assessment and preparedness review

Gap analysis against regulatory prescriptions, review of operating model readiness and change management. 

Review of risk management arrangements and credit analysis protocols and procedures. 

 

Luxembourg AIFMs/ManCos of US and EU groups

Support to internal audit

Provision of internal audit support and services to several AIFMs in real estate, infrastructure, private equity and UCITS management companies. KPMG gained significant expertise in understanding the CSSF’s expectations and best practices for governance, compliance and operations.