Michael Horvath

Working with PwC Switzerland since 2011 and joined PwC Luxembourg in 2018

Director in the Regulatory and Compliance Department

Overall Expertise:

• Sustainable Finance

• DORA

• Asset Management industry (financial and real assets)

• Regulatory requirements for Fund Management companies and AIFMs (also focusing on full service groups)

• CSSF Licensing

• CSSF Circular 18/698

• Operational implementation due to regulatory changes

• Design of Compliance Frameworks

Licensing of regulated Luxembourg entities:

• Design of organisational and operational strategies for international and local asset managers, asset servicers and asset owners in the alternative investment space

• Regulatory set-up and authorisation by the CSSF of Luxembourg-based entities (AIFMs), including license extensions

• Coordination regarding the selection and on-boarding of service providers to the alternative investment industry.

Sustainable Finance – Recent and ongoing implementation projects:

• SFDR and Taxonomy regulation implementation project for a large Luxembourg based third party ManCo/AIFM (all licenses except hedge funds) with periodic alignment to group project incl. PAI reporting and Taxonomy Alignment reporting design including assessment of IT and data implications

• SFDR implementation project for a large Luxembourg based third party ManCo/AIFM with dedicated institutional business with periodic alignment to group project

• SFDR readiness assessment for risk management function of a large international Private Equity house – links to SASB, SDGs – with respect to art. 8 and art. 9 SFDR fund range as well as ongoing Taxonomy Regulation support

• Various SFDR Level 2 prospectus implementations incl. ESG/Sustainability process design for portfolio management, risk management and reporting for alternative funds (e.g. PE FoF with impact ambitions, infrastructure fund, real estate funds, private debt funds) incl. consideration of IT and data implications

• Assessments with respect to EU Taxonomy alignment of unlisted assets as well as EU Taxonomy eligibility

• Strategic options for financing in EU/US/Asia for a specific sector facing ESG exclusions

Academics:

• Master’s degree in international business administration, University of Vienna (Austria)

• Master’s degree in law, University of Vienna (Austria)