Fund industry chief moves to KPMG

(JB) The deputy director general of Luxembourg's Fund Industry watchdog is to join one of the big four after accepting a post with KPMG.

Charles Muller is to work in KPMG Luxembourg's European Regulatory Centre of Excellence, which focuses on investment management.

The 47-year-old currently works as Deputy Director General of Alfi, the Association for the Luxembourg Fund Industry.

The financial firm's recruitment decision comes after a flood of new European and international regulation in the funds industry.

Mr Muller, the firm says, will provide a key role in helping navigate clients through these changing regulations via its global regulatory Centres of Excellence.

Mr Muller said about the appointment: “In a rapidly changing regulatory landscape, it is increasingly important that industry players keep on top of the newest trends and challenges. We need to help them consider new legislation not only as a burden, but also as a potential opportunity to further investor protection and innovation. I am proud to be joining KPMG that I have always admired for being extremely competent and professional."