About us

Who we are

The LUXEMBOURG FINANCE LABELLING AGENCY (LuxFLAG) is an independent and international non-profit association created in Luxembourg in July 2006 by seven public and private founding partners.

The agency aims to promote the raising of capital for the Responsible Investment sector by awarding a recognizable label to eligible investment vehicles amongst others. The labels’ objective is to reassure investors that the applicant invests in the Responsible Investment sector. 

Group 364

Charter members

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Milestones

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2006
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2011
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2021

Governance

HONORARY PRESIDENT
HRH

HRH the Grand Duchess Maria Teresa

Her Royal Highness the Grand Duchess Maria Teresa

Her Royal Highness the Grand Duchess Maria Teresa has been the Honorary President of LuxFLAG since 2006.

On 10 June 1997, Her Highness was made a Goodwill Ambassador for UNESCO, through which she aims to promote the education of young girls and women and fight against poverty through microcredits. Her commitment to social causes is reflected in her patronage of many charitable organizations in Luxembourg and abroad, and in her many trips to the world’s poorest regions.

LuxFLAG Board of Directors
In memory of Sachin Vankalas
Catherine Bourin@2x

Catherine Bourin

Member of the Management Board of ABBL

Catherine Bourin has a Doctor of Philosophy degree in European Law from the University of Rennes. After 3 years as legal researcher at the Laboratoire de Droit Economique, she joined the ABBL in 1999 as legal adviser. Since 2012 she was Head of Legal Affairs.

Currently Catherine is Member of the Management Board in charge of Tax, Legal and Compliance as well as Social Affairs and Human Resources.

She represents the ABBL in a number of Committees at the Luxembourg Central Bank (BCL), the Commission de Surveillance du Secteur Financier (CSSF), the European Banking Federation (EBF), the Union des Entreprises Luxembourgeoises (UEL), the Ministry of Finance, the Ministry of Justice as well as the Ministry of Economy. Furthermore, she is a Board member of the Association Luxembourgeoise des Juristes de Droit Bancaire (ALJB), of the Association Européenne des Juristes de Droit Bancaire (AEBDF) and of LuxFlag.

Her areas of expertise focus specifically on bank secrecy, money laundering, compliance issues for banks, data protection and business criminal law.

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Denise Voss

Chairwoman of LuxFLAG

Denise Voss is a Non-Executive Independent Director of flagship funds of major fund promoters.

Ms Voss has worked in the financial industry in Luxembourg since 1990, and was a Conducting Officer and member of the board of Franklin Templeton’s Luxembourg management company for over 25 years. Prior to joining Franklin Templeton, she worked for 10 years at Coopers & Lybrand in Boston, USA and Luxembourg. She holds a Massachusetts C.P.A. license and obtained a BA from Tufts University, as well as a MSc in accountancy from Bentley University.

Ms Voss is currently Chairwoman of LuxFLAG, an independent agency created in Luxembourg in 2006 to support the financing of sustainable development. She is also Chairwoman of the EFAMA Investor Education Platform, was Chairwoman of ALFI from 2015-2019, a member of the ALFI board of directors from 2007-2019 and is currently a member of the ALFI Strategic Board.

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Julie Becker

CEO, Luxembourg Stock Exchange

Julie Becker is the CEO of the Luxembourg Stock Exchange. She is a confirmed specialist in regulatory, legal and market related matters linked to capital markets transactions and disposes of a proven track record in advising on and integration of regulatory change.

In 2016, Julie Becker initiated and implemented the creation of the Luxembourg Green Exchange or LGX, a new platform dedicated exclusively to green instruments. This initiative, a first in global capital markets, has been rewarded with numerous awards and recognitions worldwide. She also had been appointed in 2016 to the EU High-Level Expert Group on Sustainable Finance.
Before joining LuxSE in 2013, Julie had assumed different positions in the Legal and Compliance departments in the banking sector, including at Dexia and the Central bank of Luxembourg.

She holds a Master Degree in European & Corporate Law and a Master Degree (DEA) in Private Law from the University of Nancy II, France, and completed the Advanced training course in Banking and Financial Law of the European Union from the AEDBF & Leuven CCLE, Luxembourg. She is also an alumna of the Wharton Business School, University of Pennsylvania, USA.

Manuel Tonnar

Manuel Tonnar

Director, Ministry of Development Cooperation and Humanitarian Action

Manuel Tonnar is Director for Development Cooperation and Humanitarian Aid in the Ministry of Foreign and European Affairs since September 2017 and has been Deputy Director from 2013 to 2017. Before joining the MoFA in 2004, he worked for the United Nations Development Program (UNDP/UNCDF) as a program officer in Vietnam and Mali in the areas of decentralization, private sector development and microfinance. From 1997 to 1999, he worked as a commercial manager for blast furnaces innovation projects at Paul Wurth S.A.

Manuel is Vice-Chairman of Lux-Development, the Luxembourg Microfinance Development Fund and the Luxembourg Inclusive Finance Network and he is Alternate governor of the International Fund for Agricultural Development.

Manuel holds an M.A. in Economics from the Université des Sciences Sociales in Toulouse and an M.B.A. in International Business Management (1997) from the Institut Commercial de Nancy and the Universidad La Salle of Mexico.

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Marguy Kohnen

Conseillère de direction, Ministère de l'Environnement, du Climat et du Développement durable

Mrs Kohnen works as an Advisor at the department of Environment within the Luxembourg Ministry of the Environment, Climate and Sustainable Development. In this role she is engaged in preparation of a national plan for Sustainable Development and its implementation.

Maria Löwenbrück

Member of the ALFI Board of Directors

Maria Löwenbrück has been working in the financial industry in Luxembourg for more than 20 years. Maria joined Union Investment in June 2000 and is currently managing director and member of the Board of Union Investment Luxembourg S.A., a Luxembourg-based German fund company, the fund company of the German cooperative banks, managing both UCITS and AIFs. She is also chairman of the board of UniInstitutional Infrastruktur SICAV-SIF and member of the board of different SICAV`s and investment vehicles. Furthermore she is member of the ALFI Board and member of the ALFI Regulatory Board.

Prior to that she worked at Freie Internationale Sparkasse and DekaBank Luxembourg.

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Michel Haas

Economist, Ministry of Finance

Mr Haas works for the Luxembourg Ministry of Finance in the department of Public Finances. Prior to this he has worked for the Luxembourg Central Bank in financial stability and prudential supervision areas.

Mr Haas holds a Master’s degree in Economics, law and administration from the University of Nancy and is fluent in Luxembourgish, French, German and English.

Ontwerp zonder titel

Philippe-Fitzpatrick Onimus

Vice President of ADA, Partner at Deynecourt

After serving as an officer in the French Army, Philippe ONIMUS gained a first experience in humanitarian aid during the Balkan wars in the nineties.

He moved to Luxembourg to start a carrier in the financial sector in a renowned financial institution Clearstream (aka CEDEL), before joining the Luxembourg Bar in 1996 as a lawyer.

Philippe ONIMUS is a member of the board of directors of ADA since 1999 and was president of the NGO for 7 years.

During his presidency the NGO tied strong links between the financial sector and development aid which contributed into making Luxembourg a financial center for funds specialised in micro finance and to become renowned for its expertise in inclusive finance.

Philippe ONIMUS represents Ada at the board of directors of Luxflag, the fund labeling agency.

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Philipp von Restorff

Deputy CEO at Luxembourg for Finance

Philipp von Restorff has been appointed as Board Member of LuxFLAG on 20 June 2019.

Philipp currently serves as Deputy CEO at Luxembourg for Finance (LFF), the agency for the development of the Luxembourg financial centre.

Prior to his appointment at LFF, he was serving as Head of Communication of The Luxembourg Bankers’ Association (ABBL), where he also held the position of Secretary of the ABBL Board of Directors. From 2014-2018, Philipp has been Chairman of the European Banking Federation’s Communication and CSR Steering Committee. Before joining the ABBL he worked for the Luxembourg Government Information and Presse Service.

Philipp is Chairman of the Management Committee of “Stiftung Pflanzen für Menschen”, a Foundation aiming to support non-profit organisations active in the areas of health care and climate change related education.

He is a confirmed financial communication specialist, and lecturer at the Luxembourg House of Training. Furthermore, Philipp is a financial education volunteer at “Jonk Entrepreneuren Luxembourg” a branch of the Junior Achievement Network (JA).

He holds a M.A. in Communication from IHECS and a MBA form United Business Institutes in Brussels.

Prof Dr Hakan Lucius

Head of Corporate Responsibility, European Investment Bank

Prof Dr Hakan Lucius is Head of Corporate Responsibility at the EIB, the European Union’s bank, covering sustainability and stakeholder engagement dimensions of the institution. The EIB evaluates all the investment projects it finances with regard to their sustainability credentials. Dr Lucius possesses more than 20 years of sustainability experience. In his career he has structured multiple billions of euros of investments, through both, loans and equity, was quoted by the Financial Times and by Reuters, has led multinational teams and negotiated with governments, corporate and civil society organizations, alike. Academically, he received a Ph.D. with distinctions in industrial economics, an MBA from INSEAD, France, and an MSc in Engineering from Vienna Technical University, where he graduated as the youngest student of his faculty.

Hakan Lucius is Professor of Finance in parallel to his professional career at the EIB, and specializes in sustainable finance. He has developed masters classes in sustainable finance, which he teaches at SciencesPo in France, the Frankfurt School of Finance in Germany and the Welch College of Business in Luxembourg. He has lectured in Europe and the US and is an internationally acclaimed speaker, having presented in conferences in over 14 countries globally. He was awarded Best Lecturer, Master of Development Finance, by Frankfurt School and by the by Welch MBA, Luxembourg and has published articles in multiple languages.

LuxFLAG Team
LuxFLAG CEO Isabelle Delas

Isabelle Delas

CEO

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Ahmed Ouamara, CFA

Head of Sustainability Operations

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Anna Letta

Sustainability Operations Officer

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Chrysa Alexandraki

Sustainability Operations Officer

Gohar Hovhannisyan

Gohar Hovhannisyan

Senior Quality Assurance & Compliance Officer

Helene Lang

Helene Lang

Finance & Administration Officer

Roberta Consiglio

Roberta Consiglio

Business Development Officer

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Solène Collin

Senior Sustainability Operations Officer

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Viola Strotz

Communications & Marketing Officer

Sarah Basemera

Sarah Basemera

Senior Sustainability Operations Officer