PwC Luxembourg

In a country as international as Luxembourg, leading across cultures is part of everyday work. On 28 May, PwC Luxembourg will host Leading across cultures: challenges, choices and leadership in practice, as part of its Diversity, Equity, Inclusion and Wellbeing programme. Leaders from global organisations will share their experience of managing multicultural teams and working across cultures in practice. Interested? Book your seat here:

Generative AI is increasingly shaping how industrial and service organisations operate, moving beyond efficiency gains towards deeper transformation of processes, risk management and sustainability strategies. The challenge now lies in scaling experimentation into structured, organisation-wide impact through data foundations, governance and execution roadmaps. Julien Jacqué, Partner Digital Transformation and AI Champion for Industries & Services at PwC Luxembourg, shares insights on where GenAI is already delivering value and what is needed to move from pilots to performance at scale. Read it here:

GenAI is rapidly becoming a strategic lever for Industry and Services, influencing how organisations design processes, manage risk and deliver on sustainability objectives. While early use cases often focus on productivity, the real shift is happening as companies begin to rethink end-to-end processes and operating models. Insights from Julien Jacqué, Partner Digital Transformation and AI Champion for Industries & Services at PwC Luxembourg:

Adjusted EBITDA: everyone uses it… but do we all mean the same thing? IFRS 18 changes the rules of the game by bringing Management Performance Measures into the financial statements, with clear definitions, reconciliations and audit scrutiny. 🎥 In this new IFRS episode, Anca Mandru, FCCA, MBA and Philippe Forster unpack what this means in practice and why transparency matters more than ever! https://lnkd.in/gAGjq-ic IFRS Accounting Standards - What is a Management defined Performance Measures (MPMs), in IFRS 18? This is "IFRS Accounting Standards - What is a Management defined Performance Measures (MPMs), in IFRS 18?" by PwC Luxembourg on Vimeo, the home for high quality videos and the people who love them.

PwC Luxembourg views on distribution channels for semi-liquid alternative funds Key takeaways from our first webinar Growing demand from wealth investors is pushing more asset managers to explore semi-liquid strategies. But distribution is where complexity lives. With 76% of European wealth investors already invested in or considering ELTIFs within the next 3 years and HNWI & mass-affluent investors as the fastest-growing AWM segment, the question is no longer whether to distribute semi-liquid alternatives: It’s how to do it right. What we covered in Session 1: 1. Your distribution route depends on who you are targeting, with which product and where • Professional investors: Art. 32 AIFMD passport → relatively straightforward across EU/EEA • HNWI / semi-professional: feasible in selected jurisdictions with specific requirements • Retail investors: ELTIF is the most realistic pan-European route 2. Reverse solicitation is not a distribution strategy • It’s a narrow exception for genuinely unsolicited approaches, misuse puts full liability on the manager • Pre-marketing triggers an 18-month Reverse Solicitation lock-out in that jurisdiction • If it goes wrong, liability sits with the manager 3. Marketing compliance is broader than most expect • The AIFM owns responsibility for all marketing materials: including those produced by distributors • ESMA, CBDF, SFDR, CSSF rules and country-specific requirements all apply at once 4. Outside the EU, in every market you start from scratch • No passport, no shortcuts: each jurisdiction needs its own analysis before you approach a single investor Bottom line: Getting distribution right, from regulatory routes to marketing compliance and distributor oversight, is essential to successfully launch and scale semi-liquid alternative funds. Missed the session? Reach out to our experts Aurélie Lefrancois or Benjamin Reis from our Regulatory, Risk & Compliance team. And do not miss the next sessions! 💡 Liquidity Management — 5 May 2026 💡 Tax and Legal Considerations — 10 June 2026 💡 Valuation and finding appropriate service providers — 7 July 2026 Pencil in your calendar! #PwCLuxembourg #AlternativeInvestments #SemiLiquid #ELTIF #AIFMD #FundDistribution #PrivateMarkets #WealthManagement #RegulatoryCompliance #Luxembourg #PrivateEquity Benjamin Reis Aurelie Lefrancois (LU) Valerie Tixier Stefan Schindler Mathieu Scodellaro Marc Meurant Philippe Belche Jennifer Forgès Jannine Czarina Torralba Reema Nayyar, CPA Bram Krikken Mike Hakkens Tridev Budia

In a cross-interview with Daniela Cedola, Partner at PwC Luxembourg, and Guy Verhofstadt, former Belgian Prime Minister, the Journée de l’Économie explored why European sovereignty is the defining theme of 2026. From defence and energy to supply chains, discover how Europe's choices shape Luxembourg's businesses. Europe's economic sovereignty is becoming a key driver for businesses and governments. The Journée de l’Économie highlighted the choices that will shape growth, competitiveness, and resilience across Luxembourg and the wider region. Find out more here: https://pwc.smh.re/1h0w