General Management

The Executive Board is made up of a Chief Executive Officer (CEO), supported by a Deputy Chief Executive Officer (DCE) who will be recruited in December 2023, subject to his approval for this position by the BCC.

To ensure optimum coordination of FPM SA’s operational activities, the CEO has set up a Management Committee (CODIR) and an Extended Management Committee to promote collaboration, informed decision-making and the efficient implementation of growing projects. It is made up of the Executive Board, the heads of Risk & Compliance and Finance & Administration.

The extended CODIR, which meets once a month, comprises the members of the CODIR as well as the heads of all the departments.

The need to bring FPM SA into line with the BCC’s prudential standards in terms of internal control and to respond to changes in the fund’s activities led the Executive Board to set up an internal control department and an IT department in 2023.

The Internal Control Department plays an essential role in managing our processes, protecting our assets and ensuring compliance with laws and regulations.

The IT department contributes to operational efficiency, data security and technological innovation within FPM SA.

In terms of the overall organizational structure, the Risk & Compliance, Internal Control and IT departments report to the Chief Executive Officer, while the Finance & Administration and Commitments departments report to the Deputy Chief Executive Officer.

In addition, certain other functions are outsourced, such as legal assistance, via two renowned law firms, and internal audit, via an international audit firm. However, as part of FPM SA’s drive to comply with prudential standards in terms of internal control, the internal audit function will only be partially outsourced in 2024 with the recruitment of an internal audit manager.

Finally, several support functions are shared with FPM ASBL, such as logistics and communication.


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