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Chapter Meeting

Shaping the Future of Real Estate: Energy Efficiency and Financial Innovation

November 27, 2024 6:00 PM | Luxembourg Chapter | In-Person

Details

November 27, 2024
6:00 PM - 8:30 PM |

In-Person

Le Royal Hotel, 12 Boulevard Royal, 2249, Luxembourg

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Join the GARP Luxembourg Chapter for an engaging and insightful event exploring the evolving landscape of energy efficiency in real estate. This is a unique opportunity to dive into the challenges and opportunities posed by the EU Energy Performance of Buildings Directive (EPBD) and its impact on both the financial and real estate industries.

As buildings account for the largest share of energy consumption in Europe, the real estate sector plays a pivotal role in achieving the EU’s ambitious energy and climate goals. With the EPBD aiming to decarbonize the entire building stock by 2050, the ripple effects will be far-reaching, affecting society, financial markets, and investment strategies alike. Financial institutions are expected to be proactive by offering innovative financial products, grants, and subsidies to drive renovations, especially for vulnerable households and low-performing properties.

Key discussion points include:

  • Exploring new opportunities: How banks can tap into a growing market of loans and renovation products designed to accelerate energy efficiency upgrades.
  • Overcoming challenges: Addressing the need for high-quality data on energy efficiency, disparities in building types across Europe, and the increasing value premiums on energy-efficient properties.
  • Managing risks: Understanding the capital expenditure requirements and the risks of owning properties that fail to meet future energy standards, potentially becoming illegal to build, rent, or sell.

Don't miss this chance to gain insider knowledge and network with industry leaders who are shaping the future of energy-efficient real estate!

Registration is required as seats are limited. Priority will be given to GARP Individual Members.

Agenda

6:00 - 6:30 PM: Registration

6:30 - 6:35 PM: Welcome Remarks

6:35 - 7:35 PM: Panel Discussion with Audience Q&A

7:35 - 8:30 PM: Networking reception

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Speakers

Tatiana Bosteels

Tatiana Bosteels

Senior Economist - Energy Transition, European Investment Bank (EIB)
Toufic Bissar

Toufic Bissar

Head of Luxembourg Conducting Officer for Risk & Compliance, Cromwell Property Group
Toufic Bissar

Toufic Bissar

Head of Luxembourg Conducting Officer for Risk & Compliance, Cromwell Property Group

Toufic joined Cromwell Property Group in 2022 as the Country Head of Luxembourg’s AIFM, where he serves as Chairman of the Board, Conducting Officer, and member of the Executive Committee. He oversees the Luxembourg office in managing the group’s European real estate funds, leveraging his extensive expertise in regulatory compliance, operational strategy, and investment management.

With more than 20 years in finance and investment, Toufic has a robust career spanning both Canada and Luxembourg, where he has held leadership roles at prominent investment firms. His experience includes designing strategic frameworks and operational efficiencies that align with global regulatory standards and best practices.

Since moving to Luxembourg, Toufic has made significant contributions to the growth and resilience of several high-profile financial institutions. He is a respected figure within Luxembourg’s investment fund community, actively involved in industry bodies such as ALFI, ALCO, ILA, and ALRiM, where he offers insights into evolving trends in the fund sector.

Prior to Cromwell, Toufic was a Conducting Officer and Executive Committee Member for some large corporations like at AXA Investment Funds, where he managed assets exceeding 50 billion EUR, guiding the firm through complex investment environments. Earlier roles at RBS and RBC further developed his strengths in the funds’ investment strategy and fund oversight.

Toufic holds an MBA in Investment Management from Concordia University, Canada, and has earned the FRM (Financial Risk Manager) certification from GARP and the SCR (Sustainability and Climate Risk) designation, underscoring his commitment to both financial and environmental risk management.
Natalija Iniakina

Natalija Iniakina

Global Head of ESG & Business Development, Skandinaviska Enskilda Banken AB, Luxembourg
Natalija Iniakina

Natalija Iniakina

Global Head of ESG & Business Development, Skandinaviska Enskilda Banken AB, Luxembourg

With over 20 years of experience in the financial sector, Natalija has developed expertise in Corporate and Retail Banking, Product and Project Portfolio Management, and ESG and Sustainability. In her current role as Global Head of ESG and Business Development, she leads the sustainability agenda within the Private Wealth Management and Family Office division’s financing business. Natalija holds a master’s degree in economics from Vilnius University and is currently pursuing an Executive MBA at IMD.

Chapter Directors

Mariusz Krogulewski, FRM
Senior Quantitative Officer European Investment Bank

Adela Baho
Director for Risk Management and Valuation Foresight Group Luxembourg S.A.

Committee Members

Xi Chen
Senior Manager - European & Asian banking business development China Merchants Bank

Simona Ferner
Internal Auditor European Investment Bank

Max Malonukhin
Senior Manager Avantage Reply

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