Independent Fund Director — Property Investment Governance
Luxembourg·Property & Real Estate·Hospitality and property investment· Luxembourg City·Posted 19 July 2026
Applications close 29 November 2026
Hospitality and property investment organisation in Luxembourg
The problem this seat exists to solve
The fund director will oversee a property investment strategy through the responsibilities of the fund board. The appointment requires understanding of investment risk, valuation and delegated services, with the precise duties established for the fund's actual legal and regulatory structure.
Qualified candidates
Candidates should have substantive fund-governance or senior property-investment experience. They must be able to challenge valuations, financing and service-provider reporting without assuming the investment manager's role. Formal eligibility, independence, conflicts and practical participation requirements should be assessed for the appointment itself.
Oversight priorities
Review whether the strategy is implemented consistently with its governing terms. Examine leverage, concentration and the relationship between asset liquidity and obligations. Seek clear information about investment commitments, available resources and the assumptions supporting expected exits.
Valuation is a governance process
Ask how significant inputs are obtained, challenged and approved. Where an asset is difficult to value, understand the sensitivity and the consequences for reporting or decisions. A model output should not conceal uncertainty about leasing, development cost or marketability.
Conflicts and delegated work
Examine transactions involving connected parties, allocation of opportunities and the treatment of expenses. Review significant provider exceptions and management responses. Delegation should leave the board with usable evidence and clear accountability, rather than an assurance gap between the manager, administrator and other specialists.
Evidence of a useful contribution
Applicants should discuss a contested valuation or liquidity decision and explain what additional evidence they sought. The board needs a director who can distinguish commercial disagreement from a matter requiring independent process or specialist advice.
Effective service means that investment and reporting decisions have a transparent basis, unresolved issues remain visible and conflicts are handled before approval. The office is not a transaction-origination or investor-introduction assignment; its value lies in substantive governance of the fund and its relationships.
Terms
- Where the board sits
- Luxembourg City, Luxembourg
- Applications close
- 29 November 2026
- Appointment
- Fund board appointment
- Compensation
- EUR 65,000–110,000 per year (indicative annual board fee)
- Time commitment in this market
- Fund boards typically meet quarterly; management-company boards meet more often and carry substantially more committee and regulatory work.
Before you apply — Luxembourg
Company law imposes no residency or nationality test. What gates a Luxembourg board seat is CSSF approval of you personally, and the substance expectation that decisions are genuinely taken in Luxembourg.
- Residency test
- No residency requirement in company law. CSSF substance requirements mean the entity must be directed from Luxembourg, which in practice shapes how often a non-resident director must be present.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings requires no permit. Executive and resident roles for non-EU nationals require a residence permit.
- Tenure limit once appointed
- No statutory cap. Institutional investors in Luxembourg fund vehicles increasingly apply their own tenure expectations, commonly around nine years, when assessing board independence.
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