Your trusted guide to Luxembourg finance.

Cicerone provides turnkey solutions for investment fund projects in Luxembourg — independent directorship mandates, conducting officer roles and full regulatory navigation.

20+

Years in Luxembourg finance

CSSF

Approved Conducting Officer

AIFMD

Alternative fund expertise

Risk

Management & Governance

What we do

Independent Director

We provide independent local director mandates for your Luxembourg fund structure, liaising with the CSSF and all relevant partners on your behalf.

Conducting Officer

We second a CSSF-approved Conducting Officer responsible for Risk Management within your Luxembourg structure.

Fund Structuring

From SICAR to RAIF, SIF to SOPARFI, SCS to SCSp — we guide you through the full range of Luxembourg fund vehicles and help you select the right structure.

Governance & Compliance

Board-level oversight, risk frameworks, AML/KYC policies and regulatory filings — we ensure your structure meets every requirement from day one.

Our approach

Cicerone operates as a trusted local partner for international asset managers, family offices and entrepreneurs seeking to establish or develop their presence in Luxembourg.

The name reflects our founding philosophy: just as the original cicerone was a knowledgeable guide who helped visitors navigate complex terrain, we guide our clients through Luxembourg's regulatory and financial landscape with precision and discretion.

We work on a mandate basis, embedding ourselves in your project rather than offering off-the-shelf solutions. Every engagement is tailored to the specific needs of the structure, the strategy and the people involved.

Why Luxembourg?

World's second-largest fund domicile after the United States
Stable AAA-rated EU jurisdiction with strong regulatory framework
Full EU passporting access across the European Union
Wide range of vehicles: UCITS, AIF, RAIF, SIF, SICAR, SOPARFI, SCS, SCSp
Highly developed ecosystem of service providers, law firms and banks
Favourable environment for entrepreneurs and private wealth structures

Luxembourg in Europe

Luxembourg sits at the heart of Europe, bordered by Belgium, France and Germany. As the EU's financial capital, it offers unparalleled access to European markets and a uniquely international, multilingual business environment.

Population: ~660,000 — over 47% foreign nationals
Three official languages: Luxembourgish, French, German
Home to key EU institutions including the Court of Justice

Our expertise

With over 25 years of hands-on experience, our expertise spans the full spectrum of fund governance and regulatory requirements.

Governance

Deep experience as independent director across a wide range of fund structures. Rigorous board-level oversight ensuring proper governance frameworks and appropriate stakeholder representation.

Risk Management

As CSSF-approved Conducting Officers, we carry direct responsibility for risk management within Luxembourg structures, covering market, credit, liquidity, operational, counterparty and sustainability risk.

Regulatory

Extensive knowledge of Luxembourg's regulatory landscape — AIFMD, UCITS, MiFID II, CSSF circulars. Primary interface with the regulator for authorisations, filings and supervisory dialogue.

AML / KYC

Practical expertise in anti-money laundering frameworks and KYC procedures in the Luxembourg fund industry. Robust AML policies meeting CSSF and FATF expectations.

The Founder

Raoul Chevignard

Founder

Raoul has more than 20 years of experience in the financial industry. Having completed engineering studies with a specialisation in financial mathematics and risk management, he built his career at the heart of Luxembourg's fund industry.

He holds various mandates as Independent Fund Director, Conducting Officer and Risk Manager across a range of regulated and alternative fund structures, working closely with the CSSF and international asset management groups.

Cicerone was founded on the conviction that sophisticated clients deserve a trusted, experienced local partner rather than a commoditised service provider.

Independent Fund Director Conducting Officer Risk Manager Financial Mathematics 🇫🇷 French 🇬🇧 English 🇸🇪 Swedish

Clients & Services

Comprehensive solutions across the full lifecycle of a Luxembourg investment structure, for a focused range of sophisticated clients.

Our services

Independent Directorship

Independent local director mandates for regulated and unregulated Luxembourg fund structures. We liaise with the CSSF, coordinate legal and operational partners, and ensure sound ongoing governance.

Conducting Officer

CSSF-approved Conducting Officer secondment covering Risk Management and, where required, Portfolio Management and Distribution functions within your Luxembourg ManCo or AIFM.

Luxembourg Fund Setup

End-to-end support for the creation of Luxembourg fund vehicles — UCITS, RAIF, SIF, SICAR, SOPARFI, SCS, SCSp. We coordinate all parties from concept to launch.

Alternative Fund Structures

Specialist expertise in AIFMs and alternative structures under AIFMD. We help managers navigate authorisation, compliance and ongoing governance requirements.

Wealth & Shareholding Structuring

We help private clients and entrepreneurs optimise their shareholding and wealth structures using Luxembourg's flexible legal and tax framework, including SOPARFI and SPF vehicles.

Ancillary Services

Beyond fund and wealth work, Cicerone offers select concierge and high-end event services for clients who require a discreet, full-service relationship in Luxembourg.

Who we work with

Alternative Investment Fund Managers

International AIFMs seeking a trusted local partner for their Luxembourg authorisation, ongoing governance and regulatory dialogue with the CSSF.

Asset Managers

Established and emerging asset managers looking to access European investors through a Luxembourg-domiciled fund platform.

Wealth Managers & Family Offices

Private wealth managers and family offices using Luxembourg as a hub for structuring, holding and transmitting assets across generations and borders.

Entrepreneurs

Business founders and investors looking to Luxembourg for holding structures, exit planning, or as a gateway to the European single market.

Private Individuals

High-net-worth individuals considering Luxembourg for tax-efficient wealth structuring, residency or long-term estate planning.

Get in touch

We work on the basis of personal introductions and direct relationships. Please reach out directly.

Contact

Company

Cicerone Luxembourg Sàrl

Email

info@cicerone.lu

Registration

RCS B0191954 · TVA LU27343628
Autorisation d'établissement 10052797/0

A note on confidentiality

All enquiries are treated with the utmost discretion. Cicerone does not disclose client relationships or mandate details to third parties under any circumstances.

Legal Disclaimer / Mentions Légales

Cicerone Luxembourg Sàrl (RCS B0191954) is a private limited company incorporated under the laws of the Grand Duchy of Luxembourg, holding establishment authorisation number 10052797/0.

The information contained on this website is provided for general informational purposes only and does not constitute legal, tax, financial or investment advice. It should not be relied upon as the basis for any investment or business decision.

Cicerone Luxembourg Sàrl makes no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability or suitability of the information on this website.

This website does not constitute an offer or solicitation to buy or sell any financial instrument or to participate in any particular trading strategy in any jurisdiction.