FINANCIAL COOPERATIVE ASSOCIATION OF INTERNATIONAL CIVIL SERVANTS
N° 85 / AUGUST 2022
Results of the 31st General Meeting – 2022
The 31st Ordinary General Meeting was held virtually from 13 to 24 June. Throughout this period you were able to vote thanks to our new module accessible directly from your amfie.net area. With easier access to voting, 27% more of you expressed your opinion than last year. Thank you for participating.
All resolutions were approved and here are the members who were elected to the Board of Directors (in alphabetical order): Mr Daniel Henquet, Ms Adrienne Hervé, Mr Nicolas Salomon, Ms Rita Umeh Okoyeocha. Congratulations to the newly elected or re-elected members!
Saturday 25 June
The Chairman of the Board of Directors, Mr Stéphane Argyropoulos, invited the members to participate in the presentation of the results of the General Meeting. This meeting was an opportunity to warmly thank Mr. Muammer Kardelen for his work and competence in the service of our members. On behalf of the Grand Duke, he was appointed Knight of the Grand Ducal Order of the Oak Crown. This honorary title rewards 43 years of service to financial institutions in the Grand Duchy of Luxembourg, including 12 years as Managing Director of AMFIE.
Even though he is at an age where he can look forward to a well-deserved retirement, Mr Kardelen is continuing his adventure with AMFIE as Chief Investment Officer. He will continue to manage your assets with talent and rigour.
Nicolas Horlait, who joined us in 2015 as Operations Manager, naturally takes over the responsibilities of Managing Director. To manage AMFIE, he will be accompanied by Giancarlo Danieli, Head of Development, with whom he shares executive responsibility.
How does a foreign exchange transaction work with AMFIE?
To guarantee you the best interbank rates, AMFIE chooses to apply the D+2 value date as is customary on the foreign exchange markets. When we receive your instruction (before noon for an amount > €50,000 or currency equivalent, and until 3pm for an amount < €50,000 or currency equivalent), it is processed the same day, and you benefit from the exchange rate of the day.
The computer system records the exchange transaction with the value date D+2 but makes it visible on your accounts from day D. If you have requested to execute the exchange from a savings account, the adjustment between the savings and current accounts will be done at value D and visible at D+2.
Yields 3rd quarter 2022
The Board of Directors has decided to maintain the AMFIE yields for the 3rd quarter 2022.
Please find the returns on the Savings account, the term deposit AMFIE Flexible, and the Savings account 0-18 with the link below. You will also consult the AMFund past perfomances.