Press release

Press release

Frankfurt am Main, March 8 2018

Michael Reinhard is appointed new COO at Universal-Investment

With the appointment of Michael Reinhard as new Chief Operating Officer (COO), Universal-Investment is completing its top level management. Starting in April, he will be responsible for Administration Services, including the core function fund-accounting, as well as the IT division at the largest independent investment company in the German-speaking region.

The 44-year-old previously spent eight years as Global Head of Operations and Director at AXA Investment Managers in Paris, where he was in charge of the group’s investment, fund and client operations worldwide with suitably international teams. In addition, he was responsible for the group’s operational model, its optimisation and digitalisation, the development of innovative services as well as product implementation. During the last 15 years he held various management roles at the French asset management company. After training as a bank clark and completing his degree in business administration, Reinhard began his career as principal consultant at the consulting firm PricewaterhouseCoopers.

“With his international experience, his strategic competence in the transformation of operational models, and his expertise in product, process and production efficiency, Michael Reinhard will strongly contribute making Universal-Investment the leading European fund service platform for all asset classes in the next five years,” says Bernd Vorbeck, Chief Executive Officer at Universal-Investment. The company aims to increase its assets under administration to EUR 500 billion by 2023.

“Universal-Investment is one of the biggest success stories in the German investment industry and I am looking forward to the challenge of playing an active role, driving this story forward in a European context,” says Reinhard, who will manage the Universal-Investment Group together with Vorbeck und Frank Eggloff. As Chief Executive Officer, Vorbeck is in charge of corporate strategy and oversees the client departments and Portfolio Management, among other areas. As Chief Financial/Administrative Officer, Eggloff is responsible for Accounting & Treasury and Controlling, as well as Risk Controlling and Legal & Compliance.

Universal-Investment remains on strong growth track

As market leader for Master-KVG and private label funds, Universal-Investment has been able to multiply its administered asset volumes in recent years. In 2017, the investment company was ranked No. 1 in Germany with net inflows of EUR 46 billion. Based on administered volumes, Universal-Investment – which was founded in 1968 – is now one of the three largest investment companies in Germany, with EUR 355 billion at the end of last year. In particular, business areas such as real estate and real-asset structuring as well as the launch and administration of traditional investment funds contributed to this strong growth.

Michael Reinhard, COO, Universal-Investment

Keyfacts

Responsible for Administration Services and IT

Universal-Investment aims to become the leading European fund service platform for all asset classes

Bernd Obergfell

Head of Communications

Phone
+49 69 71043-575

e-mail
bernd.obergfell@universal-investment.com

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