Grevenmacher / Frankfurt am Main, February 1 2019

Universal-Investment names new Country Head of Luxembourg

Universal-Investment group accelerates their further international growth by appointing Sean O'Driscoll as the new Country Head for Luxembourg, effective 1 February. O'Driscoll will be responsible for business development, local strategy setting, governance and day-to-day operations. Based in the Luxembourg branch office in Grevenmacher, he will report to group CEO Bernd Vorbeck. O’Driscoll completes the local management team with Stefan Rockel and Matthias Müller, both Managing Members of the Board of Directors.

Most recently, O’Driscoll served as Country Head at AXA Funds Management in the Great Duchy, being responsible for the overall ManCo governance. The US American has been working in the financial industry for more than 25 years, most of which in Europe. He started his career at State Street in Boston, Massachusetts, and moved to Ireland to build up the bank’s Dublin office and expand business with institutional investors. After seven more years in Luxembourg as a part of the senior management team, he decided to leave State Street for BlackRock. There, he was responsible for the operations teams in Luxembourg and Ireland for over eight years before he started at AXA Funds Management in 2014.

In his new role at Universal-Investment Luxembourg, O’Driscoll will further strengthen the strategic growth path of the Luxembourg platform which is focused on creating individual solutions for alternative assets as well as building fund structures for international asset managers. He will also be the key anchor point for the local market and its players, including the Association of the Luxembourg Fund Industry or the local financial sector authority CSSF. "Our team in Luxembourg plays a decisive role in achieving our growth ambitions for the next five years. We see tremendous growth opportunities with both international fund initiators as well as institutional clients through the platform we are offering there. I’m positive an experienced industry professional such as Sean O’Driscoll will contribute significantly to this goal,” commented Universal-Investment CEO Bernd Vorbeck.

Universal-Investment Luxembourg is one the fastest growing investment companies in the Grand Duchy, administrating now more than EUR 50 billion in securities and alternative investment funds, an increase of 56% year on year. According to a recent PwC study, Universal-Investment is already the largest AIFM and third-party ManCo in Luxembourg. On its path becoming the leading European fund service platform for all asset classes with EUR 500 billion under administration until 2023, the company will increase personnel significantly and further invest in its Luxembourg platform as a hub for the company’s internationalisation strategy.

Universal-Investment names Sean O'Driscoll as new Country Head of Luxembourg

Bernd Obergfell

Head of Communications

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+49 69 71043-575

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bernd.obergfell@universal-investment.com

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