David Blumer will take over as Executive Chairman of Universal Investment Group from Michael Reinhard
25. May 2023
Frankfurt am Main
- Michael Reinhard has decided to seek new challenges
- David Blumer heads the Investment Board of Universal Investment Group and has extensive experience in the fund industry
- Heiko Laubheimer becomes new Group CFO as of 1 June
Michael Reinhard has decided to step down from his position as CEO of Universal Investment Group as of 25 May to seek new challenges. David Blumer, who has been Non-Executive Chairman of the Investment Board of Universal Investment Group for over a year, is to take on the role of Executive Chairman and lead the company together with the strong management team with Katja Müller (CCO), Frank Eggloff (CRO), Etienne Rougier (COO) and the shortly joining CFO Heiko Laubheimer until a new CEO is appointed. The recently already expanded management team will seamlessly pursue the company’s successful business strategy and will continue to keep client focus a priority.
David has substantial experience in the fund industry gained in former roles as former Head of EMEA at BlackRock, Chief Investment Officer at Swiss Re and CEO of Credit Suisse Asset Management. "I have followed Universal Investment Group's impressive growth for some time now and am looking forward to the challenge of leading the business on an interim basis with its experienced management team." says David Blumer. He is therefore familiar with the clients, the German market and the company.
Michael Reinhard is looking back on a very successful career with Universal Investment Group. He joined in 2018 as COO and became CEO in 2019. Under his leadership, the company developed its international footprint and became the leading European Management Company with administration capabilities. It has grown from about 400 bn EUR under administration to almost 1tn EUR under administration. This was mainly achieved by growing organically and by acquiring Metzler Ireland and European Fund Administration. Michael also played a key role in bringing in CPP as new investors to support the next phase of Universal Investment’s growth.
"We would like to thank Michael for his contribution to the success of Universal Investment Group and wish him all the best for the future", said Daniel Fischer, Partner at Montagu.
Heiko Laubheimer becomes new Chief Financial Officer
The C-suite of the Universal Investment Group will be complemented by Heiko Laubheimer resumes the role as new Chief Financial Officer (CFO) as of 1 June.
Heiko Laubheimer joins from the internationally operating energy service provider G+E GETEC Holding, where he most recently held the role of interim CEO in addition to his role as Group CFO.
The financial expert started his professional career as a project manager for audit and transaction services at Arthur Andersen in Stuttgart. Further professional stations led him to the GARDENA / Husqvarna Group in Ulm, Intersnack and to BARTEC Group.
"We are happy that Heiko Laubheimer is joining our group. His wealth of deep experience, built over 25 years, will be instrumental in adding further chapters to our success story," says David Blumer. Heiko Laubheimer adds: " I am very much looking forward to joining such a dynamically growing company fills me with pride. to the new task and working in the international team of Universal Investment Group."
About Universal Investment
The Universal Investment Group is one of Europe's leading fund service platforms and Super ManCos with around EUR 979 billion in assets under administration, about 2,000 fund and investment mandates and a workforce of more than 1,700 at locations in Frankfurt am Main, Luxembourg, Dublin, London, Paris, Hamburg and Krakow. Founded in 1968, the company is an independent platform for asset managers as well as institutional investors offering structuring and administration solutions as well as risk management for Securities, Real Estate and Alternative Investments. The companies UI efa, UI labs, UI Enlyte and CAPinside complement the group’s innovative service offering. Universal Investment is a signatory of the UN Principles of Responsible Investment. (as of April 2023)