Frankfurt am Main, November 8 2018
The company has also recorded the highest profit in its history. "We are proud of what we have achieved together. This success would not have been possible without the trust of our clients and the commitment of our employees", says Bernd Vorbeck, CEO of Universal-Investment. We have a unique offering of products and services in Germany that encompasses all asset classes, fund vehicles, insourcing and of course the Master Service KVGs. With a share of 22 percent of all net inflows in the past ten years, Universal-Investment ranks first in the industry according to the German investment funds association BVI statistics for October this year.
One of the greatest growth stories in the German investment industry
For the first time more than EUR 400 billion in administered assets
Most successful year in the company's history
Target for 2023 - become largest fund service platform for all asset classes in Europe
Universal-Investment has set itself the goal of recording more than EUR 500 billion in assets under administration in five years’ time and becoming the largest fund service platform for all asset classes in Europe. At the end of September 2018, Universal-Investment was managing assets to the tune of EUR 404 billion - an increase of more than 22 percent compared with the same period of the previous year. The private label segment accounted for EUR 30.4 billion of this amount, almost 20 percent more than in the same period of the previous year. Last financial year, the Company launched more than 120 new mutual funds for fund partners and recorded net inflows of EUR 4.4 billion.
To achieve its goals, the investment company is stepping up its capital expenditure in internationalization, employees and technologies. At the new location in Krakow, 150 additional jobs are to be created in the medium term with the aim of gaining additional professional. A significant portion of capital expenditure is also flowing into IT and new technologies. An "Emerging Tech Team" is currently being set up at to test technological innovations and implement them as required. A first innovation - robot-supported process automation - is already being put into practice. The aim is to use these investments to advance digitalization in the fund industry and continue offering clients excellent service in the future.