Frankfurt am Main, June 12 2019

Daniel Andemeskel to boost Universal-Investment’s innovation agenda

Germany’s largest independent fund service platform Universal-Investment has appointed Daniel Andemeskel as Head of Innovation Management. In this newly created function, the internationally experienced senior executive is responsible for the Group's innovation agenda, the development of new business models and further improving the service quality for Universal-Investment customers. To this end, he will evaluate technological and business trends, among others Artificial Intelligence, Machine Learning, Blockchain and Digital Assets as well as Big Data. Andemeskel moves to Frankfurt coming from Paris, where he previously held a similar role for AXA Investment Managers.

"I am looking forward to Daniel’s expertise in the field of innovation management and respective strategic programmes. It is precisely these skills that Universal-Investment needs to achieve our goals and remain one of the innovation drivers in the fund industry," said Michael Reinhard, CEO of Universal-Investment. By 2023, the company aims to become the leading European fund service platform for all asset classes.

Development of next-generation fund services and new business models
His tasks in the new role include building up and developing Universal-Investment Group's innovation agenda with the objective to create the next generation of fund services and to develop new business models in close collaboration with the product units. To this end, he monitors and evaluates the status quo in the asset management industry and identifies new trends. He is also responsible for managing specific innovation projects. This includes new technologies and approaches with disruptive potential, including initial feasibility studies and the development of prototypes.

"The path Universal-Investment has taken over the past twelve years has impressed me. It will be even more exciting to follow the direction we are now taking and to shape it substantially. I am therefore thrilled to contribute to making the company more innovative and international and to set new standards in the fund industry," Andemeskel commented.

Andemeskel will among other things, develop and maintain relationships with the FinTech and Reg-Tech industries as well as establish new cooperations and partnerships. He will work closely with the recently appointed Head of Digital Transformation, Christian Reitz, and Head of Emerging Technology, Mario Röcher, who are both responsible for technical and operational evaluation and implementation. Andemeskel will report directly to CEO Michael Reinhard.

Back to the roots
Andemeskel is not completely unknown at Universal-Investment: From 2003 to 2007 he worked on various projects and developments as an interdisciplinary interface for the investment management company. Andemeskel began his career as a management board assistant at Union Investment in 1999, while obtaining his university master’s degree in business administration. After working for a management consultancy and Universal-Investment, he moved to AXA IM in autumn 2007, where he worked in various roles for a total of twelve years. Most recently, he managed the set-up of a Liquid-Alternatives Investment-Platform in Hong Kong with assets under management amounting to one billion euros within one year and initiated various cooperations, such as the partnership with the Swedish FinTech Dreams in 2018.

New Director takes over as Head of Innovation Management

Experienced senior executive responsible for innovation strategy

Development of next-generation fund services and new business models

Daniel Andemeskel, Head of Innovation Management, Universal-Investment

Bernd Obergfell

Head of Communications

+49 69 71043-575


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