Frankfurt am Main, April 1 2019
New IT Managing Director starts on 1 April 2019
Further development and implementation of digitisation strategy central task
Steers new Emerging Tech team
"With Christian Reitz, we are welcoming a renowned industry expert who will bring us a step closer to reaching our objectives. I am delighted to be working with him and making Universal-Investment a digital pioneer in the fund industry. The technologies and solutions that we will develop and implement over the next few years will not only help us to further develop our successful business model, but will also help us to explore new avenues together with our customers," said Michael Reinhard, COO and new CEO of Universal-Investment as of May, commenting on the appointment.
Reitz has been active in the financial sector for several years. Over the past three years, Reitz has worked for the fund company Union Investment. Previously, he was co-founder of the technology company Netbiscuits. For almost 15 years, as Chief Technology Officer, he drove the growth of the start-up and helped to establish it as a world market leader in the mobile internet sector.
Reitz will use his experience from start-up times, but also with established players in the industry, in the future to further accelerate Universal-Investment's digitization course. Today, the company uses software robots for automation for example.
"The technological changes of the past and the future offer enormous opportunities for the financial industry. I am looking forward to the new challenge at Universal-Investment and to analysing these possibilities together with my colleagues and implementing them sensibly as new digital services. The focus on the needs of customers and employees has top priority," explains Christian Reitz.
Emerging Tech Team
Reitz receives support and backing not only from the management, but also from the "Emerging Tech Team" of Universal-Investment. The unit identifies technology trends and evaluates their potential benefits for customers and the company. In Proof of Concepts, the team tests the potential implementation and, if successful, transfers it together with the product units into new products or processes.
Universal-Investment has also recently found a new manager for this area internally. Mario Röcher, who has been working for the IT subsidiary as a leading software architect for more than 15 years, is also assuming his new role as Head of Emerging Tech Team on April 1, 2019 and is responsible for a team of seven.
Largest independent fund company for all asset classes by 2023
The appointment of Reitz and the establishment of the Emerging Tech team is the next logical step in executing Universal-investment’s corporate strategy. By 2023, the master KVG wants to become the leading European fund service platform for all asset classes and administer a volume of more than EUR 500 billion. To this end, the company is adapting to the changing conditions in the industry and investing in the evolution of the business model.