Frankfurt am Main, February 18 2019
"In his 30 years at Universal-Investment, Bernd Vorbeck set the crucial sights for transforming a small administration specialist into the largest independent investment company in Germany. I will continue this successful strategy and make the company a European fund service platform. Universal-Investment is also to become a digital pioneer of the fund industry", says the future CEO Michael Reinhard. And as Daniel Fischer, Director at the shareholder Montagu Private Equity, adds: "As leading Master KVG for all asset classes, Universal-Investment is an unparalleled success story - with Bernd Vorbeck having played a decisive role here. We are convinced that the company will continue to benefit from his expertise in his future roles as Supervisory Board member, adviser and member of the Investment Board.
"I am proud that I was able to accompany Universal-Investment and the dedicated people who contributed to this success, and to have played an active role in shaping the company’s transformation into the top infrastructure platform for the fund industry. In the last two years, we have successfully laid the foundations for Universal-Investment’s future development, and this is now an opportune time to usher in a new generation in management. With Michael Reinhard, we have found an acknowledged industry expert whose extensive know-how and international experience will deliver important stimulus for consistently developing Universal-Investment. As member of the Supervisory Board, I am delighted to be able to continue working closely with him," says Bernd Vorbeck.
Bernd Vorbeck has been working at Universal-Investment since 1989, member of the Management Board since 1999 and Chief Executive Officer of Universal-Investment-Gesellschaft mbH since 2007. He is responsible for corporate strategy and manages the Sales & Relationship Management for the customer groups Institutional Investors and Fund Initiators as well as the four Product Units. The 57-year-old is also President of the Administrative Board of Universal-Investment-Luxemburg S.A. and Chairman of the Supervisory Board of Universal-Investment-AG TGV. Since 2007 he has also been member of the Management Board of the German Investment Funds Association BVI (Bundesverband Investment und Asset Management e.V.).
Former CEO Bernd Vorbeck to change to Supervisory Board
Successful growth strategy to be continued
Katja Müller to be appointed new Chief Customer Officer
Search underway for new COO
The future CEO Michael Reinhard has been COO and Managing Director of Universal-Investment-Gesellschaft mbH and its IT subsidiary since 2018. Before joining Universal-Investment, the 45-year-old worked for 15 years in various executive functions at the AXA Group, where his most recent post was as Global Head of Operations at AXA Investment Managers in Paris. There he was responsible for global teams in Great Britain, Luxembourg, Ireland, the USA and Asia etc., and can thus draw on extensive international experience. Reinhard started his career as Principal Consultant at the management consulting firm PricewaterhouseCoopers.
Complementing the C-Board is Katja Müller in her future position as Chief Customer Officer. She will continue to drive the business with institutional investors such as pension funds or insurance companies, and with fund initiators such as portfolio managers or international asset managers. "For the success of an infrastructure platform such as Universal-Investment, it is vital to give clear priority to our customers. With the appointment of Katja Müller as Chief Customer Officer, we want to further strengthen this focus. We are therefore very pleased to have been able to select a successful expert from our own ranks for the newly created role of Chief Customer Officer," says Michael Reinhard.
Katja Müller has been in various executive positions at Universal-Investment since 2014. In 2015, she took over as head of the newly created Sales & Relationship Management division, and since then has made a significant contribution to the company's high net inflows which way exceed the sector average. Since 2017 she has also been member of the investment company's Management Board. Before joining Universal-Investment, she worked for twelve years at Deutsche Bank Group, most recently as Global Chief Operating Officer of the international group tax department. Prior to that, she worked for ten years in various positions at DWS, including Head of the Fiduciary Management Platform.
Universal-Investment is the largest independent investment company in the German-speaking world and has been on a strong expansion course for many years. As Master KVG and Service KVG for institutional investors and fund initiators, the company currently administers assets worth more than 411 billion euros, an increase of 55 billion euros within a year. With a share of 22 percent of all net inflows in the past ten years, Universal-Investment also ranks first in the industry according to the BVI statistics for October 2018.
As future CEO Michael Reinhard says, "Our goal is for Universal-Investment to administer more than 500 billion euros by 2023 and evolve into the largest fund service platform for all asset classes in Europe. To achieve this, the investment company is stepping up its investments in internationalization, employees and technologies. For example, 150 additional jobs are currently being created at the new location in Krakow to enable us to recruit additional skilled workers. We have also raised our investments in IT, for example in robot-assisted automation: “Our goal is, as innovation leader, to advance digitalization in the fund industry and continue offering clients excellent service in the future,” Reinhard continues. The company also intends to actively shape the consolidation in the fund industry, either by way of acquisitions or in the form of sourcing solutions for other investment management companies and asset managers.