Frankfurt am Main, July 14 2017
Bernd Vorbeck, Chief Executive Officer of Universal-Investment, and Daniel Fischer, Director of parent company Montagu Private Equity and a member of the Supervisory Board of Universal-Investment, both expressed their understanding for his decision. “Over the last 15 years, Oliver Harth has played a significant role in enabling Universal-Investment to develop into the leading independent provider of Master-KVG (master fund) and administration platforms,” Fischer said. Bernd Vorbeck and Daniel Fischer thank Oliver Harth for his contribution to developing the group of companies and wish him great success in his future endeavours.
The company’s remaining managing directors will take charge of Oliver Harth’s areas of responsibility, such as administration services and IT, on an interim basis. Besides Bernd Vorbeck, the Management Board of Universal-Investment includes Frank Eggloff as Chief Financial Officer, Markus Neubauer, Stefan Rockel and Alexander Tannenbaum.
“As the largest independent investment company in der German-speaking region, Universal-Investment – also thanks to the longstanding dedication of Oliver Harth – remains on an expansionary growth path, with assets under administration exceeding €300 billion for the first time in 2017,” Bernd Vorbeck says in describing business developments. The company currently administers €314 billion in more than 1,000 funds for institutional investors, fund initiators and insourcing partners. Within a year, assets under management rose by more than €45 billion, or 15 percent.
In addition to the traditional management of mutual funds and Spezialfonds (special funds for institutional investors), the new business areas of property and real assets, in particular, have contributed to the company’s growth. Since its successful entry into the real estate business in 2011, Universal-Investment has developed into the largest capital management company for institutional real estate funds in Germany, managing €10 billion in real estate assets. According to PwC’s latest Management Companies (ManCos) Survey in 2017, Universal-Investment is also the largest AIFM management company in Luxembourg and is ranked second among third-party management companies.