Frankfurt, July 12 2021

Sofia Harrschar appointed Country Head of Universal-Investment in Luxembourg

Dr Sofia Harrschar is taking over the leadership of the Universal-Investment Group’s Luxembourg office. In her function as Country Head, Sofia Harrschar will manage around 120 employees who, together, manage Assets under Administration of approximately 100 billion euros. The fund platform has grown into the largest AIF and third-party ManCo in the Grand Duchy in recent years. She will be succeeding Sean O'Driscoll, who is leaving the company at the end of July. The appointment is still subject to the approval of the Luxembourg financial supervisory authority CSSF. In addition to the Country Head, the management team of Universal-Investment Luxembourg also consists of the Conducting Officers Ludmila Careri, Martin Groos and Matthias Müller.

Sofia Harrschar has been with Universal-Investment based in Frankfurt for ten years. She is a member of the Management Board and heads the Alternative Investments & Structuring division globally. She has successfully built up and expanded this division and, with her team of currently 47 employees, manages a volume of more than 60 billion euros. Sofia Harrschar is responsible for the structuring and implementation of alternative assets solutions as well as complex securities funds for both institutional investors and fund initiators. The alternative investments are mainly implemented via Luxembourg funds. Harrschar will continue to be responsible for the division.

Michael Reinhard, CEO of Universal-Investment, comments: "I am very pleased that Sofia will be leading our Luxembourg platform. With her expertise, leadership and commitment, she is the ideal person for this position. Luxembourg is a very important building block for our strategic ambition to become the leading European fund service platform and Super ManCo for all asset classes by 2023. At the same time, we thank Sean for his significant contribution to the further development of Universal-Investment and wish him all the best for the future."

Dr Sofia Harrschar to drive forward the successful development of the Luxembourg office leveraging fully the Group’s capabilities

Harrschar continues to head the Alternative Investments & Structuring division

Dr Sofia Harrschar

Sofia Harrschar adds: "My future dual responsibility is ideally suited to dovetail the Frankfurt and Luxembourg locations even more closely. This will allow us to develop additional innovative solutions and structuring for institutional investors and fund initiators. I see great potential here for the expansion of our services and further growth."

The Universal-Investment Group has demonstrated resilient growth during the pandemic. At the end of May, the assets under administration amounted to 687 billion euros, an increase of 171 billion euros or about one third within only one year. In recent years, the Group has become a major player in the European market, both in Luxembourg and through acquisitions in Ireland.

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Bernd Obergfell

Head of Communications

Phone
+49 69 71043-575

e-mail
bernd.obergfell@universal-investment.com

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