Frankfurt am Main, February 1 2017
Frank Eggloff in charge of Finance and Controlling
UI ready for next growth phase
Frank Eggloff, 49, was previously Managing Director and Chief Financial Officer (CFO) at State Street Bank International in Munich. Prior to that, he held various positions in the banks’ finance, tax and controlling functions over nearly 15 years. In addition, Frank Eggloff served in several management roles at State Street’s European organization, among others as Managing Director of the several subsidiaries and Head of the Luxembourg branch. He began his career at international accounting firm Arthur Andersen in Germany and the United States in the early 1990s. Frank Eggloff holds a degree in business administration.
“We are delighted to have Frank Eggloff on board as a recognised financial expert. The newly extended Management Board will further add to Universal-Investment’s strength,” said Bernd Vorbeck, Spokesman of the Management Board at Universal-Investment. Alongside Frank Eggloff and Bernd Vorbeck, the now six-member Board will continue to include Oliver Harth, in charge of administration services and IT, Markus Neubauer, responsible for institutional investors and master funds (Master KVG), Stefan Rockel, primarily in charge of structuring solutions in the real assets area, and Alexander Tannenbaum, who primarily oversees the real estate activities.
“I look forward to this new challenge and will help to spearhead Universal-Investment in its next growth phase,” Frank Eggloff stressed. The fund company was again ranked among Germany’s fastest-growing investment companies in 2016, increasing its assets under administration by more than EUR 30 billion to currently EUR 290 billion. At EUR 25 billion, the company recorded the highest net inflows in its sector in 2016. The key drivers of this strong growth included such business areas as real estate and real asset structuring as well as traditional securities funds.
Operating through three areas - Administration, Insourcing and Risk Management - Universal-Investment focuses on efficient, risk-oriented management of funds, securities, alternative investments and real estate. The Universal-Investment Group, which was founded in 1968, has its head office in Frankfurt am Main as well as subsidiaries and holdings in Luxembourg and Austria. The company is known as a pioneer in the investment industry and today is the market leader in the areas of master funds (Master KVG) and private label funds. In January 2017, Universal-Investment was acquired by leading European private equity firm Montagu Private Equity.