Universal Investments has hired Michael Reinhard as COO covering administration services.
He will join the group’s top management in April and become responsible for the group’s core fund accounting as well as its IT division.
Reinhard joins from AXA Investment Managers in Paris, where he spent the past eight years as global head of Operations and director. Prior to that, he worked as global head of Corporate Projects and Operational Excellence with the French firm. He began his career began as principal consultant at PricewaterhouseCoopers.
“With his international experience, his strategic competence in the transformation of operational models, and his expertise in product, process and production efficiency, Michael Reinhard will strongly contribute making Universal-Investment the leading European fund service platform for all asset classes in the next five years,” comments Bernd Vorbeck, Chief Executive Officer at Universal-Investment.
Universal Investment has reported 45bn in net inflows in 2017 and aims to increase its assets under administration from €355bn in 2017 to €500bn by 2023.