Universal Investment appoints new CEO

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Universal Investment appoints new CEO

Frankfurt-based investment company Universal Investment is planning to implement changes to the management of the group as planned.

As of 1 May 2019, former chief executive officer (CEO) Bernd Vorbeck hands over the baton to former chief operating officer (COO) Michael Reinhard and joins the company's Supervisory Board. In addition, he will continue to provide strategic advice to Universal Investment.

Katja Müller, previously a member of the executive board and head of Sales & Relationship Management, will take over the newly created position of chief customer officer (CCO) in order to further strengthen the customer focus in the company.

Müller will thus be complementing the C-Board, the highest executive level of the Universal-Investment Group which also includes Bernd Vorbeck, Michael Reinhard and Chief Financial Officer Frank Eggloff. The position of COO is yet to filled.

Vorbeck has been working for Universal Investment since 1989, since 1999 in the management and since 2007 chairman of the management board. He is responsible for the corporate strategy and manages the sales & relationship management for the client groups Institutional Investors and Fund Initiators as well as the four Product Units. In addition, he is the chairman of the Board of Directors of Universal Investment Luxembourg and chairman of the Supervisory Board of Universal Investment-AG TGV. Since 2007 he has also been a member of the board of the BVI Bundesverband Investment und Asset Management.

Future CEO Michael Reinhard has been COO since 2018 as well as managing sirector of Universal Investment and its IT subsidiary. Before joining Universal Investment, he worked for 15 years in various executive positions at the AXA Group, most recently as global head of Operations at AXA Investment Managers in Paris. He has been responsible for global teams in the UK, Luxembourg, Ireland, the US and Asia, and has broad international experience. Reinhard started his career as Principal Consultant at the consulting firm PricewaterhouseCoopers.

Müller 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. She 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.