Universal Investment has announced the appointment of Victor Bemmann (pictured above) as head of Portfolio Management and member of the Management Board, effective 1 December 2019.
Bemmann succeeds Peter Flöck, who will take over the management of product management within the portfolio management.
"Over the past twelve years, Flöck and his team have been extremely successful in expanding the portfolio management of Universal Investment and making it an indispensable part of our range of services. We are very grateful for his essential contribution and are pleased that his excellent expertise remains for our customers as well as for us," said Michael Reinhard, CEO of Universal Investment.
"Bemmann is a real asset to Universal Investment as an experienced overlay management solutions specialist. With his extensive know-how, we will continue our growth strategy in portfolio management, "continued Reinhard.
Bemmann worked for DWS for twelve years. Since 2013, he has been responsible for client mandates with a volume of more than €20bn as head of Overlay Management. He was responsible for institutional investors for risk overlays, tactical overlays, duration overlays as well as multi-asset portfolios with customised risk budgets. Previously, he was portfolio manager Overlay Management and analyst for Investment and Pension Solutions and also worked for institutional investors.