is making a number of planned changes to the Group’s management. Chief Executive Officer (CEO) Bernd Vorbeck is handing over leadership to the current Chief Operating Officer (COO) Michael Reinhard on 1 May and changing to the company's Supervisory Board. In his new function, he will continue advising Universal-Investment in strategic questions. As the new CEO, Michael Reinhard will continue the company's successful strategy.
The future CEO Michael Reinhard has been COO and Managing Director of Universal-Investment-Gesellschaft and its IT subsidiary since 2018. Before joining Universal-Investment, the 45-year-old worked for 15 years in various executive functions at the AXA Group
, where his most recent post was as Global Head of Operations at AXA Investment Managers in Paris. There he was responsible for global teams in Great Britain, Luxembourg, Ireland, the USA and Asia etc., and can thus draw on extensive international experience. Reinhard started his career as Principal Consultant at the management consulting firm PwC
"I am proud that I was able to accompany Universal-Investment and the dedicated people who contributed to this success and to have played an active role in shaping the company’s transformation into the top infrastructure platform for the fund industry. In the last two years, we have successfully laid the foundations for Universal-Investment’s future development, and this is now an opportune time to usher in a new generation in management. With Michael Reinhard, we have found an acknowledged industry expert whose extensive know-how and international experience will deliver important stimulus for consistently developing Universal-Investment. As the member of the Supervisory Board, I am delighted to be able to continue working closely with him," says Bernd Vorbeck.
"In his 30 years at Universal-Investment, Bernd Vorbeck set the crucial sights for transforming a small administration specialist into the largest independent investment company in Germany. I will continue this successful strategy and make the company a European fund service platform. Universal-Investment is also to become a digital pioneer of the fund industry", says the future CEO Michael Reinhard.