Press Release
Universal Investment Group strengthens management team of German ManCo
Date:
05. December 2024
Frankfurt am Main
- Kurt Jovy and Jochen Meyers join the management board of Universal Investment's German platform
Universal Investment Group has strengthened the management of its German management company (KVG) by appointing two seasoned managers from within its own ranks. Jochen Meyers, Group Head of Relationship Management, and Kurt Jovy, Head of Real Estate at UI BVK KVG, are now part of the management team at Universal-Investment-Gesellschaft mbH (UID).
Universal Investment puts emphasis on expertise and client-centric approach
Jochen Meyers
In October 2024, Jochen Meyers took on the new role of Group Head of Relationship Management, responsible for overseeing all client relationships across UI Group. Meyers, who joined Universal Investment in 2019, was previously Head of Relationship Management for Institutional Investors and brings over 25 years of experience in funds services an relationship management. Mathias Heiss, CEO of UID, said: "Germany remains our home base and the most important market for the UI Group, with ongoing demand for specialised fund services. Our goal is to provide the continuity our clients need to support the growth of asset managers and asset owners alike."
Kurt Jovy has been with Universal Investment since 2021 and takes over the role as Head of Real Estate as Managing Director. With over 25 years of international experience in real estate asset, investment, and property management, Jovy will succeed Axel Vespermann on the Management Board, who will leave on 30 November 2024 to pursue new opportunities outside UI Group. During his five years with Universal Investment, Vespermann made significant contributions to expanding the property business. Mathias Heiß, CEO of UID, expressed his appreciation, saying: "Our sincere thanks go to Axel Vespermann, who, together with his team, increased the fund volume from EUR 20 billion to around EUR 35 billion since 2020. We are delighted to entrust this successful development and its continuation to such an experienced colleague as Kurt Jovy."
Kurt Jovy Continued growth in Germany
The German ManCo is one of the three fund services platforms of Universal Investment Group, alongside Luxembourg and Ireland. In terms of assets under administration, Universal Investment Group is the largest German ManCo (KVG) with assets under administration of EUR 1.1 trillion. By the end of August 2024, Universal Investment Group recorded new net inflows of EUR 17.5 billion into its funds. Industry-wide, total new investments in Germany in the same period totalled EUR 20 billion.Media contact
Bernd Obergfell
Head of External Communications