- Universal Investment Group names Francesca McDonagh as new group CEO, effective from January 1, 2024.
- Francesca McDonagh previously served as the group CEO of Bank of Ireland and led key acquisitions and digital banking initiatives.
- She also worked as the group COO of Credit Suisse, overseeing strategic initiatives, including an acquisition into UBS Group.
- McDonagh’s extensive industry experience primarily comes from her roles at HSBC, including heading its European retail and wealth management business.
- Universal-Investment is a Frankfurt-based Super ManCo specializing in investment solutions for institutional investors, with around €979 billion in assets under administration and 2,000 fund mandates.
- As group CEO, McDonagh’s responsibilities include geographical expansion, mergers and acquisitions, and enhancing current services with support from shareholders Montagu and CPP Investments.
- McDonagh’s strategy for Universal Investment focuses on internationalization to accelerate growth and better serve clients within and beyond Europe.
- After McDonagh’s appointment, David Blumer will resume his role as chairman of the group’s board, praising McDonagh’s growth and client-focused track record.
