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Universal Investment and Alumia partner on fund servicing initiative
27 September 2023 Luxembourg
Reporter: Lucy Carter

Image: REDPIXEL/stock.adobe.com
Universal Investment Group has partnered on a joint venture with investment advisory firm Alumia, expanding its fund servicing capabilities through the independent matching of asset managers and investors.

Alumia, the majority shareholder in the venture, provides investment strategies to asset managers and owners. The firm assists clients in business expansion through co-investment, capital introductions and access to the company’ network.

Universal Investment Group provides fund services, structuring and administration solutions and risk management to securities, real estate and alternative investments. The firm currently holds approximately €987 billion in assets under administration, and is active across eight European locations.

David Saab, Alumia CEO, says: “For asset managers, building an experienced and global sales force, while meeting regulatory requirements and also using digital channels, has steadily become more challenging and costly.”

Katja Müller, chief customer officer at Universal Investment, comments “Active distribution capabilities are a key differentiator for third-party ManCos and AIFMs such as Universal Investment Group. Partnering with Alumia is therefore an important milestone in our approach to further expand our existing distribution capabilities and boost our attractiveness as a fund service platform and ManCo.”
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