Fund services platform Universal Investment Group has appointed Francesca McDonagh as its new group CEO, effective January 1, 2024.
David Blumer, who has been leading the business as the interim group CEO for the past five months, will continue as chairman from that date and support McDonagh and the management team.
Francesca has held leadership roles in the financial services sector over the past 25 years with a focus on business growth, service and technology improvement.
Most recently, she was group chief operating officer of Credit Suisse Group where she led strategic initiatives while also helping oversee the bank’s integration into UBS Group earlier this year. Before that, she was the group CEO of the Bank of Ireland.
In her new role, Francesca will be backed by Universal Investment shareholders Montagu and CPP Investments, who are committed to supporting the company’s growth over the coming years.
Francesca McDonagh said: “Further internationalisation will be key to accelerating Universal Investment’s successful growth trajectory, enabling the firm to be a better partner for its clients within and beyond Europe.”
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