Universal Investment (UI) has appointed Etienne Rougier as Luxembourg country head. He replaces Sofia Harrschar, who has held the position since 2021.
In addition to his existing role as chief operating officer for Universal Investment, Rougier is now responsible for the Luxembourg business’ growth. UI currently employs more than 500 workers in the jurisdiction, and holds a combined €294 billion in assets under administration.
Rougier will also oversee UI’s continued integration with specialised financial services company efa, which the group acquired in 2022.
Rougier has more than 15 years of industry experience, and joined UI in April of this year. Prior to this he spent almost a decade with AllianceBernstein, initially as chief operating officer for insurance in EMEA before being appointed head of EMEA and Asia insurance in 2022.
Earlier in his career, Rougier was chief operating officer and head of strategy at Architas Multi Manager and held a number of roles at AXA Investment Managers, most latterly as global head of change management.
Commencing on the appointment, David Blumer, executive chairman of the Universal Investment Group, says: "With more than two decades experience in the asset management industry, Etienne will drive the continuous development of our Luxembourg platform, which is core to Universal Investment’s growth strategy.
“We would like to thank Sofia Harrschar for her significant contribution to the Luxembourg platform.”
