MainFirst Expands Its Presence in Luxembourg
MainFirst Affiliated Fund Managers S.A. Appoints Marc-Oliver Scharwath as Member of the Executive Board effective 1 October
Luxembourg, 01 October 2018 – MainFirst strengthens its presence in Luxembourg and has appointed Marc-Oliver Scharwath as a new member of the Executive Board of MainFirst Affiliated Fund Managers S.A. effective 1 October 2018. Scharwath will work to further expand MainFirst’s local presence in Luxembourg and be responsible for the areas of Relationship Management & Marketing, Finance & Controlling as well as Product Management for Alternative Investment Structures.
The 41-year-old has been working in the financial sector in Luxembourg for more than ten years. Before joining MainFirst, Scharwath was responsible for the expansion of Universal-Investment’s Luxembourg platform as Managing Director and Country Head. The fully qualified lawyer, who also holds a Master of Laws degree in International Commercial and Business Law (LL.M.), has an international education that also took him to Great Britain and the USA in addition to his studies in Germany.
“We are delighted to have brought Marc-Oliver Scharwath on board. With his many years of experience, he is exactly the right person to expand MainFirst’s third party business in Luxembourg, especially in the area of alternative investments,” states Oliver Haseley, Head of MainFirst Asset Management.
“I am very much looking forward to the new challenges at MainFirst,” says Scharwath, “MainFirst has implemented the right set-up in Luxembourg within a relatively short period of time to generate further growth potential, not least in the area of alternative investments. With its independence, multi-boutique approach and strong asset management expertise, MainFirst is well positioned in the current highly competitive market environment where consolidation is the order of the day”.