Dr Heinz Felder joins the UB FIGG advisory board
United Bankers Plc
PRESS RELEASE 15 February 2024 at 11:00 EET
Dr Heinz Felder joins the UB FIGG advisory board
UB Forest Industry Green Growth Fund (UB FIGG) is delighted to announce the addition of Dr Heinz Felder as a new member of its advisory board. Dr Felder has more than 30 years of experience from executive positions in the European pulp and paper industry. He joins the advisory board of UB FIGG after a long career at Stora Enso, where he held various positions including Managing Director of a production unit in France, Head of Purchasing and most recently as Senior Vice President, Group Technology and Investments.
Dr Felder's expertise and proven track record in operational issues as well as investment planning and from working with energy and bioindustry technologies and innovation will be invaluable as UB FIGG continue to search for new investments and supports the growth of our portfolio companies, as well as further strengthen our capabilities in the German-speaking region.
"Bringing Dr Felder into the advisory board reflects our fund's dedication to excellence and our belief in the power of bringing international and dynamic perspectives to the table," says Matti Lehtipuu, Managing Partner of UB FIGG. "Dr Felder's experience is perfectly aligned with our goal of investing in sustainable bioindustry innovations, and we are confident that his contributions will help us identifying the best possible investment targets.”
Dr Felder expressed enthusiasm about joining UB FIGG stating: "I am excited to join the UB FIGG advisory board, I love to work with new businesses and technology developments in the bioindustry world. And yes, contribute a bit to make our planet a greener place."
About UB FIGG
UB FIGG is a private equity fund investing in companies focused on plastic and other fossil based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and end uses. Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments. UB FIGG started its operations in January 2023 with over EUR 100 million in investment commitments. UB FIGG’s target size is EUR 300 million and the Fund accepts investments from professional investors until the target amount is reached or until July 2024.
For further information:
Matti Lehtipuu, Managing Partner, UB Forest Industry Green Growth Fund
Email: matti.lehtipuu@unitedbankers.com
Tel.: +358 40 525 5103
Heinz Felder, Advisory Board member, UB Forest Industry Green Growth Fund
Email: heinz.felder@unitedbankers.com
Tel.: +49 173 286 4644
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specializes in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 163 employees (FTE) and 31 agents (30 June 2023). In 2022, the United Bankers Group’s revenue totalled EUR 48.6 million and its adjusted operating profit amounted to EUR 16.6 million. The Group’s assets under management amount to approximately EUR 4.6 billion (30 June 2023). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit www.unitedbankers.com.
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