The Red Thread
Global themes and outlook 2024
The Red Thread, our flagship thought leadership and insights program to create connections and ideas that help investors make sense of the world. Never has this felt more important, with a macro and geopolitical environment brooding with uncertainty.
Join us for UBS Asset Management’s inaugural Red Thread conference, where we will make sense of global markets and reframe asset allocation views.
Paolo Magri
Executive Vice President of ISPI and Professor of International Relations at Bocconi University
Bio:
Paolo Magri is the Executive Vice President
of ISPI and Professor of International
Relations at Bocconi University. He is a
member of the Strategic Committee of the
Ministry of Foreign Affairs; member of the
Europe Policy Group of the World Economic
Forum (Davos); member of the Advisory Board
of Assolombarda and of the Board of
Directors of LUISS and the Italy-China
Foundation. As a freelance journalist, he is
a regular guest commentator on television
and radio networks on global scenarios,
American foreign policy, the Middle East and
terrorism.
Michael Spence
Nobel Prize in Economics in 2001
Bio:
Michael Spence is the former dean of the
Stanford Graduate School of Business, a
professor at NYU Stern and chairman of the
Commission on Growth and Development. His
colleagues call his mind a race car and
describe this thought leader as a good
friend. Spence changed microeconomics by
showing that markets aren’t always equipped
with perfect information. Spence is above
all a macroeconomist focused on economic
growth and poverty reduction. As a
Canadian-born American citizen who has lived
in the US, Asia and Europe, he’s trotting
the globe like no other. He considers this
rewarding because it helps him to understand
"each individual place, to some extent, less
from a distance, through eyes across the
Atlantic."
Paul Donavon
UBS Global Wealth Management Chief Economist
Bio:
Paul Donovan is Head of Economics at UBS Global Wealth Management. He joined UBS in 1992 as a junior economist at the Investment Bank. As Head of Economics, he is a member of the House View Investment Forum, a thought leader at UBS and a member of UBS Pride and the UBS Art Board. He is also a member of the UBS Institute for Sustainability and Impact. Paul has been actively involved in the UBS Nobel Perspectives program and supports the UBS Women in Economics program. Paul holds a BA in Philosophy, Politics and Economics from the University of Oxford and an MA in Financial Economics from the University of London. He is also an Honorary Fellow of St Anne's College, Oxford and sits on the investment committee and development board. He is a member of the Research Advisory Board of Open for Business, a supervisor of the Directors' Institute's diversity committee, and a member of the World Economic Forum's Community of Economists and the Global Future Council on growth.
Barry Gill
UBS Asset Management, Head of Investments
Bio:
Barry Gill was appointed Head of Investments
in November 2019 and is a member of the UBS
Asset Management Management Team. He was
Head of Active Equities within UBS Asset
Management from early 2016 and, before that,
joined O’Connor in 2012 as a member of the
management group where he ran a concentrated
long/short strategy. Prior to joining
O’Connor, Barry was head of the Fundamental
Investment Group (Americas) for nearly six
years within UBS Investment Bank, investing
and trading the firm's principal capital.
Barry moved to the US in 2000 from London to
rebuild the long / short principal investing
effort within Equities following the
creation of O’Connor as a hedge fund
business. In his five years in London at SBC
and UBS, he was co-head of Pan-European
Sector Trading, a proprietary book, and
co-head of European Risk Program Trading for
two years, preceded by two years as the head
of the French trading book. Barry joined
SBC's European derivatives desk as a
graduate trainee in 1995.
Angus Muirhead
UBS Asset Management, Head of Thematic
Equities
Bio:
Angus has been appointed Head of Thematic Equities at UBS Asset Management in September 2023. He was Head of Equities at Credit Suisse Asset Management and Lead Portfolio Manager for the Robotics strategy. Angus joined the Credit Suisse Thematic Equity team in 2016 as a Senior Portfolio Manager. He started his investment career in 1997 as a buy-side equity analyst at Phillips & Drew Fund Management in London before moving to Tokyo in 2000 to focus on the Japanese technology and health-care sectors. In 2007, he moved to Zurich as a portfolio manager specializing in global technology and health-care-related thematic equity funds. Angus holds a bachelor’s degree in Modern Japanese Language and Business Studies from Durham University, United Kingdom, including a year of study at Kumamoto University, Japan, and is a CFA charterholder.
Tanja von-Ehrlich
UBS Asset Management, Head Wholesale Real
Estate & Private Markets
Bio:
Tanja von-Ehrlich is Head of Wholesale for
the Real Estate & Private Markets (REPM)
division of UBS Asset Management. She is
responsible for managing products for the
Wholesale channel and leading sales
activities with Wholesale distributors
globally in real estate, infrastructure,
private equity and private credit. Prior to
joining REPM in 2021, Tanja worked for 5
years as Head of Sales & Distribution
for UBS Partner, a FinTech providing
market-leading investment advisory
technology to private banking institutions,
working in Zurich and San Francisco.
Previously, Tanja was a member of UBS AM's
Core Product Offering Committee, which leads
regional sales across all asset classes.
Prior to that, she was responsible for
M&A and Business Development for
financial intermediaries at UBS Global
Wealth Management in Spain and Singapore.
Prior to joining UBS in 2012, Tanja was a
research fellow at the Department of
Economics at the University of Munich in
Germany. She holds a Ph.D. in Applied Game
Theory.
Jonathan Gregory
UBS Asset Management, Head of Fixed Income
UK, Senior Portfolio Manager
Bio:
Jonathan Gregory is Head of Fixed Income in
the UK and a senior portfolio manager in the
Fixed Income team. He is the lead portfolio
manager on several credit and multi sector
strategies. Jonathan is a member of the
Fixed Income Investment Forum. Jonathan
joined UBS Asset Management in 2010, having
previously been Head of Credit and Portfolio
Manager at Western Asset Management between
1998 and 2009. In that role he
was responsible for managing Global,
Euro and Sterling corporate bond portfolios
and had significant involvement in the
credit allocation for Global, Euro and UK
aggregate portfolios. Prior to his 11 years
at Western, Jonathan worked for NatWest
Markets as a credit rating analyst and in
corporate banking. He began his career in
the mortgage industry as a loan officer and
underwriter.
Thomas Kaegi
UBS Asset Management, Head Asset Management,
Singapore & SEA and Head Wholesale
Client Coverage APAC
Bio:
Thomas Kaegi is the Head Wholesale Client
Coverage APAC, as well as the Head of UBS
Asset Management Singapore & SEA. He is
the CEO and Chairman of UBS Asset Management
(Singapore) Ltd. and also serves on the
board of UBS Optimus Foundation Singapore
Ltd. As the Head Wholesale Client Coverage
APAC, Thomas is responsible for distribution
efforts to fund distributors across the UBS
AM product and service offering. As head of
Asset Management Singapore & SEA, Thomas
is responsible for developing and
implementing the strategy for the location,
as well as ensuring engagement with clients,
regulators, industry bodies and key
stakeholders. Before moving to UBS Asset
Management in 2015, Thomas worked in various
leadership roles within distribution and
research for UBS Global Wealth Management.
He started his career with UBS in 2002 in
Zurich and moved to Singapore in 2005.
Hayden Briscoe
UBS Asset Management, APAC Head of
Multi-Asset Portfolio Management and Head of
UBS Asset Management, Hong Kong
Bio:
Hayden is responsible for leading the
portfolio management of UBS Asset
Management’s APAC-based Multi-Asset
portfolios, delivering the Investment
Solutions global investment process into the
APAC region, and growing the Investment
Solutions business. He is also a member of
the Investment Solutions Leadership team and
Global Fixed Income Investment Forum. Along
with his functional role, Hayden is the Head
of UBS Asset Management Hong Kong and a
member of the board of directors. Prior to
joining UBS Asset Management, Hayden was a
Senior Vice President and Director of Asia
Pacific Fixed Income at Alliance Bernstein.
In this role he was instrumental in building
out their Asian fixed income platform and
responsible for regional and country
portfolios as well as having input in global
aggregate strategies. Hayden previously
worked at Schroders Investment Management
Fixed Income and Multi-Asset, Colonial First
State and Bankers Trust investment bank,
where he fulfilled fund management,
portfolio management, and trader roles.
Scott E. Dolan
UBS Asset Management, Head of US
Multi-Sector Fixed Income
Bio:
Scott Dolan is the Head of US Multi-Sector
Fixed Income, where he is responsible for
managing the Core, Core Plus, Long Duration
and Unconstrained investment strategies. He
is also responsible for Securitized
Portfolio Management, a role he assumed in
2008. He is a member of the Fixed Income
Investment Forum. Prior to joining the firm
in 2008, Scott was a managing director and
head of securitized assets for Citigroup
Alternative Investments. In addition to his
responsibilities as head of securitized
investments, he was a key contributor to the
interest rate outlook, yield curve and
volatility decisions. Prior to Citigroup, he
was a managing director and head of
mortgages and structured assets for Bear
Stearns Asset Management and a senior
mortgage trader at the Clinton Group. He
also worked at Deutsche Asset Management as
a managing director and co-head of the Rates
Group responsible for strategy, security
selection and trading for MBS, ABS, agencies
and treasuries. Scott started his career at
Scudder, Stevens and Clark, where he managed
total return fixed income mutual funds and
institutional portfolios.
Aleksandar Ivanovic
UBS Asset Management, Head Client Coverage, Head of EMEA and Spain
Bio:
Aleksandar Ivanovic is Head of Client
Coverage and Head of the EMEA and Spain
regions for UBS Asset Management. He is a
member of the UBS Asset Management
Management Team, the UBS EMEA Executive
Committee and the UBS Spain
Executive Committee. Aleksander was
appointed Head of Client Coverage
in May 2018 and Head of EMEA in March
2019. He rejoined the firm in 2017 as
Head of Institutional Client Coverage
and was appointed Head of Spain in
February 2018. As regional Head for
EMEA and Spain, he is responsible for
developing and implementing the strategy for
those regions, as well as ensuring
engagement with clients, regulators,
industry bodies and key
stakeholders. Aleksandar previously worked
at Morgan Stanley from 2011-2016 where he
was Head of EMEA Distribution, and Financial
Engineering for Structured Products,
Institutional Equity Derivatives and
Quantitative Investment Strategies. Prior to
this he worked at Credit Suisse between
2008-2011 and he started his career in UBS
from 1992-2008.
Jean-Luc Seidenberg
UBS Asset Management, Head of Multi-Managers Real Estate Europe
Bio:
Jean-Luc Seidenberg is Head of
Multi-Managers Real Estate Europe, a
business which forms part of Real Estate
& Private Markets within UBS Asset
Management (UBS-AM). Jean-Luc Seidenberg was
appointed European Portfolio Manager for the
Multi-Managers (MM) team in August 2011. He
is responsible for investment selection and
growing the MM client and product franchise
as well as the Portfolio Manager for several
separate account mandates. Prior to this,
Jean-Luc joined Real Estate (RE) in August
2010 as Head of European Portfolio
Management – UBS Global Property Fund
(UBS-GPF). Jean-Luc is a member of the
Investment and Management Committees for the
Multi-Managers team and the Global Property
Fund Disposition Committee. Jean-Luc is a
guest member of the REPM European Management
Committee.
Shou-Pin Choo
UBS Asset Management, Portfolio Manager and Research Analyst, Emerging Markets and Asia Pacific Equities
Bio:
Shou-Pin Choo is a Portfolio Manager and Technology sector Analyst within the Emerging Markets and Asia Pacific Equities team. He is a member of the Emerging Markets Strategy Committee and is based in Singapore. Shou-Pin is also the research coordinator for Asia ex-Japan. Prior to joining UBS Asset Management in 2000, Shou-Pin managed Asian equities at AIB Govett in Singapore. Previous industry experience includes positions as a central dealer and performance measurement specialist. Shou Pin holds a Certificate in ESG Investing from the CFA Institute.
Charlene Huang
UBS Asset Management, Co-Head of Multi-Managers Real Estate APAC
Bio:
Charlene Huang was appointed Co-Head of
Multi-Managers Real Estate APAC and is a
Portfolio Manager for Multi-Managers Real
Estate (MM-RE), a business which forms part
of Real Estate & Private Markets within
UBS Asset Management. She is responsible for
investment selection and growing the MM-RE
client and product franchise for the Asia
Pacific region. Charlene first joined the
APAC MM-RE team in 2011 as an Assistant
Portfolio Manager. Charlene is a voting
member of the UBS REPM APAC Management
Committee, the MM-RE Global Investment
Committee, as well as a member of the
Singapore Risk and Local Management
Committee of UBS Asset Management. Prior to
relocating to Singapore in 2011, Charlene
was working with the MM-RE team in London
where she worked on the wind down of a large
global portfolio of indirect real estate
positions and investment programs. Charlene
first started her career as an analyst at
UBS Wealth Management in 2007. Prior to
this, Charlene worked for MSCI-IPD in the
UK, with a focus on performance analysis for
real estate funds and companies.
Uta Fehm
UBS Asset Management, Senior FI Strategist
Bio:
Uta Fehm is responsible for the analysis and management of investments in fixed income portfolios. Based on her many years of experience as a fixed income portfolio manager, Uta Fehm provides investment views and strategies for institutional clients worldwide. In this role, she also advises clients on fixed income strategies and represents fixed income portfolio management. Prior to joining UBS, Uta first worked for 3 years at Deutsche Asset Management in the Client Relation department. She later moved to the Fixed Income Portfolio Management team where she helped build the EM bonds business and managed portfolios for institutional clients. Uta has been in the investment industry since 1991 and has more than 20 years of experience in fixed income portfolio management with a focus on emerging market portfolios. Uta holds a Master's degree in Economics from the Technical University of Dresden (Germany).
Klaus Zentner
UBS Asset Management, Head of Austria
Bio:
As Head of UBS Asset Management Austria, Klaus Zentner is responsible for the distribution of UBS fund solutions and mandates via banks and other third-party wholesale relationships such as institutional client coverage in Austria. During his working career, Klaus has gained experience within the classic lending business of a universal bank, corporate client business and in asset management. Prior to joining UBS, he was responsible for successfully setting up a representative office in Austria for the UK company Schroders. He joined UBS Global AM’s Austrian team in October 2003, bringing with him extensive experience in domestic and international sales units.
Melanie Wong
UBS Asset Management, Head of Wholesale
Client Coverage, South East Asia
Bio:
Melanie has over 22 years of experience in
the Banking and Asset Management industry
and she is responsible for client
relationship management and wholesale
distribution in Singapore and South East
Asia. Before joining UBS Asset Management in
2015, Melanie was Vice President at BNP
Paribas Investment Partners, focusing on
business development for the Private Wealth
segment in Singapore and Malaysia. Prior to
joining BNP Paribas Investment Partners in
2011, Melanie worked at Allianz Global
Investors (AGI), where she focused on the
distribution of their investment solutions.
Before that, Melanie spent 5 years with DBS
Bank as a Business Manager in the consumer
banking group. She started her career as a
Relationship Manager with OCBC Bank in
2000.
Pascal Mercier
UBS Asset Management, Head of the Equity
Investment Specialists, Investment
Specialist Thematic Equities
Bio:
Pascal Mercier, Director, is Head of the
equity investment specialists and a senior
investment specialist for thematic equities
at Credit Suisse Asset Management. He joined
the thematic equity group at Credit Suisse
Asset Management in Zurich in 2018. Between
2009 and 2018, he was a portfolio manager
and senior analyst at Edmond de Rothschild
in Geneva, Spain, focusing on hedge funds’
solutions. Prior to that, he was an
electrical engineer and project manager at
Alstom. He holds a bachelor’s degree in
electrical engineering (B.Eng.) from McGill
University, Canada, and an master’s degree
(M.Sc.) in electrical engineering from the
Swiss Federal Institute of Technology in
Lausanne (EPFL).
Denise Cheung
UBS Asset Management, China Equity
Specialist
Bio:
Denise is an Analyst and Equity Specialist
in the Emerging Markets and China Equities
team, based in Hong Kong. She is primarily
responsible for investment analysis of
China/Hong Kong equities, as well as
supporting the marketing and communication
of Chinese Equities strategies to existing
and prospective clients globally. Denise
joined UBS Asset Management and took on her
current role in May 2012. Prior to joining
the firm, Denise was a consultant at FactSet
Research System in Hong Kong. Her
responsibilities included developing and
maintaining client relationships, as well as
supporting clients in various asset
management firms on portfolio analysis and
quantitative modeling tools.
Giovanni Papini
UBS Asset Management Country Head Italy
& Head Wholesale Client Coverage
Southern Europe
Bio:
In addition to his role as Head of Wholesale
Client Coverage Southern Europe, Gianni was
appointed Country Head Italy for Asset
Management in November 2017. Previously,
Gianni held responsibility for the Wholesale
segment Italy and was nominated Chief
Executive Officer of UBS AM SGR in 2005.
Gianni started his career with UBS in 2001
as Chief Operating Officer. Prior to joining
UBS, Gianni worked for an Italian banking
institution in roles spanning the world of
Human Resources, business development and
corporate banking. In his final role, Gianni
held responsibility for the entire branch
and financial advisor network of the bank.
Álvaro Cabeza
UBS Asset Management, Head Wholesale Client Coverage EMEA and Country Head Iberia
Bio:
Álvaro Cabeza is Head of Wholesale Client Coverage EMEA and Country Head Iberia at UBS Asset Management. He joined UBS AM from BlackRock, where he worked for the firm's sales team for three years. Previously, he held the position of Head of Institutional Sales in Spain and Head of Sales in Portugal at Amundi Asset Management, where he worked for eight years. He is also a member of the Agricole Corporate & Investment Bank at the Financial Institutions Desk. He began his career at Intermoney.
Nina Petrini
UBS Asset Management, Head of Passive &
ETF Specialist Sales Iberia & Latam
Bio:
Nina joined UBS AM in September 2019
as Head of Passive & ETF Specialist
Sales Iberia & Latam. Nina Petrini
stands out for her more than 18 years of
experience in the Iberian financial sector,
as a key member of local offices of large
international investment banks. Previously,
Nina was a Director in Global Equity Sales
at Barclays Capital in Madrid. Over her 9
years there, her achievements included not
only successfully launching the brand in the
Iberian market, but also positioning the
entity as a Top Tier Equity player. Nina
started her career in 2001 at Lehman
Brothers in Spain as a US Equity Sales,
diligently ranking the entity in the region.
She was also part of the transition to
Nomura in Madrid, as a VP within the
Investment Banking Division.
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Introducing our leadership team
Meet the members of the team
responsible for UBS Asset Management’s
strategic direction.
