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Cohen & Steers appoints head of multi-asset solutions Submitted 17/11/2021 - 10:32am Cohen & Steers has named Jeffrey Palma to the role of senior vice president and head of multi-asset solutions. In a newly created position reporting to Jon Cheigh, CIO, Palma is responsible for leading the firms asset allocation teams, strategies and macroeconomic research. Palma joins Cohen & Steers with 25 years of investment experience. Most recently at State Street Global Advisors, he was a managing director and head of public investments for SSGAs outsourced CIO platform, overseeing teams responsible for investment strategy, portfolio construction, manager research, tactical market positioning and portfolio implementation. Prior to that, Palma was the head of tactical asset allocation for GE Pension Trust, portfolio manager for GE Institutional Strategic Investment fund, and chief market strategist at GE Asset Management when it was acquired by SSGA in 2016. Before joining GE in 2012, he was most recently the head of global equity strategy at UBS Investment Bank.

He was most recently DBS'' group chief sustainability officer, responsible for developing the bank''s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore Exchange (SGX), Standard Chartered and Temasek, since May 2021. Before his nine years at DBS, Larsen spent over seven years at UBS, leaving as CFO of Asia-Pacific, and previously held roles at Citibank in London, and KPMG. Environmental Impact In his new role, Larsen will oversee all day-to-day operations for CIX, including collaborating with its ecosystem of technology partners to build up its Project Marketplace and Exchange platforms as well as curating a pipeline of high-quality carbon credit projects to feature on its platforms. He will also drive the company''s culture, values, and behaviour while building up a high-performing team passionate about catalysing scalable sustainable solutions. «The carbon market is going through a transition.

Gupta said the green transition and technology will transform the world, but the consequence of these shifts is massive social redistribution and unrest, with lesser developed countries bearing the brunt of this transition. «I don''t just think there''s a new paradigm for how we do business. I think there''s a new paradigm for how we run the world,» DBS chief executive Piyush Gupta said on Wednesday at the Bloomberg New Economy Forum in Singapore. Apart from transitioning from a fossil fuel/carbon-led world, technology, in the form of Web3.0, AI, and 5G, will drive massive changes in the global economy, Gupta said on the panel «A New Paradigm for Global Business,» which also included NYSE president Stacey Cunningham , Pimco managing director and vice chairman John Studzinski , and UBS chairman Axel Weber . He noted that apart from the public and private sectors, any common good agenda needs buy-in from the «people» sector, as the capacity of the individual to have a voice, especially with social media, is growing. «Our current global multilateral institutions are failing us. «I can see a completely new infrastructure and architecture for managing the digital world and digital economy at a global level.

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The heads of two global banks predicted an uncertain time ahead for the world economy as inflation rises and persists.

PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) announced that on Tuesday, December 7, 2021, Dave Watson, President and Chief Executive Officer of Comcast Cable, will participate in UBS Global TMT Virtual Conference. A live webcast of the event will be available on the Company''s Investor Relations website at www.cmcsa.com on Tuesday, December 7, 2021 at 10:00 A.M. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation. To automat

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UBS Wealth Management USA announced today that Kalyn Maher Walker, a Financial Advisor in San Diego, California, has been named to the Working Mother/SHOOK Research Top Wealth Advisor Moms list for 2021. This is the third consecutive year that Kalyn has been named to the list. Kalyn and her team are focused on understanding the in-depth needs of their clients, in areas such as education, philanthropy,

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Virtu Financial LLC bought a new stake in One Equity Partners Open Water I Corp. (OTCMKTS:OEPWU) during the second quarter, HoldingsChannel.com reports. The fund bought 62,006 shares of the companys stock, valued at approximately $620,000. Several other hedge funds have also modified their holdings of OEPWU. UBS Group AG purchased a new position in shares []

Singapore-based Ross Dilkes is leaving the asset manager as his fund has plunged over 16% year-to-date. The post Asia fixed income fund manager exits UBS appeared first on Fund Selector Asia .

A private banking veteran returns to Deutsche Bank as its vice chairman of wealth management in Asia Pacific. Anurag Mahesh has been named vice chairman, wealth management APAC, according to a statement. In the newly created role, Mahesh will focus on bringing new client relationships for the wealth management business as well as assisting coverage and advisory teams with deepening relationships with existing clients. He also joins the international private bank APAC executive council. Based in Singapore, Mahesh reports regionally to head of IPB APAC and Hong Kong branch chief executive Lok Yim and globally to global head of lending and advisory & sales Alessandro Caironi . Deutsche Bank Return Mahesh returns to the German private bank where he previously served from 2007 to 2017. He has over 25 years of private banking experience, most recently with UBS as its APAC co-head of global family office. Ratings Upgrade According to Yim, the bank is experiencing positive momentum fuelled in part by recent upgrades in its credit rating by major agencies.

Chairman António Horta-Osório cleans up Credit Suisse under the new strategy while major investors call for significant divestments. At the recent Credit Suisse investor day in London, António Horta-Osório (image below) was extensively criticized for doing little more than shifting the business emphasis of Switzerland''s second-largest bank from one area to another. He was also heavily questioned for not providing more clarity on the bank''s leadership under the new strategy. The market did not take the news particularly well, pushing the bank''s share price down 5 percent. But a well-connected investment banker asked by finews.asia had a far more receptive take on the chairman''s actions. Reasonable Effort Horta-Osório did what he reasonably could with what he was given, the banker said. He was cutting the investment bank''s risk profile and shifting capital into areas that generate stable earnings. He also welcomed the efforts to improve risk management and change the bank''s culture from the inside. «Horta-Osório is cleaning house», the dealmaker summed up.