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Sergio Ermotti has put Aleksandar Ivanovic in charge of UBS's asset management, but Ivanovic's leadership is under scrutiny following the controversial sale of the Kameha luxury hotel. His recent promotion of Petar Ilic, who has initiated significant layoffs, raises concerns about the future of key managers and potential outsourcing of operations to Poland and India.
The Kameha Grand hotel in Zurich-Opfikon is up for sale for 76 million francs, owned by UBS through a complex real estate fund structure. Developer Peter Mettler, who sold the hotel to UBS a decade ago, is seeking a buyer for his company, which includes a contentious 5,000 m² utilization reserve that complicates the deal. Buyers must navigate intricate legal agreements and potential tax implications while UBS maintains a hands-off approach to the negotiations.
Beatriz Martin, UBS's Head of Non-Core and Legacy Operations, is successfully managing the integration of Credit Suisse, stating the process has been easier than anticipated. With over 90% of her team from CS, she emphasizes the need for cultural change and plans to focus on growth in Europe post-2026, when her role expires. Martin is seen as a strong candidate to succeed Sergio Ermotti.
UBS Asset Management has appointed ETF expert Rory Tobin as a senior advisor to enhance its global ETF and indexing capabilities, aiming to solidify its position among the top five ETF providers in the EMEA region. With 35 years of industry experience, Tobin previously led the ETF business at State Street Global Advisors and held senior roles at Barclays and BlackRock. He will report to Aleksandar Ivanovic, President of UBS Asset Management, and collaborate with the team to drive expansion in key markets worldwide.
Aleksandar Ivanovic, tasked with revitalizing UBS's Asset Management division, faces internal turmoil following the departure of key figure Eric Byrne, which allegedly breached the "key man clause." Under Ivanovic's leadership, the new Unified Global Alternatives (UGA) aims to focus on high-performing assets, while underperformers remain in the Unified Real Assets (URA) division. The restructuring reflects a strategic shift towards private equity and infrastructure, positioning UBS among the top players in alternative investments with $250 billion in assets under management.
UBS Asset Management has appointed Rory Tobin as a senior advisor to enhance its ETF and indexing business. With 35 years of experience, including leadership roles at State Street Global Advisors and BlackRock, Tobin"s expertise is expected to drive growth in key markets following UBS"s acquisition of Credit Suisse.
UBS Asset Management has appointed Rory Tobin as Senior Advisor to enhance its global ETF and index capabilities. With over 35 years of experience, including leadership roles at State Street Global Advisors and Barclays, Tobin will work closely with the Asset Management team to drive expansion in key markets. Aleksandar Ivanovic, President of Asset Management, expressed confidence in Tobin's ability to meet growing client demand following the firm's acquisition by Credit Suisse.
UBS Asset Management has appointed Rory Tobin as a senior advisor to enhance its ETF and indexing capabilities, aiming to solidify its position among the top five ETF providers in EMEA. With 35 years of industry experience, including leadership roles at State Street Global Advisors and BlackRock, Tobin will report to president Aleksandar Ivanovic and collaborate with the Asset Management team to drive global expansion. Following the acquisition of Credit Suisse, UBS has emerged as a leading index provider in Europe, poised to meet growing client demand in key markets.
Rory Tobin, a veteran in the ETF industry with 35 years of experience, has joined UBS Asset Management as a senior advisor to enhance its global ETF and index capabilities. Reporting to Aleksandar Ivanovic, he aims to accelerate growth in key markets, particularly EMEA, following UBS's acquisition of Credit Suisse. Tobin previously led State Street Global Advisors' ETF business and was recognized for his contributions to the industry at the 2023 ETF Stream Awards.
Aleksandar Ivanovic
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