Union Bancaire Privée is merging its three asset management centres, which up until now have been run by three separate chief investment officers in Geneva, New York and London. In the last few months UBP has made six high-profile hires, largely in New York, where the new centralised hub is located.
The hires, which include Richard Wohanka, include a global CIO role taken up by Sara Sprung, to oversee the local CIOs. UBP has also taken risk management out of portfolio management and hired Daniel Kelly as chief risk officer. There is also a new global head