UBS Hires Baldinger to Lead Sustainable Investment Efforts

Jul 8 2016 | 9:23pm ET

Swiss bank UBS has recruited former RobecoSAM CEO Michael Baldinger to become its head of sustainable and impact investing.

Baldinger will be responsible for building UBS’ sustainable and impact investing business across the company’s various asset classes. The position is new and will be based out of New York. 

Baldinger will also join the UBS and Society Operating Committee and be chair of the company’s Asset Management Environmental, Social, and Governance Committee, according to UBS. 

Prior to his new role, Baldinger was CEO of RobecoSAM, a sustainable investment firm founded in 1995 and based in Zürich. A sister company of Dutch investment management giant Robeco, the firm manages approximately $10.7 billion in ESG-integrated investments.

Prior to joining RobecoSAM in 2011, he was head of distribution for the Americas at Credit Suisse Asset Management and spent ten years in equity sales at Bear Stearns and Deutsche Bank.

“The combination of Michael’s experience and expertise in this rapidly developing field, together with our own broad capabilities across asset classes, will enable us to build a world class sustainability offering for our clients,” said Ulrich Körner, president of UBS Asset Management, in a statement.

UBS is one of the world’s premier financial institutions. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the third-largest international asset manager in Asia, and the second largest fund of hedge funds manager in the world. 

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