Ex-Hedgie Named UBS Wealth Management CIO

Jun 3 2014 | 2:31am ET

UBS has turned to a former hedge fund manager to lead its wealth management business.

Mark Haefele was named global chief investment officer of wealth management and private banking yesterday. He succeeds his current boss, Alexander Friedman.

Haefele will be charged with identifying investment vehicles and overseeing asset management.

Haefele joined UBS three years ago alongside Friedman, whom he has known since college. Prior to his start at the Swiss bank, Haefele co-founded quantitative sports-betting hedge fund Sonic Funds and was a managing director at Matrix Capital Management.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...