UBS has recruited Huw van Steenis, a senior adviser to Bank of England governor Mark Carney, to run investor relations and chair a new sustainable finance committee, according to an internal memo seen by the Financial Times.
Mr van Steenis is well known in London, having also been global head of strategy at UK asset manager Schroders and a star analyst at Morgan Stanley, where he rose to head of banking research during more than a decade at the US investment bank.
He will start at UBS on September 2 and will report directly to Sergio Ermotti, the Swiss bank’s chief executive, and chief financial officer Kirt Gardner, according to the memo.
“We are further sharpening our focus on sustainable finance, recognising increasing client demand and the leading position we already have,” Mr Ermotti said in the note.
“Huw is regarded by investors and asset owners as an expert in the field . . . [which] is increasing in relevance to corporate and private clients, investors and other stakeholders.”
This summer Mr van Steenis published the BOE’s Future of Finance report looking at the long-term challenges facing the financial sector from technology, the new regulatory environment, climate change and Brexit. He was an important lieutenant to Mr Carney and a liaison between the central bank and the financial services industry.
At UBS, Mr van Steenis will also be a senior adviser to executives on topics affecting the future of finance, as well as running investor relations. Martin Osinga, who had been interim head of IR, will become his deputy.
A spokesman for the Swiss bank confirmed the contents of the memo. Mr van Steenis has previously written columns for the FT.
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