UBS Wealth Exec Says New Clients Will Drive ESG Revival
(Bloomberg) — A new wave of investors and private banking clients are increasingly demanding sustainable solutions for their portfolios, according to a UBS Group AG executive.
It’s “a much bigger topic with the second generation but also female investors,” Adrian Zuercher, co-head of global asset allocation and co-head of global investment management APAC at UBS Chief Investment office, said during a panel discussion at the Milken Institute Asia Summit in Singapore on Thursday.
It “might not be the most attractive investment theme currently,” he said. “But the requests we get and the intentions we actually see particularly from newer investors are definitely drifting into a more sustainable part.”
ESG has had a troubled…
