Michaël Lok

Group CIO and Co-CEO Asset Management

Geneva, Svizzera

English, French

Michaël LOK è CIO del Gruppo e Co-CEO dell’Asset Management di UBP. Ha maturato oltre 25 anni di esperienza nel Wealth management e nell’Asset management.

Prima di entrare in UBP nel 2015 è stato direttore generale dell’Asset Management presso Indosuez Wealth Management (gruppo Crédit Agricole), dove ha sviluppato una gamma di fondi UCITS per il Private Banking e un’offerta di soluzioni d’investimento dedicate e di mandati per i clienti UHNWI focalizzate su Asia e America latina. Prima di questo, aveva assunto la funzione di direttore della divisione Investimenti e della divisione Risk & Quantitative Portfolio Management, dopo aver lavorato come portfolio manager presso la Banque Martin Maurel e HSBC France (ex CCF).

Ha conseguito due Master, uno in finanza (DESS) e uno in scienze bancarie e finanze (DEA) all’Università di Aix-en-Provence.

Più articoli di Michaël

09.09.2025

UBP House View - September 2025

The Fed now appears to prioritise labour market stability over inflation risks, prompting us to reshape our investment strategy and overall asset allocation.

08.09.2025

UBP Weekly View - Soft US labour data raise Fed rate cut expectations

Without further pressure from the White House, the Fed is set to cut rates in September. Markets are debating whether the move will be 25 or 50 basis points after weak payroll figures, though we continue to expect only a 25-bp cut given the persistent inflationary pressures. The prospect of lower rates has buoyed equities, while attention this week will turn to US inflation data for evidence of tariff-related effects.

01.09.2025

UBP Weekly View - Nvidia disappoints, yet tech stocks advance

While President Trump is pressing for greater influence over the Fed in the pursuit of lower interest rates, US small caps continued to benefit from declining short-term US yields. Attention turned to Nvidia where strong Q2 earnings were eclipsed by underwhelming guidance and geopolitics impacting sales in China, sending the stock lower; even so, global technology equities outperformed. This week, the focus is set to shift to key US macro indicators, namely employment data.

25.08.2025

UBP Weekly View - Markets rally after Jackson Hole symposium

With Fed chairman Jerome Powell opening the door to a rate cut in September, last week’s Jackson Hole symposium reinforced our forecast of two reductions this year. Global equities closed on a positive note, buoyed by the policy easing. However, the impact of tariffs must be fully assessed over the coming weeks.

18.08.2025

UBP Weekly View - US equities scale new peaks

The latest US inflation data confirm that price pressures are set to trend higher in the coming months. Nevertheless, rate cuts remain on the table given the slowdown in the labour market. As earnings season winds down after a solid set of results, market attention will shift to GDP developments and leading indicators, as well as to the Fed’s annual Jackson Hole meeting on Friday.

11.08.2025

UBP Weekly View - Rate-cut on the horizon

Relief from US tariffs has fuelled renewed optimism, though commercial frictions remain, notably with India and Switzerland. Hope of a Russia–Ukraine ceasefire and rising expectations of a Federal Reserve rate cut have further buoyed equities. However, with equity valuations increasingly stretched, markets may face bouts of short-term volatility.

08.08.2025

UBP House View - August 2025

While the US earnings season has underpinned the equity rally, emerging risks – such as tariffs slowing the economy and fuelling price pressures – warrant investors’ attention. However, these risks remain insufficient to prompt a shift in our portfolio positioning, and we continue to maintain a broad diversification across asset classes.