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洞见 19.11.2021




“怀抱转变”是瑞联银行对2022年投资展望的主题。我们将在2021年11月24日至2022年1月末期间,于欧洲、中东和亚洲区巡回举办多场网上及现场座谈会,由集团首席投资官及资产管理联席首席执行官Michaël Lok、财富管理首席投资官Norman Villamin和首席经济师Patrice Gautry,以及多位嘉宾专家前瞻新一年的投资格局,而我们也出版了《2022年投资展望 — 怀抱转变》深入剖析多个重要课题。


《2022年投资展望 — 怀抱转变》摘要





China Outlook

According to UBP expert Carlos Casanova, to attain high-income status by 2025, China will seek to realign its factor of production towards labour and away from capital.

Watch this video to find out about his investment views for the coming year.

Watch the replay of our webinar

On the 25th of November, we held an online talk launching our Investment Outlook “Embracing Change”, featuring our Group Chief Investment Officer & Co-CEO Asset Management Michaël Lok, Wealth Management Chief Investment Officer Norman Villamin, Chief Economist Patrice Gautry, and Global Head of Forex Strategy Peter Kinsella.

We are pleased to provide you with the recording of the webinar.

Asia Outlook

According to UBP's Expert Carlos Casanova, Asia’s GDP growth could be held back by the emergence of new COVID-19 variants and decrease to 4.3% in 2022.

Go ahead and watch the video to find out more on our Asia outlook for the coming year!

Dive into the brochure for much more details and insight.


Michaël Lok

Co-CEO Asset Management and CIO Group

Michaël joined UBP in 2015 as Co-CEO Asset Management / CIO Group.

Luxembourg - Zurich - Dubai - Monaco - London

Norman Villamin

Chief Investment Officer (CIO) & Head of Asset Allocation

Norman has over 20 years’ experience managing wealth both on an advisory and discretionary basis for top companies in the financial industry.


Eleanor Taylor Jolidon

Co-Head of Swiss and Global Equity

Eleanor has more than twenty years’ investment experience on the sell- and buy-sides, of which she spent fifteen focussing specifically on the Swiss equity market. She speaks French, English and German.

Geneva - Paris - Lausanne

Patrice Gautry

Chief Economist

Patrice has been Chief economist at UBP for over 15 years and has 30 years’ experience in macroeconomics and investment strategy.


Philippe Lespinard

Head of Asset Management London

Philippe Lespinard is a seasoned investment professional with over 30 years of experience in leading investment firms, primarily as Fixed Income CIO.

Monaco - London

Victoria Leggett

Head of Impact Investing

Victoria joined UBP in 2010 as a portfolio manager and has 15 years of investment experience. She previously worked as a European Equity Analyst at Threadneedle and started her career in Corporate Finance.


Marco Pabst

Chief Investment Officer (CIO) London

Marco joined UBP as Chief Investment Officer for London in 2018 from ACPI. He has over 20 years of experience in investment management and research.

Zurich - London

Peter Kinsella

Global Head of Forex Strategy

Peter has 14 years’ experience in forex. He joined UBP in 2018 from the Commonwealth Bank of Australia in London where he was Director of International Rates & FX Strategy.


Marc Elliott

Investment specialist

Marc Elliott joined the Advisory Services team at UBP in Geneva in April 2021 as an Energy Transition Investment Specialist.


Kieran Calder

Head of Equity Reseach Asia

Kieran leads the Equities Research team in Asia and is responsible for regional stock market coverage.


Vey Sern Ling

Senior Equity Advisor

Vey-Sern joined UBP in 2021 as Senior Equity Advisor. He oversees the technology and Internet equity coverage in Asia, with a particular focus on China


Cindy Tan

Head of Fixed Income Research, South Asia

Cindy oversees UBP’s fixed income recommendations and strategy for South East Asia. She is an experienced Fixed Income Specialist with more than 20 years’ experience in the financial services industry.

Hong Kong

Anitza Nip

Head of Fixed Income Research, Asia

Anitza is responsible for innovating investment opportunities and solutions in fixed income across the region.


Vitor Santos

Head of Investment Consulting at UBP

Vitor has 30 years of experience in Asset Management and Wealth Management. Previously, Vitor Santos was Head of Investment Advisory and member of the Asset Allocation Committee at Millennium Banque Privée in Geneva.



UBP is one of the longest-standing investors in hedge funds and a leading European player in the sector.


洞见 17.03.2023

Learning from the mistakes of the 1970s

2023 began with market optimism that the US could successfully navigate its battle with inflation. Recent data have confirmed our suspicions that getting inflation back to the Fed’s 2% target will be more challenging than markets had been assuming.

洞见 23.02.2023

Adapting Advisory portfolios to the improved fixed income outlook

As a decade of yield repression comes to an end, building a fixed income portfolio with an acceptable yield has become an easier task. Given a deteriorating economic background and hawkish policymakers, we believe in harvesting the attractive yields offered by short-term quality bonds, which currently have the best risk-return profile.

洞见 21.02.2023

Japan’s equity market: small is beautiful

The steep fall in valuations that started at the end of 2021 disproportionately affected the innovative growth segment of the Japanese market. With the stronger yen, companies that are less vulnerable to global cycles could prove to be the ones to consider.