ZURICH & NEW YORK--(BUSINESS WIRE)--UBS Asset Management ('UBS AM') today announced that Suni P. Harford will join the firm as Head of Investments in July 2017. She will be responsible for c.500 investment employees and oversee approximately US$600 billion in assets under management across both traditional and alternative asset classes. She will be based in New York and report to Ulrich Koerner, President of UBS AM.
Suni joins UBS AM from Citigroup Inc. where she has worked for the past 24 years, most recently as Regional Head of Markets for North America, a role she held for nine years. In this role, she was responsible for sales, trading, origination and research across all fixed income, currencies, commodities, equities and municipal businesses. Suni was also a member of Citi's Pension Plan Investment Committee and a Director on the Board of Citibank Canada.
As a prominent diversity champion, both in the financial services sector and the wider business community, Suni served as the co-head of Citi Women and on the Board of Directors of The Forte Foundation, a US non-profit organization dedicated to increasing the number of women leaders in business. She is also passionate about awareness and support for the US veteran community, and is involved in many organizations in this regard.
"Suni is a highly experienced and impactful senior leader, with a Wall Street career spanning nearly 30 years. She brings strong leadership capabilities combined with a broad knowledge of the investment markets across multiple asset classes and deep understanding of macro-economics." said Ulrich Koerner, President, UBS AM. "Over the past two and a half years, we have transformed Investments from a multi-boutique structure into the integrated platform we have today. In her new role as Head of Investments for Asset Management, Suni will build on this by executing on our strategy to deliver sustainable performance for our clients."
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).