UBS bank is tasking its sustainable and impact investment boss a bigger chunk of responsibility for its efforts in the area. The move comes after UBS’ new CEO defined it as a pillar of his strategy. Zurich-based UBS is naming Michael Baldinger as its first sustainability chief, effective from June, it said in a statement on Wednesday. Baldinger, an ex-CSFB proprietary trader, already holds a very similar role at UBS, but the new set-up appears to grant him a bigger say in the wider bank’s organization.
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