Union Bancaire Privée (UBP) has hired Kier Boley as CIO of alternative investment solutions and co-head of alternative investment solutions.
He will be based in London and will head an investment team of six people in London and Geneva.
Previously, Boley spent 20 years at GAM. He was head of alternative investments and managed discretionary investment mandates on behalf of institutions and UHNW family offices.
Boley will work alongside John Argi, who will also be co-head of alternative investment solutions. In addition, he will oversee business development.
Nicolas Faller, co-CEO Asset Management at UBP, said: “In the current, highly uncertain market environment, alternatives are becoming more important in client portfolios. We have laid the foundations for achieving ambitious goals in the alternatives space and Kier’s investment experience, added to his deep understanding of clients’ needs, will make a major contribution to developing UBP’s hedge fund capabilities.”
UBP and alternative investments
The bank has been identifying investment teams for alternative investments for more than 40 years. With CHF40bn of AuM, alternative investments have always been crucial for UBO’s business.
It recently expanded its sovereign emerging market fixed income offering with the launch of UBAM – Emerging Markets Frontier Bond.
It is a frontier market strategy fund with the aim to take advantage of the attractive return potential offered by investments in frontier markets.
The advantage exists due to risk premiums overestimating default probabilities and underestimating recovery values.
Furthermore, frontier markets have grown at pace in the last decade and becoming an important part of emerging market debit and global fixed income. Frontier markets now consist of 35 countries and a $100bn market capitalisation.
In addition, these markets are more diverse than more realise and offer better diversification.
UBAM is currently available in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Singapore, and the United Kingdom.