UBS appoints Jack Collins as head of APAC sustainability and local weather danger | Information | Eco-Enterprise

Funding banking group UBS has appointed Jack Collings as head of sustainability and local weather danger, for Asia Pacific. 

Collings strikes into the function after nearly two years as head of sustainability danger at Credit score Suisse, which UBS acquired a 12 months in the past. He might be primarily based in Singapore.

Jack Collings, UBS head of sustainability and local weather danger. Picture: LinkedIn

He replaces Julie Suh, the previous APAC head of sustainability and local weather danger, who has moved into a brand new function in UBS’ world wealth administration crew in APAC. Collings will report back to UBS’ world sustainability and local weather danger head Liselotte Arni, who relies on the firm’s headquarters in Zurich. 

UBS has dedicated to reaching web zero emissions throughout Scope 1, 2 and three by 2050. Nonetheless, the financial institution’s place on coal financing was introduced into query two weeks in the past, when Bloomberg reported that UBS would scrap a plan to part out financing the fossil gasoline that Credit score Suisse had backed. The merger of UBS and Credit score Suisse was the primary of the web zero period.

Information of job cuts from UBS’ personal banking division emerged this week following a drop in earnings.

Collings brings to the function expertise with Singapore’s finance regulator Financial Authority of Singapore, the place he was assistant director of environmental danger administration, and HSBC, the place he labored for 9 years, latterly as senior sustainability danger supervisor, primarily based in London.