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

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

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

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

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

UBS has dedicated to attaining web zero emissions throughout Scope 1, 2 and three by 2050. Nevertheless, 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’ non-public banking division emerged this week following a drop in income.

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