UBS names Andreas Höfert new chief economist in Switzerland

UBS has named Andreas Höfert the chief economist of Wealth Management & Swiss Bank.

Andreas Höfert (1967) has been with UBS since 1999, first as a senior economist in Corporate Center and later as the head of Swiss Macroeconomic Research in the Investment Bank. He was also the head of Macro and Fixed Income Research for Wealth Management in the US before his current role.

Oswald J. Grübel, Group CEO, said: "The role of the chief economist has an important meaning at UBS. In these times of fundamental economic change, independent analysis and recommendations are critical for our clients."

Andreas Höfert studied economics with a specialization in international macroeconomics and econometrics at the University of St. Gallen, where he also received his PhD. He is a Swiss citizen and is from Geneva.

The previous chief economist, Klaus Wellershoff, is concentrating on his ongoing projects as an independent economic expert. UBS thanks Klaus Wellershoff for his outstanding work as a long-time chief economist and wishes him much success in his future entrepreneurial endeavors.