Meet our GWM Chief Economist

Hi there. I'm Paul Donovan.

Paul is the Chief Economist of UBS Global Wealth Management. He is a member of the Global Investment Committee, a UBS Opinion Leader, a sponsor of UBS Speak Up and a UBS Pride Ally.

Paul is responsible for developing and presenting the UBS economic outlook, marketing the UBS view on economics, policy and politics around the world. He regularly appears in the print and broadcast media, and is a reluctant Tweeter on economic issues. Paul represents UBS as part of the B20 Trade and Investment Working Group. Paul started at UBS Investment Bank as an intern in 1992, and was Global Economist before moving to Global Wealth Management in August 2016.

Paul has an MA in Philosophy, Politics and Economics from Oxford University. He is an Honorary Fellow of St Anne’s College, Oxford, sitting on its investment committee, and is a member of the Vice-Chancellor’s Circle of Oxford. He holds an MSc in Financial Economics from the University of London. Paul is also a co-founder of the Peter Culverhouse Memorial Trust (a cancer research and patient care charity). He is an amateur heavyweight boxer, and keen skier.

Paul co-authored “From Red to Green? How the financial credit crunch could bankrupt the environment” with Julie Hudson, published in August 2011. “Food Policy and the Environmental Credit Crunch: From Soup to Nuts”, also co-authored with Julie, was published in September 2013. Paul contributed to “How the world really works: the economy”, a children’s guide to economics published in May 2014. His book "The Truth About Inflation" was published in April 2015, with a Spanish language version published in September 2018.

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Discover the Chief Economist's comment

Occasional articles answering some of the important economic questions of today.

28th January 2019 What's happening everywhere else?

There is a point in every economic cycle when economists say "my country is doing fine; it is the rest of the world I worry about."

21 November 2018 Are trade taxes changing trade?

The US began raising consumer taxes on imports over nine months ago. How have these tariffs changed global trade?

01 August 2018 Are bond traders better than economists?

Is it true that investors often cling to myths and legends, as easy ways to explain a complex world?

27 June 2018 Pride and Prejudice, and Economists

Explore why the economics of LGBT equality is the economics of prejudice.

04 June 2018 Italy and the euro – are investors lost in translation?

Find out why Italy leaving the euro would be very different from the UK leaving the EU.

29 May 2018 Are central banks sucking liquidity from financial markets?

Central banks are slowly changing quantitative policy. What does this mean for investors?


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Appearances in the media

A selection of recent appearances, in the print, television, radio and on-line media