Turning Points

UBS Wealth Insights
Hong Kong, January 11, 2019

Highlight Video

 

Speaker Interview Videos

Dr. Keyu Jin

Can US and China arrive at a trade agreement? Slower but higher quality growth possible in China?

Matt Miller

What is the outlook on the global trade war? Will US and China trade tensions crash the markets?

Malie Conway

Where are the opportunities for investment in 2019?


Min Lan Tan

With the expected turbulence in 2019, how should investors position their investments?

Paul Donovan

Will global politics overshadow the financial markets in 2019?

The investment environment is getting tougher. Growth is likely to slow in 2019, and so are corporate earnings, as the negative impact of trade tariffs is felt on the US and Chinese economies, and as tailwinds from US tax cuts wane. Political risks, ranging from trade disputes, to Brexit, to Italy, abound. And the world continues to use more resources in an unsustainable way.

But at the same time some of the best opportunities can present themselves amid dislocations. Inflation remains contained, interest rates are being raised in a measured way, and global consumption looks to be in strong enough shape to see us through trade, or other specific, risks.

Investors need to have a clear financial plan to deal with a more challenging environment, and earning higher returns will take more work. At the Wealth Insights 2019 titled "Turning Points", our Chief Investment Office and business and financial industry experts have given us a guide to the outlook, risks, and opportunities in the months to come to help you achieve your financial goals amid the uncertainty.

Agenda

An overview of the speaker bios and the topics that will be discussed at the forum

UBS Wealth Insights LinkedIn group

The UBS Wealth Insights group on LinkedIn is designed to explore wealth management and market trends in Asia Pacific


Event Host

Martin Blessing

Co-President, Global Wealth Management, UBS Group AG

About

Martin Blessing is a member of the Group Executive Board of UBS Group AG. He was appointed Co-President Global Wealth Management, effective February 2018. He joined UBS in September 2016, as President Personal & Corporate Banking and President UBS Switzerland as well as President of the Executive Board. Before joining UBS, he worked for 15 years for Commerzbank AG, from 2008 to April 2016 as Chief Executive Officer. Before, he held various senior management positions; from 2004 to 2008, he was Head of Corporate Banking and from 2006 onwards also responsible for IT & Operations. From 2001 to 2004, he was Head of Private Clients. Before joining Commerzbank, from 2000 to 2001 he was Chief Executive Officer of Advance Bank, a subsidiary of Dresdner Bank AG. From 1997 to 2000, he acted as Dresdner Banks's joint Head Private Clients.

From 1989 to 1996, he worked for McKinsey & Company, the last two years as Partner. Martin Blessing holds an MBA from the University of Chicago and in 1987 graduated from the University of St. Gallen with a degree in business administration.

Amy Lo

Co-head UBS Wealth Management APAC, Country Head and Chief Executive UBS Hong Kong Branch, Group Managing Director

About

Amy Lo is the Co-head UBS Wealth Management APAC, Country Head and Chief Executive of UBS Hong Kong Branch, and a Group Managing Director at UBS. She has over 30 years of experience in the private banking industry and since joining the firm in 1995, she has held various senior management positions including Regional head of UHNW in Asia where she built up the UHNW practice and offering into today's position as the leading regional wealth manager for UHNW individuals.

Actively involved in the development of the private banking industry in Hong Kong, Amy chairs the Hong Kong Private Wealth Management Association (PWMA); is a member of the Banking Industry Training Advisory Committee of the Hong Kong Education Bureau; and a member of the Exchange Fund Advisory Committee Financial Infrastructure Sub-Committee of Hong Kong Monetary Authority.

Amy is passionate in driving youth education and technological innovation in Greater China. She is a member of The Court and the MBA Advisory Board at The University of Hong Kong, a member of the Advisory Committee of the Department of Social Work at The Chinese University of Hong Kong, and an Advisor of the Industrial Consulting Committee at the HongKong X, a tech start-up platform aim at promotion of innovations among young entrepreneurs. In 2017, Amy was named by a top-tier Chinese media, China Business News, as one of the "Hong Kong Top 20 in the next 20 years" for her contribution to innovation developments. She is also a Board Member of the UBS Optimus Foundation, the independent global grant making foundation aimed at improving the education and welfare of children globally.

Special Guest Speaker

Gordon Brown

About

Gordon Brown served as Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. As Prime Minister, Brown’s tenure coincided with the start of the global financial crisis. He was one of the first to initiate calls for global action while introducing a range of rescue measures in the UK. In April 2009, Brown hosted the G20 Summit in London, where world leaders committed to making $1.1 trillion available to help the world economy through the crisis and restore credit, growth, and jobs. They also pledged to strengthen financial supervision and regulation.

Previously, Brown, a Member of Parliament from 1983 to 2015, served as Chancellor of the Exchequer from 1997 to 2007, making him the longest-serving Chancellor in modern history. His tenure was marked by major reform of Britain’s monetary and fiscal policy and sustained investment in health, education, and overseas aid.

Brown’s experiences during the global financial crisis convinced him of the urgent need for greater international cooperation to prevent future shocks to the global economy and led him to write Beyond the Crash: Overcoming the First Crisis of Globalisation (2010). He is also the author of a memoir, My Life, Our Times (2017), highlighting the lessons he learned from his professional career and personal life, and describing how those lessons can be applied to today’s challenges.

Brown’s time in government shaped his views on the importance of education as a fundamental right of every child in the world, and as an engine of future economic growth and prosperity. As the United Nations Special Envoy for Global Education, he passionately advocates for global action to ensure education for all.

Since leaving government, Brown has also advised the World Economic Forum and served as New York University’s inaugural Distinguished Global Leader in Residence. Brown, who has a Doctor of Philosophy degree in History from the University of Edinburgh, spent his early career working as a lecturer.

He is married to Sarah Brown, a charity campaigner, and they have two young sons.

Dr. Keyu Jin

Tenured Professor of Economics, London School of Economics

About

Dr. Keyu Jin is a tenured professor of Economics at the London school of Economics. She is from Beijing, China, and holds a B.A., M.A. and Phd from Harvard University. Her research focuses on international macroeconomics and the Chinese economy. Multiple academic works have been published in the top academic journals in Economics. Outside academia, she serves as a non-executive director to Richemont Group, the second largest luxury conglomerate. She also serves on the working committee for China Banking Regulatory Committee on Fintech.

In recent years, she has focused on technology investments in China, and is a general partner at Sky9 capital, a leading venture fund in China. A columnist for Project Syndicate and Caixin Magazine, the main economics and finance magazine in China, she writes widely about the Chinese economy and global finance, and have made multiple op-ed contributions to the Financial Times. She has had prior experience at the IMF, the World Bank, the New York Fed, Goldman Sachs, as well as other financial institutions. She was named Young global leader by the World Economic Forum in 2014.

UBS Speakers

Fred Hu

Member of the Board of Directors, UBS Group AG

About

Fred Hu was elected to the BoD of UBS AG and UBS Group AG in 2018. He has been chairman of Primavera Capital Group, a China-based global investment firm since 2010. Prior to founding Primavera, Fred Hu held various senior positions at Goldman Sachs from 1997 to 2010, where he was instrumental in building the firm’s franchise in the region. He was partner and chairman of Greater China from 2008 to 2010 and partner and co-head Investment Banking China from 2004 to 2008. Before that he held the position of Goldman Sachs’ chief economist. From 1991 to 1996, he served as an economist at the International Monetary Fund in Washington, DC, and after that was co-director of the National Center for Economic Research and professor at Tsinghua University. He holds a master in engineering science from Tsinghua University, and a master and PhD in economics from Harvard University.

Other activities and functions

  • Non-executive Chairman of the Board of Yum China Holdings
  • Board member of Hong Kong Exchanges and Clearing Ltd.
  • Non-executive Director Dalian Wanda Commercial Properties Co Ltd.
  • Board member of China Asset Management
  • Board member of Minsheng Financial Leasing Co.
  • Trustee of the China Medical Board
  • Governor of the Chinese International School
  • Co-Chairman of the Nature Conservancy Asia Pacific Council
  • Director and member of the Executive Committee of China Venture Capital and Private Equity Association Ltd.
  • Global Advisory Board member of the Council on Foreign Relations

Mark Haefele

Global Chief Investment Officer, UBS Wealth Management

About

Mark Haefele is the Global Chief Investment Officer of UBS Wealth Management and the Chair of the UBS Global Investment Committee. In this capacity, Mark oversees the investment policy and strategy for approximately USD 2 trillion in invested assets.

Mark joined UBS as Head of Investment, CIO WM when the CIO office was founded in 2011.

Before joining UBS, Mark was the co-founder and co-fund manager at Sonic Capital. He also served as a Managing Director at Matrix Capital Management.

A former lecturer and acting dean at Harvard University, Mark is a frequent contributor to numerous financial media, including CNBC, Bloomberg and the WSJ.

Mark serves on the Foundation Board of the Pension Fund of UBS.

Mark received a BA from Princeton, and both an MA and PhD from Harvard University.

As a Fulbright Scholar, he also received an MA from the Australian National University.

Min Lan Tan

Head Chief Investment Office APAC, UBS Global Wealth Management

About

Tan Min Lan is a Group Managing Director at UBS AG. Since July 2013, she is the Head of the APAC investment office at UBS Global Wealth Management. She serves on the Global Investment Committee, Emerging Market Investment Committee and Asia Investment Committee at UBS Global Wealth Management, which formulate the regional and global UBS House View.

Prior to joining UBS Global Wealth Management, Min Lan spent eleven years with the UBS Investment Bank where she held a number of senior appointments. From 2002-2012, Min Lan was the Head of Research and Strategist at UBS Securities Singapore. Over this period, Min Lan was ranked a top analyst in Asia across major institutional investor surveys, including being named the Number 1 analyst in Singapore by Asiamoney for ten straight years. From 2006, she was concurrently appointed the Head of Equities for Singapore, with oversight of research, sales, trading and execution, prime brokerage and exchange traded derivatives. In 2012, Min Lan was made the Global Head of FICC Macro Strategy Research, where she was in charge of teams covering global asset allocation, global emerging markets, fixed income, FX and credit research.

Before joining UBS, Min Lan worked as a senior economist with the Econometric Modelling unit at the Monetary Authority of Singapore, as well as an economist and strategist at Merrill Lynch covering the Asian equities markets. Min Lan holds a Bachelor in Accountancy (Hons) from the National University of Singapore and is a CFA charter holder. She also sits on the Investment Review Committee of the Singapore National Kidney Foundation.

Paul Donovan

Global Chief Economist, UBS Global Wealth Management

About

Paul joined UBS Wealth Management in August 2016, and is the Global Chief Economist. 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 view around the world. He started at UBS Investment Bank as an intern in 1992, and was previously Global Economist for the Investment Bank. He has an MA in Philosophy, Politics and Economics from Oxford University, and an MSc in Financial Economics from the University of London. He is an Honorary Fellow of St Anne's College Oxford, appears regularly in print and broadcast media, and is the author of several books (all available from Amazon.com).

His views can be found at www.ubs.com/pauldonovan, or on his LinkedIn or YouTube profiles.

Visit the page and sign up to receive Paul's daily emails.

Adrian Zuercher

Head of Asset Allocation APAC, Chief Investment Office, UBS Global Wealth Management

About

Adrian Zuercher is Managing Director and Head Asset Allocation APAC at UBS Chief Investment Office WM in Hong Kong. In his role, he is responsible for the APAC asset allocation strategy for both advisory and discretionary mandates. He chairs the Asia Investment Committee and serves as a member of the Emerging Market Investment Committee which both formulate the regional and global UBS House View.

Before joining UBS, Adrian was head of emerging market strategy and global asset allocation investment strategist at Credit Suisse Asset Management in Hong Kong. In this role, he was responsible for multi-asset class portfolios and has advised sovereign wealth funds on asset allocation. Prior to that, he was a fund manager in charge of Asia at VP Bank Asset Management, and a multi-asset class portfolio manager at F. van Lanschot Bankiers. Adrian holds a master's degree in finance and economics from the University of Bern and is a CFA charter holder.

Suni P. Harford

Head of Investments, UBS Asset Management

About

Suni joined UBS Asset Management as Head of Investments in July 2017. She is responsible for CHF 677 billion of the CHF 819 billion in invested assets under management, as of July 31, 2018. She is a member of UBS AM's Executive Committee, which sets the division's overall business strategy, and of the AM Risk Committee. She is also a member of the UBS Americas Management Committee.

Before joining UBS, Suni worked at Citigroup for 24 years. During her career there she was Regional Head of Markets for North America for nine years, with responsibility for sales, trading, origination and research across all fixed income, currencies, commodities, equities and municipal businesses. Suni was also a member of Citi's Pension Plan Investment Committee and a Director on the Board of Citibank Canada. She started her Wall Street career at Merrill Lynch & Co. in Investment Banking.

Suni is a prominent diversity champion, both in the financial services sector and the wider business community. She is actively involved in UBS's Diversity & Inclusion Committee and a senior sponsor of UBS's women's networking and mentorship organization, All Bar None. Previously, she served as the co-head of Citi Women and on the Board of Directors of The Forte Foundation, a US non-profit organization dedicated to increasing the number of women leaders in business. She is a founding sponsor of Veterans on Wall Street, on the Advisory board of the Bob Woodruff Foundation and is involved in many organizations raising awareness and support for the US veteran community.

Suni has held seats on the Board of several industry associations including the Depository Trust and Clearing Corporation and SIFMA (Securities Industry Financial Management Association), and is a regular contributor to industry conferences and keynotes, including for the CFA Institute, the Securities Trade Association and Women in ETFs. For several years, she has been recognized as one of American Banker’s Most Powerful Women in Finance.

Sundeep Gantori

Equity Analyst, Chief Investment Office, UBS Global Wealth Management

About

Sundeep Gantori is an equity analyst responsible for covering the global technology sector and the Asia ex-Japan Focus 20 list, which features CIO's highest conviction ideas in the region.

Sundeep joined UBS Global Wealth Management as an equity analyst in February 2007. His coverage primarily focuses on global technology sectors including internet, semiconductors, software and services, and hardware. Additionally, Sundeep is also responsible for managing the Asia ex-Japan Focus 20 list, covering Taiwanese equities and developing other thematic ideas. Before joining UBS, Sundeep worked as an equity analyst at PCS Securities, an Indian brokerage firm where he was covering the Indian IT and telecom sectors.

During the past few years, Sundeep has authored many thought-leadership pieces on topics like AI, automation, cryptocurrencies, blockchain, etc., and his views regularly appear across high-profile media outlets.

James Gifford, PhD

Head of Impact Investing, Chief Investment Office, UBS Global Wealth Management

About

James Gifford is Head of Impact Investing in the Chief Investment Office of UBS Global Wealth Management. Based in Zurich, James drives UBS's key impact investing initiatives. Prior to joining UBS, James was a Senior Fellow at Harvard University's Initiative for Responsible Investment, where he established its 'Impact Investing for the Next Generation' program, a program he continues to teach.

He was the founding Executive Director of the UN Principles for Responsible Investment and led the organization from inception in 2003 until 2013, building it into the largest investor initiative in the world on sustainable investing, with over 1400 signatories and $40 trillion in assets represented.

James holds Bachelor's degrees in Commerce and Law from the University of Queensland, a Master's degree in Environmental Management from the University of New South Wales, and a PhD from the University of Sydney on the effectiveness of shareholder engagement in improving corporate sustainability performance. He is a Research Fellow at the University of Zurich and has multiple articles and book chapters on sustainable and impact investing.

Kelvin Tay

Regional Chief Investment Officer, UBS Global Wealth Management

About

Kelvin Tay is the Regional Chief Investment Officer at UBS Global Wealth Management. Kelvin is a member of the UBS Global Emerging Markets Investment Committee, as well as the Asia-Pacific Investment Committee where he provides strategic research and inputs to the investment and asset allocation process across asset classes.

Based in Singapore, Kelvin joined UBS Global Wealth Management Asia in April 2006 and was deputy head of P&S Consulting (Southeast Asia), where he helped clients structure investment portfolios based on asset allocation. Prior to joining UBS, Kelvin worked at Deutsche Bank Private Wealth Management (Asia) as the Asian & European Equity Strategist responsible for Asian & European equity selection. He was also the portfolio manager of the Asian equities portfolio and was also responsible for conducting funds research.

From 2002 to 2004, Kelvin was a Regional Telecoms Analyst with JPMorgan Chase where he was consistently one of the top 3 rated regional Asian telecoms analysts in international surveys such as AsiaMoney and Institutional Investor.

From 2000 to 2002, Kelvin was a Regional Telecoms Analyst with ABN AMRO (Asia) Ltd in Hong Kong, where he was ranked No.3 in AsiaMoney's Asia-wide regional telecoms analyst survey in 2001 and his team was ranked No. 1 in the 2000 Greenwich survey. Prior to that, Kelvin worked at Overseas Union Bank in Singapore as a credit analyst in loan syndications and capital markets.

Guest Speakers

Malie Conway

Chief Investment Officer, Global Fixed Income, Allianz Global Investors

About

Ms. Conway is CIO Global Fixed Income with Allianz Global Investors; she joined the firm in 2016 following the acquisition and integration of Rogge Global Partners, which she joined in 1998. She is a member of the firm’s European Executive Committee, chairs the Investment Committee for the Global Fixed Income team, and is responsible for the overall risk budget and sector allocations. Ms. Conway has more than 30 years of investment-industry experience. While at Rogge Global Partners, she was responsible for launching and managing the global credit portfolios.

Ms. Conway was previously a member of the senior portfolio management team at Rothschild & Co. responsible for global, US and short-term mandates; before that, she was a portfolio manager at J.P. Morgan responsible for global, US and short-term mandates. Ms. Conway has a B.A. with honors in finance and marketing from Southbank University.

Matt Miller

Political Economist and Corporate Affairs Advisor, Capital Group

About

Matt Miller is a political economist and corporate affairs advisor at Capital Group where his duties include analyzing U.S. policy trends that affect investment decisions, and supporting Capital’s communication and engagement efforts with a wide range of external audiences.

He also hosts the firm’s new podcast, “Capital Ideas,” which features a blend of long-term investment insights from Capital’s team, and conversations with top authors and thinkers relevant to global finance. He has 32 years of industry experience and has been with Capital Group for three years. Prior to joining Capital, Matt was a senior advisor at McKinsey & Company. Before that, he served as a senior advisor in the White House Office of Management and Budget and was a White House Fellow serving as a special assistant to the chairman of the Federal Communications Commission. He was also a columnist for The Washington Post; the host of public radio’s “Left, Right & Center” program; and a senior fellow at the Center for American Progress. He has authored two books on public policy — The Two-Percent Solution: Fixing America’s Problems in Ways Liberals and Conservatives Can Love and The Tyranny of Dead Ideas — and has contributed to Fortune, Time, The New Republic and various other national publications. He holds a law degree from Columbia Law School, where he was a James Kent scholar, and a bachelor’s degree in economics from Brown University, graduating magna cum laude. Matt is based in Los Angeles.

Ed Huang

Head of Private Equity for Greater China and Korea, Blackstone

About

Mr. Huang is Head of Private Equity for Greater China and Korea for Blackstone. Since joining Blackstone in 2012, Mr. Huang has led or been involved in Blackstone’s investments in Shya Hsin Packaging, Global Sources, Pactera, Xinrong, and Simone. Before joining Blackstone, Mr. Huang was previously a Managing Director for China investments in Morgan Stanley Private Equity Asia, and also worked in investment banking for Morgan Stanley and Merrill Lynch in New York and Hong Kong. Mr. Huang received a B.A. from Yale University and an M.B.A. from Harvard Business School. Mr. Huang currently serves on the boards of Shya Hsin Packaging, Clarion Events, Xinrong, Simone as well as Bluestar, and previously served on the board of Pactera.

Brian Lofton, CFA

Chief Risk Officer, Whitebox Advisors

About

Brian Lofton joined Whitebox in 2013 and serves as the firm’s Chief Risk Officer. Prior to joining Whitebox, Mr. Lofton was Head of Risk Management at Concordance Capital Management. While at Concordance, he also built and managed a systematic volatility arbitrage and momentum trading portfolio. Mr. Lofton previously led the development of an internal risk system used to monitor Allianz Investment Management’s $70 billion global hedging operation and worked in risk management at Deephaven Capital Management. Mr. Lofton earned a BS in Finance and Certificate in Applied Mathematics from Washington University in St. Louis in 2002 and 2005, respectively, and an MS in Financial Mathematics from the University of Chicago in 2007.

Stephanie Leung

Deputy CIO, Caravel Group

About

Stephanie Leung has 14 years of experience in the finance/consulting industry. She began her career at McKinsey & Company advising companies in the Asia Pacific region. From 2006 to 2013, Stephanie worked at Goldman Sachs initially in Research and later in the Equities division managing a HK/China portfolio. She worked as Portfolio Manager for Kriya Capital and Harmony Advisors subsequently, and in 2017 she joined Caravel Asset Management as the Deputy CIO. Stephanie earned her MS in Computer Science from Stanford University and BS in Computer Engineering from University of Michigan.

Sean P. Fitzgibbon, CFA

Executive Vice President, Senior Portfolio Manager, BNY Mellon Investment Management

About

Sean is the lead portfolio manager for the firm's Thematic Active Equity solutions and Emerging Markets Equity strategies, using an approach that combines fundamental research with quantitative tools. Sean has been blending these research techniques as a portfolio manager since 2002, initially managing US large cap and global strategies.

In 2008, Sean started managing the emerging markets strategies. In 2016, Sean formalized the firm’s approach to Thematic Active Equity solutions to better align fundamental and quantitative resources. Sean has been with the firm since 1991, and during his career, his equity coverage responsibilities have included Health Care, Consumer Discretionary, Consumer Staples, Financials and Utilities. Sean received a BS in economics from Northeastern University and an MBA from Babson College. He holds the Chartered Financial Analyst® designation and is a member of the CFA Society Boston and the CFA Institute.

Jonnie Penn

MIT Media lab, Cambridge, MTV

About

Jonnie Penn is a #1 New York Times Bestselling author, an internationally renowned keynote speaker, a Google Technology Policy Fellow, and a Rausing, Williamson, and Lipton Trust doctoral scholar researching artificial intelligence (AI) at the University of Cambridge.

Jonnie is passionate about helping citizens and companies make sense of how emerging technologies like AI will shift civic, political, and economic norms. He has spoken at Harvard Law School, Amazon, TED, HSBC Private Banking, and hundreds of other major institutions around the globe. He has consulted with companies such as General Motors, Verizon, and Viacom, as well as with government bodies in Canada, the UK, and the European Commission.

In 2018, Jonnie will join the MIT Media Lab and Harvard’s Berkman Klein Center for Internet & Society to research AI & Governence in their Assembly cohort. He serves on the IEEE’s Working Group on a Standard for Child and Student Data Governance (IEEE P7004). As a teenager, he founded The Buried Life, a popular online community that asks, “What do you want to do before you die?”

Jonnie’s work has been featured on The Today Show, The Oprah Winfrey Show, CNN, FOX, CBS, ABC, NBC News, and more. Oprah Winfrey called Jonnie’s vision “truly inspiring.”

Colin le Duc

Founding Partner, Generation Investment Management

About

Colin le Duc is a Founding Partner of Generation Investment Management. He is also a founding member of the Growth Equity strategy, and a member of the firm's Management & Investment Committees. He is also head of the firm’s San Francisco office. Prior to joining Generation, Colin worked for Sustainable Asset Management in Zurich, Arthur D. Little in London, and Total in Paris. Colin serves as a Board Director for Nairobi-based M-KOPA Solar as well as San Francisco-based Asana. He is also a member of The Nature Conservancy's Natural Climate Solutions Advisory Group.

Tony Yeung

CEO, Peterson Group & Board Director, Asian Venture Philanthropy Network (AVPN)

About

Tony Yeung is the CEO Peterson Group, a family office based out of Hong Kong with investments in real estates, alternative investments and asset management.

He is also a Board Director at AVPN, a comprehensive funders' network and ecosystem builder in Asia-Pacific. He assists the organization’s activities as it grows the social investment sector with more than 500 members across 32 countries in the network. AVPN is catalyzing the movement toward a more strategic, collaborative and outcome focused approach to social investing by ensuring that resources are deployed as effectively as possible to address key social challenges facing Asia today and in the future.

He is also founding member of Sustainable Finance Initiative (SFi) alongside RS Group and other private families. The SFi is a small group of ambassadors keen to promote the growth of HK’s sustainable finance ecosystem via actively investing in impact, advocacy in the sector, and promoting collaboration to help private investors become more active and effective in working with the broader sustainability space.

Mr. Yeung is a third generation member of Peterson Group. He graduated from Washington University in St. Louis.