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UBS has reportedly fired its CS sustainability team – inside Paradeplatz

UBS has reportedly fired its CS sustainability team – inside Paradeplatz

A few weeks ago there was a story about the daughter of former CS star Hans-Ulrich Meister.

This had a meteoric rise in CS.

With the acquisition, she and her colleagues ended up in the sustainability funds space at UBS.

It is said that a major cleaning operation took place there.

According to information, officials recently removed almost the entire force.

When asked, the bank remained silent.

It has been reported from UBS that they generally do not answer questions regarding individual personal details at lower levels.

According to a source, it's all about results.

The performance of Alt-Credit Suisse's “green” funds has become an issue for UBS.

This clearly did not live up to expectations.

UBS is far behind (European Opportunity, Sustainable Justice; Amundi)

If this is true, UBS will be left out in the cold in a key area. For many years, the bank has been trying to score points with investment vehicles related to the environment and society.

That shouldn't be successful.

According to the data, the “Environmental, Social and Corporate Governance” (ESG) department, which has now been affected by a significant reduction, was “disappointed.”

This would be an explanation for the alleged “thunderstorm” over the ESG department.