Solita Marcelli, Global Head of Investment Management at UBS
Solita Marcelli, Global Head of Investment Management at UBS, and Chana Schoenberger, Editor-in-Chief of American Banker, recently sat down to discuss lessons learned, the attractiveness of the industry for new graduates, and insights on leadership.
Transcription:
Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record.
Chana Schoenberger (00:11):
Hi, I’m Chana Schoenberger. I’m the Editor-in-Chief of American Banker, and I have with me here Solita Marcelli, who is the Global Head of Investment Management at UBS. Thank you for coming in.
Solita Marcelli (00:22):
Thank you. Pleasure to be here with you.
Chana Schoenberger (00:26):
So just to kick us off, what is the biggest challenge you’re facing in your role today, and how are you handling it?
Solita Marcelli (00:33):
Great question, Chana. The biggest challenge today is striking the right balance between global scale and local needs. It’s important to provide value and access to clients without losing sight of what’s most important in each market. This requires listening to those closest to our clients, staying open-minded, and adopting successful ideas from one region to another. It’s a daily exercise in flexibility and focus.
Chana Schoenberger (01:33):
What are you telling clients about the global economic uncertainty we’re facing?
Solita Marcelli (01:33):
It’s crucial to cut through the noise and help clients focus on what’s important. We emphasize purpose-built portfolios and holistic advice, tying investment frameworks to financial goals. At UBS, we focus on liquidity, longevity, and legacy to simplify decision-making and provide clarity amidst uncertainty.
Chana Schoenberger (03:08):
Why should new graduates consider a career in banking?
Solita Marcelli (03:08):
Banking offers the opportunity to impact capital flow, drive innovation, and develop talent. It’s an exciting industry with diverse roles and opportunities for personal growth. Finding purpose in finance requires openness and personalization to discover the value and impact one can create.
Chana Schoenberger (04:34):
What have you learned about leadership as a senior executive?
Solita Marcelli (04:34):
Effective leadership involves traits like empathy, honesty, and talent development. Surrounding yourself with a strong team and nurturing future leaders are key aspects of successful leadership. Great leaders produce other leaders, multiplying their influence and impact.
Chana Schoenberger (06:34):
How is the banking industry handling current challenges?
Solita Marcelli (06:34):
The banking industry navigates challenges by prioritizing risk management, stakeholder responsibility, and regulatory compliance. Learning from past crises, banks strive to uphold ethical standards and demonstrate resilience in turbulent times.
Chana Schoenberger (08:08):
How is technology shaping your role and the industry?
Solita Marcelli (08:08):
Technology enhances the human-digital interface in wealth management, allowing for personalized advice and efficient service delivery. Artificial intelligence enables broader access to quality financial guidance, making processes more streamlined and effective for advisors and clients alike.
Thank you for reading this insightful discussion with Solita Marcelli, Global Head of Investment Management at UBS, and Chana Schoenberger, Editor-in-Chief of American Banker. For more information, you can visit the source here.
