Massimiliano Castelli



Managing Director, Head of Strategy and Advice, Sovereign Institutions, UBS Asset Management

As Head of Strategy in the team serving sovereign institutions globally, he analyses the market trends affecting the investment behaviour of central banks, sovereign wealth funds and other state-controlled investment institutions. He works closely with the investment teams in providing investment advice and developing tailored investment solutions in Europe Middle East and Africa,. Asia Pacific and Americas. He is a member of the UBS Sovereign Investment Management Committee.

Max established himself as a global thought leader on the macroeconomics, global capital markets and economic policies trends. He is often called by leading institutions as an expert on global economic and financial matters and regularly publishes articles and research on international economic policy and financial market issues and he is often quoted in the media. He had a long list of publications including The New Economics of Sovereign Wealth Funds in the Wiley Finance Series, a book providing a thorough guide to sovereign wealth funds. 

In his twenty five years-long international career, Max has been Head of Public Policy for UBS in Europe, Middle East and Africa, Senior Economist for Emerging Markets at UBS and international consultant advising governments, corporates and international institutions. Before being a professional economics he was a lecturer in Economics at the University of Rome La Sapienza, Italy.    

Max holds a PhD in Economics from the University of Rome and a Msc in Economics from the University of London. He  has completed the IMD Senior Leadership Program and Exponential Learning Series at Singularity University. He is a Fellow at the Sovereign Investment Laboratory at Bocconi University, Vice Chairman of the Asset Management Investment Council,  International Capital Market Association and a subject expert at the World Economic Forum.