Economics

UBS Top Economist Donovan Finds Career Marred by China Comments

Economist put on leave over comments that caused China uproar
The fallout threatens UBS’s business in a key wealth market

Paul Donovan, global chief economist at UBS Wealth Management, apologizes for making reference to a "Chinese pig."Source: Bloomberg)

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By Simon Kennedy

June 14, 2019 at 4:27 PM UTC

This article is for subscribers only.

“Economics without jargon, but with sarcasm,” is how UBS Group AG economist Paul Donovan describes his work on Twitter.

It’s that plain-spoken approach to economic analysis that’s unwittingly landed Donovan on leave from the world’s biggest wealth manager and in the center of a storm in one of its most important markets.