UBS has designed an outsourced investment program that addresses the needs of institutional clients and others.

UBS's wealth management Americas and asset management businesses have banded together to launch UBS Outsourced Chief Investment Officer (OCIO).

The new OCIO program is aimed at institutional clients and those who serve on investment committees at institutions, combining the firm's consulting experience and investment heritage.

The rationale is that institutional clients can manage risk more effectively through shared fiduciary responsibility and more robust approaches to governance.

For example, OCIO takes on various administrative burdens, while performance reports and economic and market intelligence helps keep clients updated and on track, UBS said.

“Outsourcing investment decisions to a knowledgeable and dedicated discretionary consultant, rather than relying on those within the organization who have differing responsibilities, can better help organizations accomplish their missions,” said Peter Prunty, head of institutional consulting.