02.02.2026
The case for emerging market debt
As we head into 2026, emerging market (EM) bonds offer a solid opportunity, backed by improved fundamentals, positive technicals, and attractive all-in yields thanks to high baseline Treasury levels.
Nicolas Laroche
Global Head of Advisory & Asset Allocation
Geneva, Switzerland
English, French
Nicolas Laroche, who has over 18 years of experience in wealth management and financial markets, joined UBP in June 2016 as Global Head of Advisory Services managing a team of fixed income and equity investment specialists. In May 2023 he was appointed to the additional role of Global Head of Asset Allocation, joining UBP’s Global Investment Committee.
Prior to UBP, Nicolas spent 10 years with Crédit Agricole Indosuez Wealth Management as an advisor managing a book of Ultra High Net Worth (UHNW) advisory mandates. He started his career within the advisory team in the private banking division of BNP Paribas in Paris where he started building up his passion and skills for global equity markets, thematic research and stock-picking.
Nicolas holds a master’s in finance from the French business school Skema.
Explore more from Nicolas
30.01.2026
Stockpiling pulls demand forwards for metals and minerals
The mining rally in 2025 was led by precious and base metals, with gold miners up roughly 150% year-to-date, and prices for gold, silver, and copper all at record highs.
28.01.2026
The rise of power demand
Global power demand is entering a new and sustained growth phase, marking a clear shift from the flat or declining trends seen in developed markets over much of the past two decades. This change is being driven by the need to upgrade infrastructure and by rising power demand not seen for years in developed economies.
27.01.2026
New era for Chinese technology - Investment Outlook 2026
Chinese authorities are now fully behind the technology sector after years of cracking down on it. Self-sufficiency in semiconductors and AI has become a top strategic priority, driven by geopolitical tensions.
27.01.2026
Artificial intelligence’s long-term winners - Investment Outlook 2026
The technology sector continues to be at the forefront of innovation, driven by the rapid adoption of artificial intelligence (AI).
26.01.2026
UBP Weekly View - Geopolitical noise drowns out positive US macro data
Equity markets have seesawed in response to renewed geopolitical threats of a transatlantic trade war. A Greenland-related U-turn at the World Economic Forum (WEF) meeting in Davos offered momentary relief.
19.01.2026
UBP Weekly View - Geopolitics dominating the headlines
Geopolitical tensions have intensified since the start of the year, spanning Venezuela, Greenland and Iran. At the same time, resource nationalism is on the rise, with major powers increasingly competing for control of strategically critical commodities. While this backdrop underpins gold, equity markets remained largely unscathed last week: small caps outperformed as earnings momentum broadens beyond the technology sector. This week, the Davos summit will shine more light on geopolitics, as concerns about Greenland are rising.
12.01.2026
UBP Weekly View - Equities markets optimism despite geopolitics
Despite geopolitical tensions, investors embraced equities, with broader sector participation signalling hopes that corporate earnings growth will stretch beyond technology this year. The US dollar continued to soften, though this week’s inflation data is unlikely to spark any sharp drops.