Chi-Won Yoon is a leader in an industry that faces dramatic change. Over 30 years, he focused on developing skills to navigate those changes.
Yoon’s career took him from program trading and index arbitrage on Wall Street to serving as Asia Pacific President of UBS AG, overseeing wealth management, investment banking, and global asset management across 13 countries and nearly 8,000 employees. Before his 22-year tenure at UBS, Yoon worked at SBC Warburg, Lehman Brothers, and Merrill Lynch.
The MIT Sloan alumnus visited campus recently to talk with MBA and master of finance students. When asked what distinguishes the most successful leaders in banking and finance, Yoon cited three core qualities and two bonus traits that set top executives apart from the pack.
First, the basics, which Yoon said should be table stakes for finance professionals:
- The ability to learn. “The people at the top are the ones who can learn very quickly,” Yoon said; people who “learn how to learn” as students will find that skill is a competitive advantage in the workforce. As a 60-year-old newly retired from one of the most powerful positions in finance, Yoon is planning a return to MIT to delve more deeply into blockchain, artificial intelligence, and “regtech” (regulatory…