Mike Ryan, the UBS Wealth Management’s chief investment officer for the Americas, argued that President Donald Trump should receive “high marks” for his pro-growth policies that led to the booming global economy, according to CNBC.
“I think prior to his election, the prospects of tax reform, of regulatory relief, or any sort of sensible approach to infrastructure were off the table,” Ryan claimed.
He further said that the U.S. tax code was very inefficient before President Trump signed the Tax Cuts and Jobs Act of 2017 into law.
UBS, a Swiss bank, is one of the world’s largest financial institutions. The company’s Wealth Management division is the largest private bank in the Asia Pacific region, according to Edmund Koh, Asia Pacific head of wealth management at UBS.