It is with profound sorrow that we make note of the passing of a dear friend and colleague, Harold Yuen, this past weekend. During much of our time as a team in UBS Investment Management, Harold served as the General Counsel to our business. He was always gracious, often humorous, and occasionally bitingly (and deservedly) sarcastic dealing with us. We learned an immense amount from him about how to operate an advisory business in a way that was true to all stakeholders, from our clients to their advisors to the firm and to regulators. At the same time, he taught us how to differentiate between responsible and ridiculous, striking an appropriate balance between observing and honoring the law and letting it suffocate the work we were trying to do for our constituents. It might be best summarized as the practical practice of securities law.
During that time, we also got to be friends and had the opportunity to share in the joys of his life like hearing about his kids’ achievements, and marvel at his extraordinary resilience and spirit as he battled his illness.
This week we say goodbye, but also thank you. He enriched us personally with his friendship, and indelibly suffused what we do as professionals and investors with a sense of both propriety and pragmatism that informed everything we did at UBS, and everything we now do at WCM. Harold, thank you for your friendship and thank you for your counsel. Love ya, man.
— Doug, Jonathan and Mark