As Managing Director and Global Head of Credit Trading at UBS from 2012 to 2020, he directed a team of 70 professionals across five countries. He spearheaded transformative initiatives, including Project Accelerate, which transitioned the business to a capital-light model, cutting resource consumption while increasing market share in key regions. He also implemented algorithmic credit trading platforms and led the integration of trading and risk management under the UBS Unified Capital Markets initiative.

Mr. Olesen played a pivotal role in regulatory and structural reforms, contributing to frameworks such as MIFID, CCAR, and the Volcker Rule. He managed IT budgets and led infrastructure advancements, including the migration of trading systems to platforms like Ion and Murex, achieving significant cost reductions and enhanced operational performance.

Earlier in his career, he served as Global Risk Manager for Credit, where he optimized capital utilization and managed significant risk exposures, including handling CDS portfolios during the Greece restructuring and Lehman Brothers' bankruptcy. He also successfully managed UBS's Non-Core Unit, overseeing the closure of the Global Correlation Trading division, achieving a material reduction of capital usage.

Philip holds a Bachelor of Commerce with Joint Honors in Economics and Finance from McGill University and earned his CFA designation in 1994. He also maintains a comprehensive set of FINRA certifications, including Series 7, 16, 24, 63, 79, and SIE. Philip began his career at the Bank Credit Analyst as a Research Associate.