Experience

Sheldon Ray is a Senior Portfolio Manager and Senior Vice President at UBS in Washington, DC. Together with his business partner, Asif Bhally, they manage two complementary investment strategies:

A global value-oriented portfolio of equities and fixed income for individuals and institutions
A U.S. growth-oriented portfolio of equities and fixed income for individuals and institutions
Over a career spanning more than 30 years, Sheldon has developed expertise in risk management, corporate governance, global macroeconomics, and long-term geopolitical trends. His investment approach combines rigorous fundamental analysis—including dividend yields, valuation metrics, and credit quality—with extensive independent research and ongoing dialogue with senior government officials, diplomats, economists, regulators, and journalists.

Sheldon was recently appointed to a four-year term on the U.S. Securities and Exchange Commission's Investor Advisory Committee. He also serves on the Advisory Board of the SEC Historical Society. During the Sarbanes-Oxley era, he advised SEC Commissioners on international securities regulation and continues to maintain relationships with regulatory counterparts abroad.

His fascination with investing began at age 14 during the bear market of the early 1970s. He entered the securities industry with Prudential Securities in 1996 and later held positions at Morgan Stanley and UBS before joining Raymond James in 2015. Earlier in his career, Sheldon worked in real estate investment in Hong Kong, an experience that helped shape his enduring global perspective.

Sheldon serves as Chairman of the Board of the Osgood Center, Treasurer of the Foreign Policy Discussion Group, and a member of the Board of Directors and Finance Committee of Watergate South. He has also been an active member of the Rotary Club of Washington, DC, for more than 30 years, having first joined Rotary in Hong Kong in 1988.

Sheldon earned a Bachelor of Science in Finance from Louisiana State University and holds the Certified Portfolio Manager designation from Columbia University. He lives in Washington, DC, with his wife, Mary Beth, and is an Eagle Scout.

Asif Bhally is a Portfolio Manager at UBS in Washington, DC. His experience spans corporate finance, equity research, and portfolio management, with a focus on growth-oriented equity and fixed income strategies. His investment process emphasizes free cash flow analysis, macroeconomic trends, and technical market analysis, while his commitment to regular client communication helps build lasting relationships.

Prior to joining UBS, Asif served as a Portfolio Manager in the U.S. private client capital markets division of the Royal Bank of Canada. Earlier, he was an Equity Research Analyst at Ferris, Baker Watts, then Washington's largest investment banking firm, where he worked closely with the Director of Research covering the institutional energy sector and helped expand the firm's engineering and construction research platform.

Earlier in his career, Asif worked in the corporate finance division of MCI Telecommunications, providing valuation support for strategic transactions. He has also completed consulting assignments for the World Bank Group, the International Monetary Fund, and the American Red Cross.

Community service has long been an important part of Asif's life. Through Rotary International and the American Red Cross, he supported Rotary's global campaign to eradicate polio, receiving recognition from both Rotary and the Bill & Melinda Gates Foundation. He also volunteers with The Citizens Foundation, a nonprofit dedicated to expanding educational opportunities for underserved children in South Asia.

Asif earned an MBA in Finance from American University's Kogod School of Business and bachelor's degrees in Business and Economics from Edinboro University. He has appeared on Money Matters and Fox News as a commentator on market cycles and investment strategy.

He lives in Bethesda, Maryland, with his wife and daughter and enjoys playing and following tennis.

Tigran Anlian is a Client Associate at UBS in Washington, DC. He began his financial services career in 2023 with a wealth management team at Alex Brown–Raymond James and is dedicated to delivering exceptional client service. His responsibilities include transaction processing, performance reporting, and data management, helping clients receive efficient, responsive support as they pursue their financial goals. Tigran continues to strengthen his expertise in equity and fixed-income research while expanding his proficiency with Bloomberg and other investment research tools.

Before entering the wealth management industry, Tigran earned a Bachelor of Science in Business Administration with a concentration in Investments from Towson University. His academic background reflects a longstanding interest in financial markets, portfolio management, and investment strategy.

Tigran spent his nascent years in Armenia, where he was immersed in a rich cultural heritage that shaped his earliest memories. After relocating to the United States, he began his education in Washington, DC, and later graduated from St. John’s College High School. His experience growing up in a developing country gave him a unique perspective on the importance of financial well-being for individuals and families—an insight that now drives his commitment to helping clients build secure financial futures.

An Eagle Scout, Tigran brings a strong sense of integrity, leadership, and service to both his professional and personal life. He is committed to giving back to his community and continually seeks opportunities to make a positive impact.

Tigran lives in Bethesda, Maryland. Outside the office, he enjoys snowboarding, biking, and travelling.