Union Bancaire Privée
 |
|
| Private | |
| Industry | Financial services |
| Founded | 1969 |
| Founder | Edgar de Picciotto |
| Headquarters | Geneva, Switzerland |
|
Area served
|
Worldwide |
|
Key people
|
Daniel de Picciotto (Chairman) Guy de Picciotto (CEO) |
| Products |
Private banking Asset management Alternative investments |
| AUM | CHF 118.3 billion |
|
Number of employees
|
1,665 |
| Website | www.ubp.com |
Union Bancaire Privée (UBP SA) was founded in 1969 by Edgar de Picciotto. It is one of the most highly capitalized private banks, and a major player in the field of wealth management in Switzerland with CHF 118.3 billion of assets under management.
UBP is a full-scale wealth-management bank for private and institutional clients. The bank is headquartered in Geneva, Switzerland and has 1,665 employees.
Edgar de Picciotto established the Compagnie de Banque et d’Investissements (CBI) in Geneva on 11 November 1969. CBI acquired TDB-American Express Bank in 1990, which led to the creation of the current entity, Union Bancaire Privée. UBP developed further with the takeover of the Discount Bank and Trust Company in 2002.
In 2011, UBP acquired the Swiss arm of Dutch state-owned ABN Amro Bank, a pure Swiss private bank. The same year, UBP also broadened its operations in Asia by establishing two joint ventures in Hong Kong and Taiwan with TransGlobe. In 2012, UBP acquired Paris-based fund of hedge funds Nexar Capital Group, which has offices in London, Jersey and New York.
In May 2013, UBP announced the acquisition of Lloyds Banking Group’s International Private Banking business.
On 26 March 2015, UBP signed an agreement with the Royal Bank of Scotland Group (RBS) to buy the international private banking activities of RBS's subsidiary, Coutts & Co International. These assets meant that UBP assumed control of their entities in Switzerland, Monaco and the Middle East.
In May 2016 UBP announced it signed an agreement with SEB, a Nordic financial services group, enabling UBP to distribute SEB's Luxembourg fund range to institutional clients and third-party distributors.
In January 2017, UBP announced a partnership with Partners Group, the global private markets investment manager.
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Wikipedia