Union Bancaire Privée
| Union Bancaire Privée (UBP) | |
|---|---|
|
|
| Country |
 Switzerland
|
| Seat | Geneva |
| legal form | Corporation |
| IID | 8657 |
| BIC | UBPGCHGGXXX |
| founding | 1969 |
| Website | www.ubp.com |
| Business data | |
| Employee | 1,743 |
| management | |
| Corporate management |
Guy de Picciotto ( CEO ) |
Union Bancaire Privée ( UBP SA ) was founded in 1969 by Edgar de Picciotto . The private bank manages client assets amounting to 140.3 billion Swiss francs .
UBP specializes in asset management for private and institutional clients. The bank is headquartered in Geneva , Switzerland and employs 1,743 people.
history
On November 11, 1969, Edgar de Picciotto founded the Compagnie de Banque et d'Investissements (CBI) in Geneva. In 1990 CBI took over the TDB-American Express Bank, from which today's Union Bancaire Privée emerged. Another expansion took place with the acquisition of Discount Bank and Trust Company in 2002.
In 2011, UBP acquired the Swiss subsidiary of the Dutch state-owned ABN Amro Bank, which is an important player in wealth management in Switzerland. With the conclusion of a joint venture in Hong Kong and Taiwan with TransGlobe, UBP expanded its business activities in Asia in the same year. In 2012, UBP acquired the Paris-based hedge fund investment company Nexar Capital Group, which has offices in London, Jersey and New York.
In May 2013, UBP announced the acquisition of the international private banking business of Lloyds Banking Group .
In May 2016, UBP announced an agreement with SEB , a leading financial services company in the Nordic countries. This will enable the bank to offer SEB's range of Luxembourg funds to its institutional clients and third-party fund distributors.
In 2017, UBP announces an important collaboration with Partners Group, one of the largest global private markets investment managers, to bring a new innovative approach to fixed income investment management.
In May 2018, UBP takes over Banque Carnegie Luxembourg.
In July 2018, UBP expanded its presence in the UK through the acquisition of ACPI.
In January 2019, the rating agency Moody's gave UBP a long-term rating of Aa2 (“long-term Aa2 deposit rating”) with a stable outlook.
Business areas
Private banking
UBP has over 300 account managers in several countries and offers various management mandates and advisory models.
Wealth planning
UBP has built up a team of experts who specialize in certain regions in order to be able to structure assets globally. The team guides and supports clients in setting up asset structures that are tailored to the clients' individual needs. Such structures are offered exclusively through external parties.
Through the services of FOSS Family Office Advisory (FOSS) , UBP offers advice on single-family offices as well as the mediation of multi-family offices. FOSS supports wealthy families from all over the world in setting up their own single-family office or in finding a suitable multi-family office.
Asset management
UBP is a comprehensive asset manager that offers a wide range of investment solutions specifically tailored to the needs of institutional clients. The bank offers a wide range of asset allocation, stocks, bonds, diversification strategies and alternative fund of hedge funds.
Alternative investments
UBP has played a pioneering role in the alternative investments segment since the 1970s. Over the years, the bank has built up a competent hedge fund advisory service and today manages several pooled funds and individual mandates. The acquisition of Nexar in 2012 underscores its continued commitment to this asset class.
In April 2013, UBP announced a partnership with Guggenheim Fund Solutions (GFS), which specializes in managed accounts across the full spectrum of hedge fund strategies. Together, the two companies set up a new hedge fund platform.
Distribution and trade
Services offered by UBP include: advisory, structured products, stock trading, stock arbitrage, brokerage, currency and precious metals trading, futures, derivatives and treasury management. UBP has more than 40 specialist traders who work with private asset managers.
Investment philosophy
Every year UBP publishes its economic outlook with a summary of the main macroeconomic events of the past year and its investment policy recommendations for the following year.
Finances
As of December 31, 2019, the bank had total assets of CHF 32.8 billion. Thanks to a conservative approach to risk management, UBP has a stable financial base and a solid balance sheet with a high level of liquidity. With a core capital ratio (Tier 1) of 25.6% (as of December 31, 2019), UBP is one of the best capitalized banks in Switzerland.
Web links
Individual evidence
- ↑ a b Entry in the bank master of Swiss Interbank Clearing
- ↑ a b c d 2019 results , UBP, January 22, 2020
- ↑ About us , UBP
- ↑ UBP to buy Swiss arm of ABN Amro , Citywire, August 16, 2011
- ↑ UBP launches two Asia focused joint ventures , Citywire, August 3, 2011
- ↑ UBP to buy Paris-based alternatives group Nexar , Reuters, February 29, 2012
- ↑ Lloyds Sells International Private Banking Business to UBP ( Memento December 22, 2013 in the Internet Archive ), Bloomberg News, May 29, 2013
- ↑ - UBP expands asset management offering , UBP, May 10, 2016
- ↑ - UBP and Partners Group terminate cooperation , UBP, 17th year 2017
- ↑ - Geneva-based private bank UBP takes over Banque Carnegie Luxembourg , Neue Zürcher Zeitung, May 31, 2018
- ↑ - UBP takes over Banque Carnegie Luxembourg , UBP, May 31, 2018
- ↑ - Private bank UBP acquires in Great Britain , Handelsblatt, July 19, 2018
- ↑ - UBP Expands UK Presence by Acquiring ACPI , UBP, July 19, 2018
- ↑ - Moody's assigns first-time Aa2 deposit ratings to Union Bancaire Privee SA; outlook stable , Moody's, January 17, 2019
- ↑ ( page no longer available , search in web archives: About UBP ), UBP, 3rd quarter 2013
- ↑ ( page no longer available , search in web archives: asset and estate planning ), UBP
- ^ FOSS Family Office Advisory , UBP
- ↑ Union Bancaire Privée takes Nexar , finews.ch, February 29, 2012
- ↑ UBP chooses Guggenheim Fund Solutions , finews.ch, April 24, 2013
- ↑ Private bank Union Bancaire Privee (UBP) expects gold to pass the 2000 hurdle in 2013 ( memento of January 28, 2017 in the Internet Archive ), boerse-express.com, December 6, 2012
Coordinates: 46 ° 12 '11.1 " N , 6 ° 9' 5.9" E ; CH1903: 500665 / 117664