UNION BANCAIRE PRIVEE, UBP SA, Zurich
 |
UNION BANCAIRE PRIVEE, UBP SA
|
Bank Profile
UNION BANCAIRE PRIVEE, UBP SA, based in Geneva and with branches in Basel, Lugano and Zurich, specialises in private banking and asset management and was founded in 1969 by Edgar de Picciotto.
Edgar de Picciotto has been active in the financial world since 1956 and officially established the Compagnie de Banque et d’Investissements (CBI) in Geneva on 11 November 1969. From the 1980s onwards, the CBI undertook numerous acquisitions. The largest of these was that of TDB-American Express Bank in 1990, which led to the creation of the current entity, Union Bancaire Privée. After taking over the Discount Bank and Trust Company in 2002, UBP developed organically, building on the excellence of its financial expertise.
In 2011, the Bank acquired the Swiss subsidiary of the Dutch group, ABN AMRO, which was active in the field of wealth management. It also established two partnerships – in Hong Kong and Taiwan – with TransGlobe, a company renowned for its expertise in the Chinese market. In early 2012, UBP acquired Nexar Capital Group, a global player in alternative investment management recognised for its skills in investment strategy, risk management and product innovation.