10 Jun 2024

SBAI Welcomes New Stakeholder: Union Bancaire Privée, UBP SA

Investor Chapter
Union Bancaire Privée, UBP SA (UBP)

Union Bancaire Privée, UBP SA (UBP) is an independent, family-owned, Swiss bank. It was founded in 1969 by Edgar de Picciotto, who was determined from the outset to create a bank that provided an innovative, high-quality wealth and asset management service to best preserve and grow clients’ wealth.

Headquartered in Geneva and with assets under management of CHF 140 billion as at the end of December 2023 and a professional, global workforce of around 2,094 people, Union Bancaire Privée has over twenty locations in key economic and financial hubs worldwide, enabling it to combine global expertise with local know-how.

UBP has a Tier 1 capital ratio of 28.9%. In January 2019, rating agency Moody’s assigned UBP a long-term deposit rating of Aa2 with stable outlook, which was reviewed and confirmed in July 2023