Geneva (ots) - - Union Bancaire Privée, UBP SA (UBP) announced today net earnings of CHF 165 million, an increase of 8.6% compared to 2013. - Assets under management have risen by 12.5%, reaching CHF 98.7 billion. - UBP continues to maintain a highly stable and liquid balance sheet; with a Tier 1 ratio of 29%, it is one of the best-capitalised banks in Switzerland. - ...
Geneva, Switzerland (ots) - Union Bancaire Privée, UBP SA ("UBP") announced today it has entered into a partnership agreement with a leading asset management team to strengthen its Asian capabilities, and established a new company in Shanghai, "UBP Investment Management (Shanghai) Limited". Mr Hong Chen, a leading figure in the Chinese asset management industry and ...
Geneva (ots) - Contrary to expectations, Europe did not undergo a healing process in 2014; whilst long-dated bonds generated remarkable performances, European equities underperformed. "The United States wheeled its economy into intensive care but other developed countries didn't follow suit, and their economies suffered relapses and found themselves back under observation," says Patrice Gautry, UBP's Chief Economist. This ...
Geneva (ots) - - Union Bancaire Privée, UBP SA (UBP) has seen an 8% rise in its assets under management since the end of December 2013, from CHF 87.7 billion to CHF 94.8 billion (USD 106.9 billion) at the end of June 2014. This growth is partly attributable to net inflows of CHF 2.4 billion. - The Group's net consolidated earnings have also risen, by 6.2%, to CHF 82 ...
Geneva (ots) - - - Union Bancaire Privée, UBP SA (UBP) has announced a 10% year-on -year rise in its assets under management to CHF 87.7 billion (USD 98.6 billion) as at 31 December 2013 (CHF 80 billion at the end of 2012). - The Group's operating profit came to CHF 218.3 million (USD 245.5 million), up more than 20% on the previous year, attesting to the business' ...
Geneva (ots) - - - Union Bancaire Privée, UBP SA (UBP) has announced a 10% rise in its consolidated net profit year on year, from CHF 70 million in June 2012 to CHF 77.2 million (USD 81.6 million) at the end of June this year. - Assets under management amounted to CHF 81.1 billion (USD 85.7 billion) as at 30 June 2013, compared with CHF 80 billion at the end of 2012. ...
Geneva (ots) - - - Union Bancaire Privée, UBP SA (UBP) has announced an increase in its assets under management, which totalled CHF 76 billion (USD 80 billion) as at 30 June 2012, representing a 6% rise compared with the end of 2011 (CHF 72 billion). This increase is the result not only of net inflows from both private and institutional clients but also of market and ...
Geneva, New York, Paris (ots) - Union Bancaire Privée, UBP SA ("UBP"), one of Switzerland's leading and best-capitalised private banks and a leader in the hedge fund industry, announced today that it has signed a definitive agreement to acquire Nexar Capital Group ("Nexar"), a global alternative investment manager. The combined UBP-Nexar alternative investment group will boast a broader platform, established global ...
Geneva (ots) - - - Seeing healthy prospects in the private banking industry, Union Bancaire Privée, UBP SA (UBP) strengthened its presence in that area of the Swiss market with the acquisition of ABN AMRO Bank (Switzerland) AG in the second half of 2011 - UBP booked consolidated profit of CHF 198 million (USD 211.7 ...
Geneva (ots) - 2011 was the year of black swans - those highly improbable occurrences that turn the world economy on its head. So what black swans could be in store for 2012? Central banks losing control over inflation, as a result of their policy of monetising sovereign debt to excess; or perhaps European growth in excess of 1.2%, a positive scenario that no economist is forecasting on today. The end of a cycle According ...
Geneva, Switzerland (ots) - Union Bancaire Privée, UBP SA and ABN AMRO Bank N.V. have announced today that they have entered into an agreement whereby UBP will acquire ABN AMRO Bank (Switzerland) AG. The cash transaction is subject to the usual completion conditions and the approval of the relevant regulatory bodies. It is expected to be finalised during the fourth quarter of 2011. ABN AMRO Bank (Switzerland) AG is a ...
Geneva (ots) - Union Bancaire Privée (UBP) announced today the creation of two new Asian joint ventures that will spearhead the development of its asset management business in the world's fastest-growing market for investment services. UBP Asset Management (Asia) Co Ltd will operate across Asia ex-Japan from its main office in Hong Kong, while Taipei-based TransGlobe Securities Investment Consulting Company will ...
Geneva, Switzerland (ots) - - - Union Bancaire Privée, UBP SA (UBP) has announced a net profit of CHF 105.4 million (USD 125.2 million) in the first half of 2011, in line with expectations (CHF 103.3 million - USD 95.6 million - for the first half of 2010). - Assets under management totalled CHF 60.7 billion as at 30 June 2011 - compared with CHF 65 billion as at 31 ...
Geneva, Switzerland (ots) - Union Bancaire Privée (UBP) continues the implementation of its Private Banking division's strategic plan by appointing Alan Mudie as Chief Investment Officer (CIO) of UBP Private Banking. Previously, Mr Mudie was CIO at BNP Paribas International Private Bank and also held various ...
Geneva, Switzerland (ots) - - Indication: A Chinese version of the press release can be downloaded free of charge as PDF-File Union Bancaire Privée (UBP) is rolling out its strategy in Asia by appointing Stephan Repkow as CEO of UBP Private Banking ...
Brussels (ots) - Will it be better to invest in equities or bonds in 2011? Growth prospects in emerging countries are strong and the US economy is improving gradually, so, coupled with the renewed monetary stimulus, we have a positive outlook for financial assets, especially equities. This combination should favour shareholders over debt holders in 2011. We expect a gradual economic recovery in the G7, but Pandora's ...
Geneva (ots) - Union Bancaire Privée (UBP) achieves net profits of CHF 216 million (USD 230 million) for the 2010 financial year as it implements its new strategies for Private Banking and Asset Management. - Assets under management totalled CHF 65 billion (USD 69 billion) as at 31 December 2010, mainly ...
Geneva (ots) - Union Bancaire Privée (UBP) announced today three key hires within its Asset Management division, as part of the expansion of its sales activities in Europe and Asia. UBP believes that there is significant potential in European markets and has appointed a new Head of Sales - Europe to focus on augmenting the service it provides to both private and institutional clients in the region. Nicolas ...
Geneva (ots) - Union Bancaire Privée (UBP) is broadening its strategy by appointing Yves Stein as the head of its banking activities in Luxembourg. Before joining UBP, Yves Stein was Director General at BNP Paribas (Suisse) S.A., in charge of wealth management. Before that he was CEO Private Banking within ...
Geneva (ots) - Union Bancaire Privée (UBP) announced today that it has hired Rob Jones as Head of its new European Equities team, which will be based in London. He will take up the position on 1 November. Prior to joining UBP, Rob Jones managed pan-European equity funds at Threadneedle, where he built an impressive track record and was part of a team managing funds that received awards from Lipper and ...
Geneva (ots) - - - Union Bancaire Privée (UBP) has announced net earnings of CHF 103.3 million (USD 95.6 million) at the end of the first half of 2010, in line with expectations. - UBP attracted CHF 3.4 billion (USD 3.1 billion) in capital inflows in the first half of 2010 and has seen its total ...
Geneva (ots) - Today, Union Bancaire Privée announced that it has appointed Larry Morgenthal as CEO of UBP Asset Management, the Group's US business. He also assumes the role of Chief Investment Officer of Alternatives. Mr Morgenthal will spearhead the renewed activity in the company's fund of hedge funds platform, following the reinforcement of its ...
Geneva (ots) - Today, Union Bancaire Privée announced that it has hired Eli Koen and Mathieu Nègre as co-heads of Emerging European Equities. They join from Fortis Investments. "We are delighted to welcome Eli and Mathieu" said Richard Wohanka, CEO of Asset Management and Alternative Investments at UBP. "We are strong believers in emerging markets and Eli ...