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UNION BANCAIRE PRIVEE, UBP SA, Zurich
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Bank Profile
UNION BANCAIRE PRIVEE, UBP SA, based in Geneva, has two Swiss branches in Lugano and Zurich, is one of the major Swiss asset management banks for both private and institutional clients, and a world leader in alternative investment.
Edgar de Picciotto, who was born in Lebanon, established Compagnie de Banque et d'Investissements (CBI) in Geneva in 1969. At the end of the 1970s, the entrepreneur took the innovative step of advocating the introduction of hedge funds in the management of client assets. Before long, the CBI had chalked up a number of successes due to its exceptional asset management expertise, its ability to attract the most talented managers and a strategy targeting external growth.
With Edgar de Picciotto at the helm, CBI made seven acquisitions, starting in the 1980s. The most important of these was TDB-American Express Bank in 1990, which led to the creation of the Bank in its current form, Union Bancaire Privée (UBP). At the origin of this merged entity was TDB (Trade Development Bank), which was founded in 1956, a symbolic year, since that was when Edgar de Picciotto entered the world of finance. The most recent acquisition was that of Discount Bank and Trust Company, in 2002.
Union Bancaire Privée (UBP) also ranks second worldwide in the hedge funds sector, thanks to expertise built up over almost thirty years. As part of its continuing growth, Union Bancaire Privée (UBP) has set up an international network with operations in Europe, the Middle-East, the US, Latin America and Asia. Edgar de Picciotto is the main shareholder and Chairman of the Board of Directors of UBP. His two sons, Daniel and Guy (Chief Executive Officer), daughter, Anne Rotman de Picciotto, and nephew, Michael de Picciotto, took over the running of UBP some years ago.