The talented musicians of Camerata Venia on your screen

Summer is in full swing, and with it comes first-half results season for Swiss banks. These announcements can sometimes seem like an alphabet soup, with terms like CET1, LCR and NSFR representing financial ratios that are meant to help assess a bank’s solvency.

Union Bancaire Privée, UBP SA (UBP) and Societe Generale announced today that they have entered into two exclusive agreements whereby UBP will acquire Societe Generale’s Swiss private banking activities (Societe Generale Private Banking Suisse) as well as their UK and Channel Islands wealth management arm (SG Kleinwort Hambros). Both transactions are expected to be completed by the end of the first quarter of 2025.

Lucro líquido da Union Bancaire Privée aumenta 24,6%, para 138,1 milhões de francos suíços

The CEO of wealth management bank Union Bancaire Privée is focused on growth through acquisitions.

The importance of performance, the difficulty in putting forward green investments, who will lead UBP tomorrow: these are some of the many topics covered here by the Geneva bank’s CEO, Guy de Picciotto.

The Swiss private bank is looking to expand its Middle East business by targeting new markets in the region.

A Union Bancaire Privée regista um lucro líquido de 223,8 milhões de francos suíços, um aumento de 6,4 %.

The UBP Next Generation Academy – which recently took place again, four years after the previous edition, partly in Paris and partly in Geneva – brought together an eclectic and multicultural group of young people with a lot to share and a keen interest in learning from the course and from each other.