Coutts purchase priced far below US$1b: UBP exec

Singapore

Union Bancaire Privée (UBP), which late last week announced its purchase of Coutts International, would pay far below US$1 billion for the freshly acquired assets under management (AUM), a top executive told The Business Times on Monday.

In beating out competitors said to include a consortium of Societe Generale and DBS, and Credit Suisse, UBP wo…