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UBP completes Coutts purchase, may expand through JVs

But it will pause for now to integrate systems, bankers and culture, says CEO

Mr de Picciotto says UBP's strength is in its asset management capabilities, both in terms of advisory and discretionary services. The group manages 33 billion Swiss francs through UBAM funds and segregated mandates.


UNION Bancaire Privee (UBP) may explore joint ventures to fuel further expansion in the private banking and institutional asset management space, but it has pressed the "pause" button for now on acquisitions.

On Wednesday, Swiss bank UBP marked the completion of its

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