UBP looking at needs instead of just numbers

Singapore

A YEAR and a half after its acquisition of the international private banking business of centuries-old UK bank Coutts, Union Bancaire Privée (UBP) wants to move beyond the volume game and focus on its time-proven wealth advisory solutions.

Led by chief executive officer Guy de Picciotto, Geneva-headquartered UBP propelled itself into the top 20 private banks in Asia ranked by assets under management (AUM) when it acquired Coutts from Royal Bank of Scotland. The family-owned bank saw its Asian AUM shoot up from less than US$1 billion in 2015 to just under US$12 billion after the acquisition.