SUBSCRIBERS

Private bank UBP rolls out VCC fund with S$200 million in commitments

The fund will invest in fixed-income strategies; a second fund to be launched next year will invest in a hedge fund of funds

Genevieve Cua
Published Tue, Dec 2, 2025 · 05:06 PM
    • UBP chief executive Guy de Piciotto says the bank's Asia business has doubled over the past 10 years.
    • UBP chief executive Guy de Piciotto says the bank's Asia business has doubled over the past 10 years. PHOTO: UBP

    [SINGAPORE] Private bank Union Bancaire Privee (UBP) is launching its first fund under Singapore’s variable capital company (VCC) framework.

    The fund will invest in fixed-income strategies and has already attracted commitments of S$200 million, said Guy de Picciotto, UBP’s chief executive.

    A second fund is expected to launch next year, investing in a hedge fund of funds, and has commitments of an estimated S$50 million.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.