UBP set to hit target AUM in Asia in short term

Singapore

UNION Bancaire Privee (UBP) is on track to meet its target assets under management in Asia of 15 billion Swiss francs (S$21 billion) in the short term, said UBP private banking chief executive Michel Longhini.

The bank currently has client assets and liabilities of about 12 billion Swiss francs in Asia, representing a growth of about 11 per cent since the acquisition of Coutts was completed last April.