H IN A NUTSHELL

Transcription

1 H IN A NUTSHELL

2 THE DRIVE YOU DEMAND OUR KEY FIGURES As at Assets Under Management CHF 118.9BN Dedication, conviction, agility and responsibility lie at the heart of or client relationships. These vales drive s to develop and refine sccessfl strategies and high-performance investment soltions precisely responding to yor wealth and asset management needs. Or aims are clear: to preserve and to grow client assets over the long term. Focsed wealth and asset manager Balance Sheet Total CHF 31.0 BN Union Bancaire Privée, UBP SA (UBP) was fonded in 1969 by Edgar de Picciotto, whose vision from the otset was to offer investors a high-qality and innovative wealth and asset management service. This approach has gided s throgh the decades and has led s to focs exclsively on the activities we excel at global wealth management for private clients along with cstom-made investment soltions for instittional clients. Net Profit Headcont Tier 1 Ratio CHF109.5 MN 1, % In its fifty-year history, not only has the Bank maintained its independence being flly owned by the de Picciotto family it has also achieved remarkable growth. Today, UBP stands among the leaders in the field of wealth management in Switzerland. It contines to expand both in its home market and abroad, consistently stepping p its private banking activities and reinforcing its asset management capabilities. In the last six years, the Bank has acqired the international private banking divisions of Royal Bank of Scotland (Cotts) and Lloyds, as well as the Swiss sbsidiary of the ABN AMRO grop. As it makes its mark in Asia, UBP has sccessflly established joint ventres with TransGlobe, a company renowned for its expertise in the Chinese market, and has set p a leading asset management team in China, UBP Investment Management (Shanghai) Ltd. In addition, the Bank has joined forces with several leading companies arond the globe sch as Partners Grop, SEB, AJO, Adams, Portland Hill Capital and Noah to be able to offer specific expertise to or clients. Strong financial fondations Shareholders Eqity CHF 2.1 BN Over the past five years UBP has achieved steady growth, increasing its assets nder management by arond 65% to CHF billion as at 30 Jne Thanks to carefl risk management and conservative balance sheet oversight, the Bank has consistently maintained a strong financial base. With a Tier 1 ratio of 26.0%, UBP ranks among the bestcapitalised banks in Erope.

3 UBP WORLDWIDE Headqartered in Geneva, the Bank has over twenty locations in key economic and financial hbs worldwide, enabling it to combine global expertise with local know-how. Istanbl New York Tokyo Tel Aviv Bermda Nassa Shanghai Dbai Hong Kong Taiwan Singapore London Brssels Lxemborg Jersey Basel Zrich Paris Lgano Geneva Milan Monaco Barcelona KEY DATES IN OUR HISTORY Edgar de Picciotto fonds Compagnie de Banqe et d Investissements (CBI) First office in Asia (Tokyo) Start of asset management activities Acqisition of ABN AMRO s Swiss sbsidiary Acqisition of the international wealth management bsiness of Royal Bank of Scotland (RBS), Cotts Transfer of Cotts EMEA activities CBI lanches its first fnd and pioneers alternative investments Acqisition of American Express Bank Acqisition of Discont Bank and Trst Company Acqisition of Lloyds Banking Grop s international private banking bsiness Transfer of Cotts Hong Kong and Singapore activities CBI changes its name to Union Bancaire Privée (UBP) Union Bancaire Privée, UBP SA In a Ntshell H

4 WHY BANK WITH UBP? UBP s competitive advantage lies in its ability to anticipate, its entreprenerial spirit and its nparalleled investment expertise. It invests continosly in the development of its activities. Frthermore, not only does the Bank have a proven ability to bild key partnerships and attract talent, bt it also offers its clients expert investment gidance and innovative prodcts. FAMILY-OWNED LONG-TERM VISION Independence and transparency are essential vales. Or interests dovetail with those of or clients: preserving capital while generating retrns. UBP s financial strength enables s to invest in the ftre and to develop innovative prodcts aimed at creating lasting vale for or clients. SOLID CONVICTION-BASED INVESTMENT STRATEGY With a Tier 1 ratio of 26.0% UBP ranks among the most strongly capitalised banks in Erope. UBP s investment strategy is based on strong convictions. We firmly believe in the advantages of active, performance-generating asset management. INTEGRATED BUSINESS MODEL PIONEER IN ALTERNATIVES The interaction between Private Banking and Asset Management means that we can offer dedicated investment soltions and premim advice to both instittional and private clients. Since the early 1970s, the Bank has established a range of hedge fnd advisory services and manages nmeros alternative fnds and personalised mandates. RESPONSIBLE EXPERT Or client relations are based on trst, commitment and respect. UBP is also a signatory to the United Nations Principles for Responsible Investment (UNPRI). UBP is recognised for its expertise in traditional and alternative investments, inclding in the selection of third-party fnds. 4 Union Bancaire Privée, UBP SA In a Ntshell H2 2017

5 OUR OFFERING UBP s bsiness model integrates Private Banking and Asset Management, enabling or teams to bring yo consistently sharp analysis and conviction-driven, in-depth gidance. This pts s in the best possible position to add significant vale and long-term performance to yor wealth and asset management strategies. Private Banking UBP s relationship managers take both a professional and a personal approach, listening to yor needs. Relationships are based on trst, transparency and long-term commitment, allowing or bankers to advise yo on the best ways to manage yor wealth. We provide a complete range of private banking prodcts and services, inclding a variety of investment management and advisory mandates, sited to yor specific reqirements, objectives and risk profile. The added vale of or services comes largely from the expertise of or specialists, in particlar or excellent eqity research team which has consistently chosen stocks that have reglarly otperformed the MSCI AC World TR over the years. In addition, or award-winning wealth planning team is on hand to provide gidance so that yo can secre, grow and transfer yor personal wealth over generations. Among UBP s professional partners, over 300 independent asset managers have chosen s as their cstodian bank, valing or personalised, flexible services and or transparent fee strctre. As at 30 Jne 2017, assets nder management for Private Banking totalled CHF 91.0 billion. Asset Management Over the years, we have bilt or reptation on the strength and qality of or investment teams, as well as on the care we apply in selecting or third-party asset managers. We are recognised for or know-how in traditional and alternative asset management, which enables s to design optimal soltions at every stage of the market cycle, as well as for bilding cstom-made investment portfolios that benefit both instittional and private clients. Or experienced management teams focs on strategic investment themes, a reflection of or drive to create insightfl and high-performance strategies, excelling in particlar in Eropean and Swiss eqity, convertibles, global fixed income and emerging markets. Or prodct-innovation process depends on a close collaboration between or asset managers and experienced local sales teams. It is designed to meet investors needs and to take advantage of the best market opportnities, as well as to adapt to reglatory changes and evolving client demand. U Access, or alternative UCITS platform, is an example of soltions specially designed for investors who are sbject to specific reglations. Throgh this platform, or clients can access a selection of recognised and high-potential alternative fnds across different strategies and regions nder the UCITS format, which increases fnd liqidity, reglatory oversight, transparency and risk management. As at 30 Jne 2017, assets nder management for Asset Management totalled CHF 35.5 billion. This figre incldes CHF 7.6 billion managed by Asset Management on behalf of Private Banking clients. Private Banking offering in a ntshell Asset Management offering in a ntshell Discretionary Portfolio Management Service Advisory Service Direct Market Access Service Tax & Wealth Planning Soltions Direct Investments e-banking Active Management Approach Focsed Investment Expertise Innovative Offering Tailor-made Investment Soltions Third-party Manager Access Stringent Risk Management Appropriate Legal Strctres Union Bancaire Privée, UBP SA In a Ntshell H

6 RECOGNISED EXPERTISE UBP is specifically recognised for its expertise in traditional and alternative asset management. Its integrated bsiness model means the Bank can offer highly personalised asset management to its instittional clients, while enabling its private clients to access prodcts and services that are generally only made available to instittional investors. Expertise in cstomised investment soltions UBP offers its clients optimal soltions at every stage of the market cycle, and helps them design cstom-made investment portfolios, tailored to their specific reqirements, objectives and risk profiles, across all asset classes. Recognised investment-management talent The Bank s core asset lies in the qality of its experienced, award-winning investment management teams. Solid alternative-investment expertise Having been a pioneer in alternative investments in the early 1970s, the Bank has developed a wide range of alternative investment prodcts and advisory services, and excels at bilding personalised mandates. Proficient in actively managed strategies UBP focses on strategic investment themes reflecting the investment management teams drive to create innovative, high-performance prodcts: Swiss eqities: UBP is niqe in managing Swiss eqities alongside global ones, applying the same rigoros investment process to both strategies. The team chooses stocks along the Cash Flow Retrn On Investment (CFROI) lifecycle to create a portfolio combining companies with high stable CFROIs and companies with strong CFROI growth or restrctring potential. The team is well-recognised for its otperformance of the SPI and rns the largest active Swiss eqity strategy crrently available on the market. Eropean eqities: Thanks to its pragmatic and collegial investment approach, this team has bilt diversified, high-conviction portfolios, which reglarly otperform the MSCI Erope index, even in volatile periods. Responsible investment approach The Bank has signed p to the United Nations Principles for Responsible Investment (UNPRI), demonstrating its commitment and determination to spport the case of socially-responsible investment. UBP s fnds and dedicated mandates integrate environmental, social and corporate governance considerations into their investment strategies, in line with UBP s Responsible Investment Policy. Leading wealth-planning gidance The Bank offers wealth-planning gidance to its private clients in order to secre, grow and pass on their personal wealth from one generation to the next. Convertibles: Drawing on a tried-and-tested bottom-p investment process which has been in place since 1999, and with a strict approach to credit risk emphasising investment-grade names, this team capitalises on its vast experience to enable its clients to access the convexity offered by its varios Eropean and international strategies. Global fixed income: Since 2013, this investment team has been recognised consistently as one of the best for traditional US and global high-yield strategies, delivering otstanding annalised retrns. Emerging markets: The innovative prodct range managed by this team adds significant vale to the investor s portfolio in terms of diversification and consistent retrns. 6 Union Bancaire Privée, UBP SA In a Ntshell H2 2017

7 OUR AWARDS The Bank, its managers and its fnds have reglarly received awards from independent research instittes. These recognise UBP s drive to innovate, its qest for performance, its agility and its flexibility all key components that set it apart from the competition. Best Innovative Client Initiative Best Private Bank - Investment Management Platform Best Innovation in the Private Banking & Wealth Management Indstry Several fnds awarded GOVERNANCE Board of Directors Exective Committee Chairman Daniel de Picciotto Chairman Gy de Picciotto CEO Vice Chairman Marcel Rohner Members Ian Cramb COO General Consel Olivier Vodoz Nicolas Faller Co-CEO Asset Management Members Anne Rotman de Picciotto Michaël Lok Co-CEO Asset Management Eftychia (La) Fischer Pierre-Alain Blm Nicolas Brnschwig Richard Katz John Martin Manser Michel Longhini Private Banking Philip Adler Treasry & Trading Raol Jacot-Descombes Risks & Compliance Company Secretary Cladio Rollini Union Bancaire Privée, UBP SA In a Ntshell H

8 Disclaimer The present docment is provided only for information prposes and yor personal se. It is intended to provide yo with a general overview of the UBP Grop and shold not be constred as an offer, recommendation or solicitation to enter into a relationship with the Bank or any entity of the UBP Grop. This overview/presentation is not intended for distribtion to, nor se by, any person or legal entity in any jrisdiction where sch distribtion, pblication or se wold be in breach of applicable reglations. The information contained herein is based on crrent sorces deemed to be reliable, thogh the Bank offers no garantee of its accracy or completeness. Past performance is no garantee of crrent or ftre retrns. Union Bancaire Privée, UBP SA is athorised and reglated in Switzerland by the Swiss Financial Market Spervisory Athority (FINMA); it is athorised by the Prdential Reglation Athority (PRA) and reglated by the Financial Condct Athority (FCA) in the United Kingdom. Union Bancaire Privée, UBP SA Head Office Re d Rhône P.O. Box Geneva 1, Switzerland bp@bp.com