UBP posts mid-year AUM of CHF113.5bn

Swiss asset manager Union Bancaire Privée has reported CHF113.5bn (€104.4bn) at the end of June 2016, up from CHF110bn (€101.2bn) as at end of December 2015.

UBP said that the rise of CHF8.2bn in assets in April 2016 following the acquisition of the Coutts Asia client base has more than offset the adverse effects of exchange rates (CHF -1.6bn).

It also covered some CHF2.6bn outflows of the asset management division and those of private client associated with the regularisation programmes.

UBP also announced its net profit rose by 13% yoy, up to CHF90m (€82.8m) from CHF79.5m (€73.1m) in June 2015.

With the purchase of Coutts International, UBP’s Tier 1 capital ratio stood at 22.3%, above requirements of Basel III and Swiss regulator Finma.

As at end of June 2016, the firm’s balance sheet amounted to CHF28.66bn (€26.4bn) and the liquidity coverage ratio was 273.1%.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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