UBP names CEO of advisory branch

Union Bancaire Privée has appointed Frédéric Carbonnier as head of UBP Investment Advisors (UBP IAS).

The independent branch launched in February 2014 is a Swiss company registered with the US Securities and Exchange Commission (SEC) specialising in the management of investment portfolios for US residents and citizens.

Assets managed by UBP IAS are deposited either with UBP or with a different bank of the clients’ choosing.

Carbonnier has almost 30 years of experience in banking, having mostly worked with US clients. He spent 12 years working in wealth management in North America.

UBP is based in Geneva and employs some 1,450 people across 25 locations worldwide.

As at 31 December 2015, it managed CHF110bn (€100bn) in assets.

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