UBP strikes business deal with Chilean boutique

The asset management division of Swiss group Union Bancaire Privée (UBP) has entered into a strategic agreement with Chilean boutique LarrainVial Asset Management.

According to the terms of the deal, UBP’s asset management team will be sub‐advising on a European equity mutual fund registered in Chile and managed by LarrainVial AM.

At the same time, LarrainVial AM’s expertise on Latin American equity and fixed income will be leveraged by UBP to support its global emerging markets capabilities.

LarrainVial AM is a non‐bank asset manager based in Chile, with approximately $3.5bn (€3.1bn) in assets under management, providing a range of Latin American equity and fixed income strategies.

UBP held CHF113.5bn (€103.6bn) in assets under management as at 30 June 2016, of which CHF24bn (€21.9bn) are managed by its investment arm.

ABOUT THE AUTHOR
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.

Read more from Adrien Paredes-Vanheule

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