In 2014 the Fed should be the first to reduce its liquidity injections, with markets liking it, according to UBP’s Outlook 2014.
Union Bancaire Privée has launched EM High Yield Short Duration Corporate Bond,a new fund expanding on its emerging markets offer.
Union Bancaire Privée has announced its net profit has reached CHF 77.2m, against CHF 70m last year.
Union Bancaire Privée Investment Management has launched Unconstrained Bond, a new fund as part of its UBAM compartment.
Swiss bank Union Bancaire Privée, UBP SA (UBP) has announced a 12% year-on-year rise in its assets under management to CHF80bn as at 31 December 2012, against CHF72bn at the end of 2011.
Geneva’s banking sector has contracted over the past year, after a number of mergers, acquisitions and job cuts.
Philipp Hildebrand, former head of the Swiss National Bank, who was forced to resign in January over a currency trading scandal involving his wife, is to join BlackRock.
Safra Group, an international conglomerate with private banking interests, has agreed to buy a controlling stake in Sarasin, a mid-sized Swiss private bank. Safra has entered a share purchase agreement with Rabobank Groep, in a deal worth more than CHF1bn.
Unigestion has made a major hire from ANZ in Asia, becoming the latest Swiss group to mark out expansion in the region that is the engine of global growth.
Union Bancaire Privée has announced it is to buy ABN AMRO Bank (Switzerland) in a cash deal expected to be finalised by the end of this year.
Now Europe and the US markets have been put in the ‘too-difficult’ basket, managers and allocators have turned attention to Asia, a region some might feel is the world’s ‘last man standing’.
Swiss banking group SYZ & CO has appointed Katia Coudray Cornu as head of its funds analysis and manager selection department, to help identify managers for its Oyster portfolio range.