Media relations

Union Bancaire Privée’s Group profit sees solid growth of 40.4% to CHF 169.4 million

As global wealth management becomes more complex, external asset managers (EAMs) are operating under increasing pressure to deliver performance, manage costs, and differentiate their propositions.

London, 19th February 2026 - Union Bancaire Privée (“UBP”) has appointed Peter Kinsella as Head of Investment Services, UK, as it continues to strengthen its investment platform.

What does the future hold for Swiss asset management? Nicolas Faller, UBP's Co-CEO Asset Management, highlights the importance of specialisation, strategic acquisitions, and embracing AI to stay ahead in a competitive market.

Union Bancaire Privée, UBP SA (“UBP”), one of the world’s largest family-owned private banks headquartered in Geneva, Switzerland, announces the appointment of Fahd Iqbal as Head of Investment Services, Dubai, alongside the appointments of Joy Chammas and Mohammed Zaheer as Market Heads, Middle East, with immediate effect.

Twelve Securis is pleased to announce the continuation and further strengthening of its cooperation with Union Bancaire Privée (UBP) through the launch of a newly developed ILS fund.

Union Bancaire Privée’s client assets increase by 19.5% to CHF 184.5 billion

Union Bancaire Privée, UBP SA (“UBP”), one of the world’s largest family-owned private banks headquartered in Geneva, Switzerland, has officially opened an office in Riyadh, marking a key milestone in the Bank’s long-term regional growth strategy and deepening its commitment to the Saudi market.

Global professional services provider, JTC, and Union Bancaire Privée, UBP SA (“UBP”), a leading Swiss wealth and asset manager, are pleased to announce the completion of the sale of Kleinwort Hambros Trust Company (CI) Limited and its subsidiaries ("KHT"), to JTC. The transaction, initially announced on 31 July 2025, was finalised as planned and on schedule.

Oil prices are usually quoted as the future price of crude oil, with Brent and WTI being the main benchmarks. However, the economy relies on refined products such as diesel, petrol and jet fuel rather than on crude oil itself, and the cost of turning the one into the other is the refining margin, or ‘crack spread’. Adding this spread to Brent gives a proxy for what the end consumer actually pays, and on that basis the average price is currently around USD 140–180 per barrel.

Since the US Federal Reserve’s 25 basis points September rate hike, gold has traded modestly lower to levels of around USD 4,150 per oz.

For nearly two years, the AI trade has been the single most powerful engine behind global equity returns. It has lifted indices, concentrated their leadership in a handful of mega-cap names, and left much of the rest of the market trading in its shadow.

Central bank doctrine recommends not reacting directly to a supply shock on the proviso that it is temporary and that inflation is not already persistently above its target. Currently, neither of these two conditions has been fulfilled. Underlying inflation, as measured by the PCE index, came in at 3.0% in August, and the US–Iran conflict has been dragging on for over six months.

With a Code of Conduct, the Swiss Single Family Office Association aims to establish common standards. At an event hosted by Union Bancaire Privée (UBP) and finews in Zurich, representatives of family offices and the financial sector discussed what the code means in practice and why the requirements placed on single family offices are increasing.

When market leadership rotates: why Swiss equities can be a valuable addition to any equity portfolio.

Impact investing in listed equities enables pension funds to align long-term returns with structural global transitions, combining scale, liquidity and active ownership with measurable real-world outcomes.

In 2026, the five hyperscalers (Microsoft, Amazon, Alphabet, Meta and Oracle) will spend around USD 820 billion in capex, compared with USD 750 billion in operating cash flows. This means that their investments are exceeding available cash flows and that this funding gap has to be financed through debt.

Ahmad Chahidi, senior wealth planner at Union Bancaire Privée (UBP) Middle East, shares how conversations with families have changed, why liquidity has become a form of strategic protection and the coming generational wealth transfer across the GCC.