1. Newsroom
  2. UBP expands its activities in the UK with the acquisition of ACPI
Menu
Press Releases 19.07.2018

UBP expands its activities in the UK with the acquisition of ACPI

UBP expands its activities in the UK with the acquisition of ACPI

Union Bancaire Privée, UBP SA (UBP) has announced that it has agreed to acquire ACPI Investments Limited (ACPI), an independent London-based investment management company, and the activities of ACPI IM Limited in Jersey. The transaction is subject to the approval of the relevant regulatory bodies, and is expected to complete during the fourth quarter of 2018.


Founded in London in 2001 by Alok Oberoi, ACPI is an innovative investment manager which operates in the UK and Jersey. It offers a range of sophisticated solutions in fixed income, equities, alternative investments and tailored wealth management for private and institutional investors globally.

Alok Oberoi commented:

"ACPI are delighted to have joined with a firm of UBP’s credibility and capability who, as a family-owned business, have a similar ethos to ours and share our long-term vision. Brett Lankester, our CEO, and I are genuinely excited by the opportunities this agreement brings to our people and our clients."

UBP has been present in London for nearly three decades, and has constantly sought to expand its activities locally, both in private banking and in asset management. It provides a fully fledged offering of bespoke investment and wealth management services for private and institutional clients and its assets under management totalled CHF 128.4 billion as at 30 June 2018. Current assets in the scope of the acquisition amount to GBP 2 billion (CHF 2.7 billion). With this transaction, UBP reinforces its presence in London, one of its strategic booking centres, and enriches its long-standing expertise with key capabilities.

Guy de Picciotto, CEO of UBP, stated:

“This acquisition reaffirms our long-term commitment to the UK and our intention to continue broadening our footprint in this pivotal market. London remains a hub for international investors, as well as for UBP which provides both foreign and UK-based clients with innovative solutions."

"ACPI is recognised as an investment manager of reference in the wealth management sphere with extensive expertise that will complement the range of services we already offer our clients out of London.”

The financial terms of the transaction will not be disclosed.

Download the press release

Download the Press Release in the following languages:

English
Français
Deutsch
Italiano
Español
Simplified Chinese


Expertise

Impact investing - Contributing to a more sustainable future

What are the key features of impact investing?

Read more

Most read

Press Releases 29.06.2021

UBP to acquire Millennium Banque Privée - BCP (Suisse) SA

Union Bancaire Privée, UBP SA (UBP) and Banco Comercial Português, S.A. (BCP) announced today that they have entered into an agreement whereby UBP will acquire the group’s Swiss private bank, Millennium Banque Privée - BCP (Suisse) SA.

Press Releases 17.02.2021

UBP broadens its convertible bond offering

Union Bancaire Privée adds two new innovative thematic solutions to its convertible bond offering

 

Press Releases 01.07.2021

UBP to acquire DBI’s Wealth Management Business

Union Bancaire Privée, UBP SA (UBP) and Danske Bank A/S announced today that they have entered into an agreement whereby Union Bancaire Privée (Europe) S.A. will acquire Danske Bank’s wealth management business in Luxembourg, operating through Danske Bank International S.A. (DBI).


Further reading

Press Releases 19.07.2021

First half-year results 2021

Union Bancaire Privée’s assets under management rise by close to 10% to CHF 161.1 billion

Press Releases 01.07.2021

UBP to acquire DBI’s Wealth Management Business

Union Bancaire Privée, UBP SA (UBP) and Danske Bank A/S announced today that they have entered into an agreement whereby Union Bancaire Privée (Europe) S.A. will acquire Danske Bank’s wealth management business in Luxembourg, operating through Danske Bank International S.A. (DBI).

Press Releases 29.06.2021

UBP to acquire Millennium Banque Privée - BCP (Suisse) SA

Union Bancaire Privée, UBP SA (UBP) and Banco Comercial Português, S.A. (BCP) announced today that they have entered into an agreement whereby UBP will acquire the group’s Swiss private bank, Millennium Banque Privée - BCP (Suisse) SA.