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UBP Milan

UBP Milan

The Milan branch of Union Bancaire Privée (Europe) S.A., a Luxembourg-based subsidiary of Union Bancaire Privée, UBP SA in Geneva, is situated in the heart of Milan’s financial district. It was set up in 2012 as an asset management service provider promoting funds, and obtained a full private banking licence in 2017.

Union Bancaire Privée (Europe) S.A. acts as the booking centre and custodian bank for private banking relationships based at the Milan branch. Private banking and Asset Management services are provided by two separate teams of senior professionals with extensive experience in their fields of expertise.

Private Banking

Our Milan branch has an innovative team set-up which is suited to the specific features of the Italian market.

The assets of accounts opened at the Milan branch are deposited and managed at Union Bancaire Privée (Europe) S.A. in Luxembourg. This means clients get the full benefit of the Milan branch’s expertise while their assets are maintained in the safety of Luxembourg’s political stability, as a founding member of the European Union and the seat of several European institutions, and its AAA credit rating.

Union Bancaire Privée (Europe) S.A. Luxembourg is a member of Luxembourg’s asset-protection schemes, the Fonds de Garantie des Dépôts Luxembourg (FGDL), and the Système d’Indemnisation des Investisseurs Luxembourg (SIIL). The subsidiary is fully owned by the parent company, Union Bancaire Privée, UBP SA, based in Geneva, Switzerland.

The services provided by the Milan branch are aimed at fulfilling the specific needs and goals of Italian domestic clients. It offers a diverse range of mandates and advisory services adaptable to different investment profiles (wealth preservation, balanced wealth generation, and performance):

  • Discretionary mandates: innovative and bespoke solutions – available in a range of currencies and for different risk profiles
  • Advisory services: proactive investment advice for clients who wish to keep control of their investments but who would like to benefit from UBP’s financial know-how and expertise
  • Execution-only mandates: for those clients who prefer to manage their assets independently

Asset Management

The clients of the UBP Milan office’s Asset Management division include pension funds, fund distributors, and bank foundations. The branch provides investment solutions and relationship management services. This includes information about funds promoted and managed by the UBP Group as well as access through certain sub-funds to various portfolio managers external to the Group. Our team also advises on and builds specific mandates based on our fund managers’ particular expertise.

Since being set up, the branch’s assets under management have grown nearly sevenfold, and today total some EUR 1.3 billion. This successful growth can be attributed to our closeness to our clients, both in terms of location and of communication. Our work is transparent – our clients are regularly updated and also receive frequent visits from our staff. Our marketing activities are provided by the UBP Group, ensuring regular and concise reporting.

Legal Documentation

  1. Condizioni generali (2020/03) (IT)
  2. Remuneration policy (FR)
  3. Basel III Pillar 3 Report 2018  (FR)

Clients general information

  1. Deposit guarantee scheme (FGDL)
  2. Investor protection (SIIL)
  3. Complaints procedure

Investor specific information

  1. General informations on MIFID II 
  2. Caratteristiche e rischi di alcune operazioni finanziarie (IT)
  3. Politica di esecuzione degli ordini (IT)
  4. Information on the identity of execution venues and on the quality of execution (RTS 28)
  5. Politica in materia di conflitti d’interessi (IT)
  6. Exemption from the obligation to provide collateral for forward currency transactions
  7. Tariffario (IT)

Data Protection

  1. Privacy Notice for Customers and visitors of the UBP website
  2. Privacy Notices for Counterparties (including Suppliers, Prospective Counterparties and Candidates)

The team

Luca Gabriele Trabattoni, Head of Sales Italy & Mediterranean Countries, has been with UBP for seven years, and has over twenty years’ experience in the sector having previously worked with several prestigious international banks.

He is supported by a team of experienced professionals including relationship managers, and compliance and support staff.

Contact us

Union Bancaire Privée (Europe) S.A., Succursale di Milano
Via Brera 5 | 20121 Milan | Italy
Tel.: +39 02 87 33 85 00 | Fax: +39 02 87 33 85 99

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Fraudulent Website Notification

Union Bancaire Privée, UBP SA ("UBP" or “the Bank”) would like to alert all clients and the public to fraudulent websites detected by UBP listed below. UBP would like to advise that these websites have no affiliation or connection whatsoever with the Bank.

Date of detection Fraudulent Website Address
September 7, 2020 www.union-bgi.com
July 28, 2020 ub-gi.com*
July 24, 2020 ubpinvest.org
June 8, 2020 westoncapitalbank.com
June 4, 2020 http://ubpinvest.com
June 3, 2020 ubpdirect.com
May 26, 2020 www.e-ubp.com


UBP has taken action deemed necessary and appropriate to protect the interests of its customers, the general public and the Bank. Any clients who have provided personal information or have conducted any financial transactions through these websites, are kindly requested to immediately report to the local Police and to contact their UBP relationship manager or Union Bancaire Privée, UBP SA at +41 58 819 21 11.

*AMF

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Institutional clients

With a team of more than 180 people, UBP Asset Management has built an on-the-ground presence in the world’s major markets through organic growth and selected partnerships.

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Private Clients

UBP is a pure-play private bank: managing client assets is our core business, meaning we have a specialised, client-centred approach.

Expertise

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UBP in brief

Union Bancaire Privée (UBP) was founded in 1969 by Edgar de Picciotto, whose vision from the outset was to offer investors an astute and innovative wealth management service.

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Investment Expertises

Discover all our areas of expertise in investment services.