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The drive you demand

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Message from the Chairman of
the Board of Directors and
the Chief Executive Officer

daniel de picciotto

Daniel de Picciotto
Chairman of the Board of Directors

guy de picciotto

Guy de Picciotto
Chief Executive Officer

“ Agility in the face of rapid change. ”

Activity report
board of directors


  • From left to right
  • John Manser John Manser has been a member of UBP’s Board since 2008. He gained a solid grounding in finance in his early career working for the Cantonal Bank of St. Gallen, UBS in Geneva and Citibank in Geneva, London, New York and São Paulo. In the 1980s he became the head of the finance department at Ciba-Geigy AG in Basel. That company’s merger with Sandoz in 1996 gave rise to Novartis, where he was Group Treasurer until 2007. John Manser holds MBAs from the Alexander Hamilton Institute and the University of Columbia (New York). He also holds the Swiss Federal Banking diploma.

    As at 31 December 2020, he was also a member of the investment committee of the University of Basel.
  • Eftychia (La) Fischer Eftychia Fischer has been* a member of UBP’s Board and Committee of the Board since 2015. She joined the Bank in 2010 as Head of the Treasury & Trading division and was also joint-Head of the Asset Management division until 2015. Before joining UBP, she held various high-level roles at EFG International, Julius Baer, JP Morgan and UBS, and ran her own asset management company in Zurich. Eftychia Fischer holds a BSc from Imperial College, London and has completed the AMP (Advanced Management Program) run by Wharton University in the United States. She holds both Chartered Financial Analyst (CFA) and Financial Risk Management (FRM) qualifications.

    As at 31 December 2020, she was also a member of the boards of the following companies: Alberca Foundation, Banque Cantonale Vaudoise, Sherpa Asset Management, Vaudoise Assurances Holding, and Mutuelle Vaudoise.

    * Eftychia (La) Fischer left the Board of Directors at the end of the Shareholders’ General Meeting of 25 March 2021.
  • Olivier Vodoz Olivier Vodoz was first elected to UBP’s Board in 1998, a position he currently occupies as General Counsel as well as being the Chairman of the Audit Committee. Between 1989 and 1997 he was in government in Geneva canton, holding the positions of President of the Department of Finance and President of the Department of Defence, prior to which he was a member of Geneva’s cantonal parliament. Olivier Vodoz has a degree in law from the University of Geneva and is a licensed legal practitioner in Geneva. Earlier in his career, he spent 20 years as a lawyer and partner at Geneva law firm Haissly & Vodoz. He has also worked as Ethics Commissioner at the Geneva police department, as well as being a member of the Assembly of the International Committee of the Red Cross from 1998 to 2013 and its Vice-Chairman from 2006 to 2013.

    As at 31 December 2020, he was a member of the boards of the following companies, among others: Parkgest Holding, SIX Exchange Regulation, Swiss Risk and Care SA, Opsion – Open Pension collective fund.
  • Anne Rotman de Picciotto Anne Rotman de Picciotto has been a member of UBP’s Board since 2006. She is also a member of the Bank’s Audit Committee and Remuneration Committee. After spending several years in Goldman Sachs’ Asset Management division, she joined UBP’s London branch management team in 2002, where she was responsible for business development with a focus on high net worth individuals and institutional relationships. Anne Rotman de Picciotto holds a BA in Business Administration from HEC in Lausanne, as well as an MBA from the INSEAD business school.

    As at 31 December 2020, she was Chairwoman of the Board of CBI Holding SA, and sat on several other boards, including that of Dagnar Ltd.
  • Marcel Rohner Marcel Rohner has been a member of UBP’s Board since 2010 and its Vice-Chairman since 2016 and has chaired the Committee of the Board since 2015. He has a wealth of experience in the fields of banking, finance and risk management. He worked for almost 20 years at UBS AG, holding roles including Chairman and CEO of Global Wealth Management & Business Banking in 2005, Member of the Executive Committee from 2002 to 2009 and CEO of UBS Group from 2007 to 2009. Marcel Rohner has a PhD in economics from the University of Zurich.

    As at 31 December 2020, he was also a member of the boards of the following companies: Löwenfeld AG, Löwenfeld Beteiligungen AG, Warteck Invest AG, Armada Investment AG, Helvetische Bank AG, Acoro Asset Management AG. He was also a member of the Advisory Board of the University of Zurich's Department of Economics and of the Board of Directors of the Swiss Bankers’ Association. In 2018 he became Chairman of the Association of Swiss Asset and Wealth Management Banks
  • Daniel de Picciotto Daniel de Picciotto has been Chairman of UBP’s Board since 2016. He has been a member of the Board since 2010, before which he spent ten years on the Executive Committee. He joined the Bank in 1985 as Head of the Private Banking division’s Research Department, before becoming Head of Private Banking in 1990 and then Head of Asset Management in 1996.

    As at 31 December 2020, Daniel de Picciotto was also a member of CBI Holding SA’s board of directors.

Executive Committee

Guy de Picciotto CEO
Guy de Picciotto has been UBP’s CEO and Chairman of the Group’s Executive Committee since 1998. He began his career as a management consultant in Switzerland and Belgium, before focusing on the banking sector with roles at UBS, Morgan Stanley, Bear Stearns and Sanyo Securities in Tokyo and New York. He joined the Bank in 1988, where he occupied various executive roles before being appointed Chairman of the Executive Committee. He holds a degree in economics and business management and has completed advanced Executive Management courses at IMD in Lausanne and INSEAD in Fontainebleau.

As at 31 December 2020, Guy de Picciotto was also a director of CBI Holding SA, among others.
Ian Cramb Member
Ian Cramb has been UBP’s Chief Operating Officer and a member of its Executive Committee since 2009. Before joining UBP, he was EMEA Consumer Chief Operating Officer at Citigroup, where he had previously held other high-level roles including those of Risk Manager, Head of HR, Chief of Staff and COO. He holds a modern languages degree from Durham University.
Nadège Lesueur-Pène Member
Nadège Lesueur-Pène is Head of Wealth Management Developing Markets. She has been a member of the Executive Committee since 2019. Before joining UBP in 2015 she was Head of Emerging Markets within wealth management at BNP Paribas (Switzerland). She has also held high-level investment management roles at HSBC in Paris and Paribas in Moscow. Nadège Lesueur-Pène holds a DEA in Russian philology from Langues’O and a double Master’s in international management from ESCP–EAP (Paris), and studied political science at IEP (Paris).
Michael Blake Member
Michael Blake is Head of Wealth Management Asia, a post he holds alongside his role as CEO Asia. He became a member of the Executive Committee in 2019. Prior to joining the Bank in 2016, he was Chief Executive of Coutts International, and before that Head of Asia Pacific Management Office at UBS. He has lived and worked in Asia, Switzerland and London over the past fifteen years and is active in various international affairs forums. Michael Blake read Philosophy, Politics and Economics at Oxford University.
Michaël Lok Member
Michaël Lok has been Co-CEO of UBP’s Asset Management division since 2015 and a member of its Executive Committee since 2016. Before joining UBP, he worked at Indosuez Wealth Management (Crédit Agricole group) as Global Head of Asset Management, after holding roles as Head of Investment and Head of Risk & Quantitative Portfolio Management. Before that, he was a portfolio and fund manager at Banque Martin Maurel and HSBC France. Michaël Lok holds two Master’s degrees, one in Finance (DESS) and one in Banking and Finance (DEA), from the University of Aix-en-Provence.
Nicolas Faller Member
Nicolas Faller has been Co-CEO of UBP’s Asset Management division and a member of its Executive Committee since 2015. He joined UBP in 2010 as Head of Sales Europe and was appointed Head of Global Sales in 2011, then Head of Institutional Clients in 2013. Before joining UBP, he was Global Head of Distribution at BNP Paribas Investment Partners, after holding several high-level roles at Fortis Investments. Nicolas Faller is a graduate of the University of Mulhouse and France’s Ecole Supérieure de Gestion.
Philip Adler Member
Philip Adler has been UBP’s Head of Treasury & Trading since 2016 and a member of its Executive Committee since 2017. Before joining UBP, he had been a member of the Executive Committee and Head of Capital Markets at Crédit Agricole Indosuez (Switzerland) SA since 2008. He previously worked at UBS SA, Commerzbank AG and the Crédit Agricole group. Philip Adler has more than 30 years of experience in banking.
Raoul Jacot-Descombes Member
Raoul Jacot-Descombes has been UBP’s Group Head of Risks & Compliance and a member of its Executive Committee since he joined the Bank on 1 January 2015. He started his career as a lawyer, before moving to the Swiss Anti-Money-Laundering Authority and then becoming General Counsel & Executive Managing Director at ACM, which was then acquired by Swissquote Bank. He also held the role of Director in KPMG’s Forensic division, in charge of Western Switzerland. Raoul Jacot-Descombes holds a Master’s degree in law from the University of Neuchâtel in Switzerland, and is a licensed legal practitioner.
Claudio Rollini Company secretary
Claudio Rollini has been UBP’s Company Secretary since 2013. He joined the Bank after holding various high-level roles at companies including British American Tobacco in Lausanne and London, and at the Geneva-based Fédération des Entreprises Romandes (employers’ association for companies in French-speaking Switzerland). He has more than 25 years of professional experience in corporate governance and communication, devising strategies for negotiation, institutional relations and regulatory affairs. Claudio Rollini initially trained as a lawyer, and holds a Master’s degree in Law from the University of Geneva.

Key figures

147.4 billion

Assets under management (in CHF Billions)















in a few words

Two major crises – Covid-19 and the global recession – were responsible for an exceptional financial environment in 2020. While unprecedented monetary and fiscal policy stimulus helped avert a liquidity crisis, financial markets went through significant spikes in volatility, especially in equities. The new macroeconomic situation prompted sector rotation among investors, visible in large investment flows into the healthcare and technology sectors.

The search for yield dominated the fixed income markets, pushing investors towards alternatives to traditional bond portfolios. Interest in active risk management increased as well, even as most financial markets staged a recovery in the second half of the year.

UBP’s proven qualities of adaptability and resilience came to the fore in 2020. Our business continuity plans and our dedicated task force allowed for a smooth shift to working from home for most of our staff members, thereby limiting the pandemic’s impact on our business.

We expanded our reach in 2020 in several regions, notably by acquiring the Wealth Management business of Jefferies in the United Kingdom, setting up a Frankfurt branch of our Luxembourg subsidiary and doubling the size of our Monaco office. We also expanded our footprint in Asia-Pacific by opening in Melbourne, Australia.


A dedicated governance structure

Strong governance is the foundation of our sustainability drive.


Our expertise in responsible investing attests to our commitment to a sustainable world.


We have embarked on a long-term plan to reduce our environmental footprint.

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UBP's main news


Video Background
We expect 2021 to be transformative for the structure of the global economy, supporting thematic investments in healthcare and technology along with infrastructure to address climate change. Fintech, sustainability and an economic recovery, particularly in China, should take the spotlight.

These developments ought to underpin demand for industrial commodities, gold and certain other precious metals. Stronger fiscal stimulus and a shifting political landscape in the US are fuelling expectations for ongoing US dollar weakness and a bull market for gold. In fixed income, the search for yield should encourage investors to explore less familiar markets, such as emerging-market and European bank debt, and to exploit opportunities in private debt and foreign exchange. However, caution is advised in relation to rising defaults resulting from the ongoing health crisis.

Overall, as in 2020, active risk management will be a vital tool in helping investors protect themselves against any disruption caused by the current transformation of the global economy.

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