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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

"A year of steady growth"

board of directors


  • From left to right
  • John Martin Manser John Martin 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 Martin 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 2021, he was also a member of the investment committee of the University of Basel.
  • David Blumer David Blumer joined UBP’s Board of Directors in March 2021. His career in financial services spans nearly three decades, in a variety of senior roles. He started in Zurich, at Credit Suisse, where he rose through the ranks to Head Trading and Sales and progressed to the role of CEO Asset Management. This was followed by a stint as CIO at Swiss Re, after which he moved to London as Head of EMEA with BlackRock before being appointed as their Head of Alternatives. David Blumer is an economics graduate of the University of Zurich.

    As at 31 December 2021, David Blumer was also a senior advisor to BlackRock, Chairman of BlackRock Asset Management Schweiz AG, Chairman of FE Fundinfo Ltd, and a member of the board of MIO Partners Inc.
  • 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 2021, he was a member of the board of Parkgest Holding.
  • 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 2021, Daniel de Picciotto was also a member of CBI Holding SA’s board of directors.
  • 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 Human Resources 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 2021, 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. 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 2021, he was also the chairman of the boards of the following companies: Löwenfeld AG, Löwenfeld Beteiligungen AG, and Warteck Invest AG. He was a member of the boards of Armada Investment AG, Helvetische Bank AG, Acoro Asset Management AG, and CBI Holding SA. In 2021 he became Chairman of the Swiss Bankers Association.
  • Ligia Torres Ligia Torres joined UBP’s Board of Directors in September 2021. With core strengths in global AM and fixed income business development and sustainability, she has held various senior positions at BNP Paribas, most recently as its CEO of Asset Management Asia Pacific in Hong Kong. Before that she was based in London, as Head of Emerging Markets in the Asset Management division after having been CEO Wealth Management UK. She also has extensive experience as a director in both asset management and wealth management companies. Ligia Torres graduated in business administration from Instituto Autonomo de Mexico, and in international finance from HEC Paris, and has a master’s in futures and options from Paris Dauphine IX.

    As at 31 December 2021, Ligia Torres was a member of the board of directors of Alfred Berg Kapitalförvaltning.
  • Nicolas Brunschwig Nicolas Brunschwig has been a member of UBP’s Board since 1998. He is a partner of the Brunschwig Holding group, which owns retailer Bongénie Grieder. Having joined that company in 1981, he is now in charge of central services and partnerships. Between 1989 and 2001, he was a member of the Geneva cantonal parliament, where his roles included chairing the Finance and Tax Committees. He was also chairman of the Fédération des Entreprises Romandes (employers' association for companies in French-speaking Switzerland) for seven years. Nicolas Brunschwig graduated with a diploma in Economics from the University of Geneva.

    As at 31 December 2021, he was a member of the boards of the following companies, among others: Brunschwig (Holding) SA, Brunschwig & Cie SA, Loyco SA, Scrasa SA, Soreval SA, Parkgest Holding Genève SA, Rolex SA, Rolex Holding SA, and Viu Ventures AG. At that date he also sat on the Wilsdorf Foundation board.

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 2021, Guy de Picciotto was also a director of CBI Holding SA, and a member of the Committee of the Association of Swiss Asset and Wealth Management Banks.
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

160.4 billion

Assets under management (in CHF Billions)















in a few words

2021 was a year full of rebounds, with most economies eventually able to offset the loss of activity caused by the health crisis. Yet the recovery was partly thwarted by repeated supply chain disruptions and rising inflationary pressure, with waves of infections also leading to instability.

Against this backdrop, UBP once again demonstrated its adaptability and resilience and the quality and diversity of our services and products were recognised with a fresh set of awards.

In 2021 we took several major steps forward in terms of acquisitions in our strategic markets. We expanded in Luxembourg by acquiring Danske Bank’s local wealth management business, operated under the name of Danske Bank International S.A. (DBI). That transaction, which was completed in January 2022, has doubled the size of our operation locally and made us one of the leading players in the Luxembourg financial hub. We also completed the acquisition of Millennium Banque Privée in Geneva in November 2021, strengthening our positions in the Portuguese and African markets.

During the year, we continued investing in our business, aiming to align our asset management solutions with current – but also future – market conditions, in particular by developing a broad range of responsible investment strategies, which are in increasing demand among both our private and our institutional clients.

Another very popular segment particularly among private clients has been unlisted assets, which present the advantage of having little or no correlation with traditional assets. In response we strengthened our Private Markets Group (PMG) franchise, which is aimed at qualified and institutional investors, and it now features more than 30 experts working in Geneva, Zurich, London, Singapore and Hong Kong.

Meanwhile we also reinforced our wealth management teams in Zurich. Similarly, in Asia, our subsidiaries in Hong Kong and Singapore saw the arrival of new teams as we sought to broaden our footprint in Asia.


Strategic priority

Sustainability is a key driver in our investment decisions and our actions as a company.

Recognised Expertise

Our responsible investment expertise allows us to play an active role in the transition to a sustainable future.

Environmental Responsibility

Concrete targets and measures help us to continually lower our own environmental footprint.

Strong Governance

Our dedicated governance structure is the foundation of our sustainability drive.

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UBP's main news

2022 investment outlook

In early 2022, we saw the global economy transition from a post-pandemic rebound to a more normal level of growth, until the conflict broke out in Ukraine in February. For investors this will mean remaining alert and actively managing risk in the months ahead.

The transition towards a more sustainable world is set to remain an important narrative in 2022, both as a potential catalyst and a headwind for returns. Fears of widespread energy shortages, especially in winter, exacerbated by the situation in Ukraine, among other factors, should accelerate investment in this trend.

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