UK Governance

The Board of Dir­ect­ors of Union Bancaire Privée (UK) Limited (“the Board” or “Union Bancaire Privée (UK) Limited”) is re­spons­ible for the over­all stra­tegic dir­ec­tion and regularly as­sesses stra­tegic and fin­an­cial plans, to ensure the firm (“Union Bancaire Privée (UK) Limited”) is com­pet­it­ively po­s­i­tioned. The Board has overall responsibility for leading and controlling the company and is accountable to its Stakeholders for financial and operational performance.

The Board and its sub committees’ responsibilities are defined in their Terms of Reference. The Board has established a corporate governance structure which ensures the oversight and monitoring of services, activities, products and operations offered or provided remain within the risk tolerance as set out in the firm’s Risk Appetite Framework, which is approved by the Board.

The firm’s governance arrangements include oversight and assessment of: the adequacy and the implementation of the firm’s strategic objectives in the provision of investment services; the skills, knowledge and expertise of relevant personnel; the adequacy of all policies including those relating to the provision of services, communications and disclosure to clients. This include remuneration, to ensure all personnel engaged in the provision of services to our clients are assessed for good conduct and responsible for fair treatment of our clients, aiming to avoid conflicts of interest wherever possible.

The Board of Directors assesses the arrangements in place to take appropriate steps, including through regular stress testing, to identify and address any deficiencies throughout the firm.

Conflicts of interest

The Board of Directors oversees and is accountable for the implementation of governance arrangements that ensure effective and prudent management of the firm, including the segregation of duties in Union Bancaire Privée (UK) Limited and the prevention of conflicts of interest, in a manner that promotes the integrity of the market and the interests of our clients.

For further information and how conflicts of interest are identified, prevented or managed at Union Bancaire Privée (UK) Limited, please visit the page here.

Skills and Expertise of the Board and Management Body 

The Board and all Senior management function holders, including within the management body (“ExCo”), are assessed as to their skills, knowledge and diversity and reputation prior to appointment, as part of the internal appointment process, and on an ongoing basis, as part of an annual Board assessment.