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This year’s activity report section, titled ‘A year of controlled growth’, outlines our development in 2025, both geographically and in business, with the expansion of our UK activities, and the scaling up of our structured products and institutional capabilities, as well as increased momentum in Wealth Management.

UBP has been honoured this year with two prestigious awards at the WealthBriefing European Awards: Best Private Bank – Wealth Planning Team and Best Wealth Management Business Servicing the Nordic Region.

The Swiss franc is once again confirming its status as a major reserve currency, one that is particularly significant at a time when instability in the Middle East is causing major turbulence in global geopolitics. However, the franc’s secular strength has a downside.

The prospect of a prolonged Middle East conflict is unsettling financial markets, as investors weigh the potential macroeconomic consequences.

The North Asia head shares her journey of transitioning from closing deals to empowering others through intentional, empathetic leadership.

As a new global order takes shape and regime-change dynamics heighten geopolitical risks, gold remains a strategic allocation amid rising Middle East tensions, while disciplined risk management helps to contain drawdowns.

UBP employees across Asia have been making a meaningful impact in their communities through various volunteering initiatives, showcasing the power of compassion and connection. From Singapore to Hong Kong, their efforts bring joy, support, and hope to those in need.

The outbreak of a new Middle East conflict involving the US, Israel, and Iran rattled financial markets last week, triggering a broad risk-off shift.

On 8 March 2026, colleagues across our global offices reflect on this year’s International Women’s Day theme, ‘Give to Gain’, and what it means in practice.