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Union Bancaire Privée, UBP SA (“UBP”), one of the world’s largest family-owned private banks headquartered in Geneva, Switzerland, has officially opened an office in Riyadh, marking a key milestone in the Bank’s long-term regional growth strategy and deepening its commitment to the Saudi market.

Global professional services provider, JTC, and Union Bancaire Privée, UBP SA (“UBP”), a leading Swiss wealth and asset manager, are pleased to announce the completion of the sale of Kleinwort Hambros Trust Company (CI) Limited and its subsidiaries ("KHT"), to JTC. The transaction, initially announced on 31 July 2025, was finalised as planned and on schedule.

The Fed's 25-bp rate cut, paired with Powell's cautious tone on further rate reductions, led to mixed market reactions. Despite this, strong earnings, particularly in the tech sector, supported equities, while bond yields rose. The USD strengthened amid JPY weakness, and gold consolidated at around USD 4,000. With the eurozone showing modest growth and US consumer confidence declining, investors are focused on another heavy week of earnings and key data releases for further direction.

Resilient macro data, softer inflation and strong corporate earnings have helped global markets recover, with equities reaching new highs and bonds extending gains. Expectations of further Fed rate cuts supported sentiment, while the USD strengthened amid JPY weakness and gold consolidation. However, with valuations near cycle peaks and policy uncertainty still looming, investors remain focused on upcoming central bank meetings for direction.

This white paper delves into the transformative potential of infrastructure investments in addressing critical global challenges, including climate change, urbanisation, and technological advancements.

Markets have steadied after the appointment of the Lecornu II administration, yet lingering political and fiscal vulnerabilities persist.

Despite headlines of fiscal risks and political unrest, Colombia, Chile, and Peru are defying expectations with their appreciating currencies, credible policies, and strong economic fundamentals.

Every year we take ten graduates into our sought-after Graduate Programme in different locations in the Group across Europe and Asia. In September, UBP was pleased to welcome a new cohort of young talents freshly graduated from university, and to congratulate last year’s intake on the completion of their one-year induction cycle and celebrate their assignment to a fixed role.