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Opalesque Exclusive: Swiss bank and asset manager UBP`s consolidated net profit at CHF 510.5m, up 23.5%, hedge fund assets at CHF60.3bln (US$55.7bln) in 2007 Union Bancaire Privée (UBP) is based in Geneva and is one of Switzerland’s leading private banks. As global asset manager for private and institutional clients, the Group had over CHF 136 billion (US$125bln) under management as at 31 December 2007. It has a particular expertise in selecting hedge funds, ranking among the world leaders in the field of alternative investments.

Union Bancaire Privée’s 2007 consolidated net profit amounted to CHF 510.5 million (US$471m), up 23.5% compared with 2006. Gross profit reached CHF 651.1 million (US$601m), an increase of 21.1% year on year.

Assets under management continued to rise year on year, reaching CHF 136.4 billion (US$126 bln) at the end of 2007… The portion of assets invested in hedge funds amounted to CHF 60.3 billion (US$55.7 bln) as at 31 December 2007.

In 2007 the growth of the asset management bank Union Bancaire Privée was sustained by the balanced development of its range of traditional and alternative products available to both private and institutional clients. The Bank also further strengthened its international presence last year by opening new offices in Hong Kong, Doha, Beirut and Montevideo. UBP employs over 1,300 people in some 20 locations worldwide and provides a complete range of investment products and services. The UBP pro......................

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