| 03.02.2010 Opalesque Exclusive: UBP reinventing its approach as alternatives assets halve |
| Benedicte Gravrand, Opalesque London: Last week, Swiss private bank and FoHFs house Union Bancaire Privée (UBP) announced a net profit of CHF216m (US$209m) for the 2009 financial year. This is around half of its consolidated net profit of CHF431m for 2008 - which itself showed a 15.6% drop on 2007. AuM totalled CHF75bn ($72bn) at the end of 2009, against CHF100bn ($95bn) at the end of 2008 |
| Article source: http://www.ubpbank.com/cms/ - Opalesque is not responsible for the content of external internet sites |