UBP - Union Bancaire Privée

Union Bancaire Privée develops its activities in Luxembourg as it rolls out its European Union strategy

    Geneva (ots) - Union Bancaire Privée (UBP) is broadening its strategy by appointing Yves Stein as the head of its banking activities in Luxembourg. Before joining UBP, Yves Stein was Director General at BNP Paribas (Suisse) S.A., in charge of wealth management. Before that he was CEO Private Banking within Fortis group.

    "We are delighted to have Yves Stein at the helm of our Luxembourg office. He brings with him his international private banking experience acquired over more than twenty years and in all the major European financial centres. He has all the qualities it takes for implementing our strategy and developing our activities in Luxembourg and the European Union" said Michel Longhini, Head of Union Bancaire Privée's Private Banking division.

    By hiring Yves Stein, UBP has shown its desire to strengthen its representation in Luxembourg, where it has had an office since 2002. The Bank has selected the Luxembourg financial centre as the ideal platform from which to expand its private banking and asset management activities in Europe.

    Yves Stein declared "I am very pleased to be joining such a dynamic bank with such skilled people and am keen to contribute my experience towards helping UBP become a major player on the Luxembourg financial scene".

    He is a citizen of Luxembourg, a graduate of the Institut Catholique des Hautes Etudes Commerciales in Brussels and has over twenty years' experience in the banking sector. Throughout his career, Yves Stein has held several senior positions in private banking in Europe's and Switzerland's major financial centres.

    About Union Bancaire Privée

    Union Bancaire Privée, UBP SA  (UBP) is based in Geneva and is one of Switzerland's leading private banks. Active in the field of asset management for both private and institutional clients and with a very solid balance sheet, the Bank had some CHF 72 billion (USD 66.5 billion) in assets under management as at 30 June 2010. UBP employs some 1,200 people in over 20 locations worldwide and provides a complete range of innovative investment products and services, both in traditional and alternative asset management, with the aim of achieving a high performance and protecting clients' capital. www.ubpbank.com

ots Originaltext: UBP - Union Bancaire Privée
Internet: www.presseportal.ch

Jérôme Koechlin
Head of Corporate Communications
Tel.:        +41/58/819'26'40
E-Mail:    jko@ubp.ch
Internet: www.ubpbank.com

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