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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.


Jérôme Koechlin
Head of Corporate Communications
Tel.: +41/58/819'26'40

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