Announced
Completed
Financials
Sources
Tags
Private
bank
Acquisition
Switzerland
Friendly
Majority
Banks
Single Bidder
Domestic
Completed
Synopsis
Union Bancaire Privee, a private bank and wealth management firm, completed the acquisition of Millennium Banque Privee, a Swiss bank, from Banco Comercial Portugues, a privately owned bank. Financial terms were not disclosed. “This acquisition enables UBP to reinforce its presence in Europe as well as in key developing markets. We are extremely pleased to onboard skilled and experienced teams, and are looking forward to providing clients with an even broader range of high-quality wealth and investment management solutions,” Guy de Picciotto, UBP CEO.
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