UBP completed the acquisition of Millennium Banque Privee from BCP.

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.