Union Bancaire Privee to acquire the wealth management business of Danske Bank.

Union Bancaire Privee, a private bank and wealth management firm, agreed to acquire the wealth management business of Danske Bank, a Danish multinational banking and financial services corporation. Financial terms were not disclosed. “With UBP, we are confident that we have found the right partner for our customers, a partner who will continue to meet their individual needs with the highest possible quality, and at the same time be a good employer for our skilled and dedicated employees," Glenn Söderholm, Danske Bank Head of Personal & Business Customers.