UBP to acquire SG Kleinwort Hambros and Societe Generale Private Banking Suisse from Societe Generale.

UBP, a Swiss bank specialised in wealth and asset management, agreed to acquire SG Kleinwort Hambros, a provider of private banking services in the UK, and Societe Generale Private Banking Suisse, a provider of private banking services in Switzerland, from Societe Generale, a financial services group. Financial terms were not disclosed.