Union Bancaire Privée nabs wholesale bank license in Singapore

UBP will soon offer SGD services like deposits and loans.

The Singapore branch of Swiss-based private bank Union Bancaire Privée (UBP) will kickstart operations as a wholesale bank from 1 April 2019 after receiving regulatory approval from the Monetary Authority of Singapore (MAS).

The new license will allow UBP Singapore to offer Singapore Dollar services including deposits and loans and provide a wider set of investment solutions to domestic clients in the city.

“We see great potential in Asia for our unique Wealth and Asset management solutions and are excited to have the opportunity now to provide an even wider set of bespoke solutions that will better meet the needs of our clients,” UBP CEO Guy de Picciotto said in a statement.

UBP has had asset management operations in Asia for over 20 years with operations in Tokyo since 1989, Hong Kong since 1990, and Singapore since 1993 and where the bank also launched its private banking business for the region with a merchant banking license on November 2013.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia