UBP Profit Climbs 40% Following Strategic Integration

Client assets rose by 4.8 percent to SFr193.5 billion by the end of June, bolstered by strong results from the bank’s managed solutions and flagship fund offerings. Total income climbed to SFr812.5 million, a 10.4 percent increase driven largely by a spike in brokerage activity and higher commission fees, which accounted for SFr471.1 million of the total. Net interest operations and trading activities also contributed to the gains, rising 4 percent and 5.9 percent respectively.

Operating expenses ticked up only 1.8 percent, highlighting the impact of platform streamlining following the acquisitions of Societe Generale Private Banking (Switzerland) and SG Kleinwort Hambros Bank. With a liquidity coverage ratio of 233.8 percent and a Tier 1 capital ratio of 22.5 percent, the bank maintains a robust balance sheet. CEO Guy de Picciotto noted that the results reflect both favorable market dynamics and the operational efficiencies achieved by teams managing the integration process over the past year.