Active in the finance field since 1956, Edgar de Picciotto officially established the Compagnie de Banque et d'Investissements (CBI) in Geneva on 11 November 1969.
From the end of the 1970s, the innovative entrepreneur advocated the integration of hedge funds in the management of clients’ assets. The CBI soon saw several successes as a result of its unique asset-management know-how, its ability to bring the best talents together and a strategy aimed at external growth.
From the 1980s with Edgar de Picciotto heading the board, the CBI undertook seven acquisitions. The largest of these was that of TDB-American Express Bank in 1990 and it led to the creation of the current entity, Union Bancaire Privée (UBP). The most recent purchase operation was of the Discount Bank and Trust Company in 2002.
Today, Union Bancaire Privée is the top, family-owned asset-management bank in the world by client deposits.
UBP specialises in asset allocation and has proven, highly-diversified portfolio-construction expertise. These are highly diversified in line with the return objectives and risk profile set out by each client.
As part of its continued growth, Union Bancaire Privée has set up an international network with operations in Europe, the Middle East, the United States, Latin America and Asia. Edgar de Picciotto remains the principal shareholder and Chairman of UBP’s Board of Directors . His two sons, Daniel and Guy (Chief Executive Officer) and his daughter, Anne Rotman de Picciotto, as well as his nephew, Michael de Picciotto took over the running of Union Bancaire Privée a few years ago.
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