After the proposed integration, the new entity will be named as UBP-Nexar alternative investment group, which will have a broader platform, established global distribution capabilities and innovative solutions in the alternatives space.
The entity will operate through its offices in Geneva, New York, London, Paris, Jersey, Tokyo and Hong Kong and form a new division reporting to UBP’s chief executive officer Guy de Picciotto.
The combination of the two above said firms will be beneficial for the clients worldwide as the investment group will serve its customers with experienced leadership team, entrepreneurial spirit and long-term approach, said the bank.
Terms of the deal have not been disclosed, and is subject to the requisite regulatory approvals.
