Union Bancaire Privée completes acquisition of SG Kleinwort Hambros, strengthening UK presence
- Contributeur
- Apr 1
- 1 min read
Union Bancaire Privée, UBP SA (UBP) announces the successful completion of its acquisition of SG Kleinwort Hambros from Societe Generale, marking a significant milestone in the Bank’s international growth strategy.
Effective today, SG Kleinwort Hambros becomes Union Bancaire Privée (UK) Limited, with Mouhammed Choukeir appointed as its Chief Executive Officer. He will lead all of UBP’s Wealth Management activities in the UK, Channel Islands, and Gibraltar and steer the integration of the teams while defining a strategy for integrated wealth and asset management solutions for both domestic and international clients. All UBP London-based teams will move into a new office in Marylebone later this year.
With this transaction, UBP becomes one of the UK’s largest family-owned pure-play private banks, managing over GBP 20 billion of client assets with offices in London and other key locations across Great Britain, in addition to Guernsey, Jersey, and Gibraltar.
The integration of SG Kleinwort Hambros’ experienced teams into UBP’s UK operations further strengthens the Bank’s expertise in delivering tailored wealth and asset management solutions for private and institutional clients. UBP has maintained a strong presence in the UK for nearly three decades, steadily expanding its wealth and asset management capabilities.
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