Swiss financial group Union Bancaire Privée (UBP) has appointed Thierry Garde as site manager of UBP Monaco at the start of February, the firm announced.
Prior to joining UBP, Garde was chief executive officer of Société Générale Private Banking in Monaco since 2013. He spent over 30 years within Société Générale group, where he held a number of positions in and outside France, in both investment and private banking.
Garde is also vice-president of the Monaco Association for Financial Activities (AMAF), in charge of the social affairs commission. He will retain this role in addition to that of UBP Monaco’s site manager.
UBP Monaco tallies 46 employees and reinforced its position on the Monegasque private banking place in 2015 with the purchase of the Coutts International business.
UBP’s private banking CEO, Michel Longhini, has stated: “With its vibrant economy and political stability, Monaco is a priority market for our Bank. We plan to further develop our business in this highly competitive financial centre, and the hiring of Thierry Garde – who has solid experience in the banking industry and in-depth knowledge of the local market – reflects our wish to strengthen our presence in Monaco.”