UBP reports positive net inflows following acquisitions

Union Bancaire Privée announces a net profit of CHF 117.2m for the first half of 2019 and a 6% increase in assets under management. Assets under management rose from CHF 126.8 bn at the end of December 2018 to CHF 134.4 bn at the end of June 2019. That growth was driven by net inflows from private clients, along with the CHF 2.127 bn contributed by Banque Carnegie in Luxembourg, acquired at the start of the year. Good market conditions and solid asset management performance comfortably ...