UBP develops its activities in Luxembourg

20 Oct 2010
Union Bancaire Privée is broadening its strategy by appointing Yves Stein as the head of its banking activities in Luxembourg. Before joining UBP, Stein was Director General at BNP Paribas (Suisse) S.A., in charge of wealth management. Before that he was CEO Private Banking within Fortis group.

"We are delighted to have Yves Stein at the helm of our Luxembourg office. He brings with him his international private banking experience acquired over more than twenty years and in all the major European financial centres. He has all the qualities it takes for implementing our strategy and developing our activities in Luxembourg and the European Union" said Michel Longhini, Head of Union Bancaire Privée's Private Banking division.

By hiring Yves Stein, UBP has shown its desire to strengthen its representation in Luxembourg, where it has had an office since 2002. The Bank has selected the Luxembourg financial centre as the ideal platform from which to expand its private banking and asset management activities in Europe.