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UBP Singapore review

Union Bancaire Privée, UBP SA, Singapore Branch

Our review of UBP Singapore for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSingapore
RegulatorMAS
Legal formBranch of Union Bancaire Privée, UBP SA
GroupUBP Group
Websiteubp.com
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating

Part of UBP. The group card is led by Union Bancaire Privée, UBP SA, whose own rating is the group's headline rating. This booking centre is rated separately.

The rating

What the PPLI.com rating of UBP Singapore considers

This is our editorial assessment of UBP Singapore. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of UBP Singapore and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

20202 January 2020

Addendum to the Swiss Bank Program non-prosecution agreement: additional payment for further US-related accounts

The US Department of Justice announced an addendum to UBP's 2016 non-prosecution agreement: Union Bancaire Privée, UBP SA pays a further USD 14 million for 97 additional US-related accounts. The release is dated 2 January 2020 (the 6 January date in earlier tables is the original agreement's anniversary, not this release); the signing date is not stated separately.

Pursuant to today's agreement, UBP will pay an additional sum of $14,000,000
US Department of Justice (Swiss Bank Program) · Settlement without admission · Additional penalty USD 14 million · Primary source
20166 January 2016

Swiss Bank Program Category 2 non-prosecution agreement

UBP entered a Swiss Bank Program non-prosecution agreement covering about 2,919 US-related accounts (1,282 acquired through purchases of other banks) with peak assets of USD 4.895 billion, and paid a USD 187.767 million penalty.

UBP will pay a penalty of $187.767 million.
US Department of Justice (Swiss Bank Program) · Settlement without admission · Penalty USD 187.8 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameUnion Bancaire Privée, UBP SA, Singapore Branch
LEI549300VC6IRQ4ONXWV33
LicenceWholesale Bank; also Exempt Capital Markets Services Entity, Exempt Financial Adviser, Exempt Trust Company  Source
RegulatorMAS
Legal formBranch of Union Bancaire Privée, UBP SA
OwnerBranch of Union Bancaire Privee, UBP SA (Geneva)  Source

Ownership

Group parentCBI Holding SA, Geneva (controlled by the de Picciotto family)  Source
Controlde Picciotto family, 98.99%; family owned  Source (31 December 2024)
Holder of 10% or moreCBI Holding SA, 100% in Union Bancaire Privée, UBP SA  Source (31 December 2024)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
group client assetsCHF 184.5 bn (2025-12-31)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsAccepted with restrictions
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionWholesale banks and merchant banks are not members of the SDIC Deposit Insurance Scheme, so deposits booked here carry no Singapore deposit insurance. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsNot published
Your experience

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If you bank with UBP Singapore or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to UBP Singapore or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. US Department of Justice (Swiss Bank Program): justice.gov/archives/opa/pr/justice-department-announces-addendum-swiss-bank-program-categ
  2. US Department of Justice (Swiss Bank Program): justice.gov/opa/pr/justice-department-announces-resolution-under-swiss-bank-program-union-

For UBP Singapore

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-UBP-SG-6AC530.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-SG-UBP-SG-6AC530
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