It was founded in 1969 by financier Edgar de Picciotto. To date, the family de Picciotto have been leading the bank's board for more than 40 years. The Bank is an active participant of the market and has carried out a number of transactions for the acquisition of existing financial institutions in Switzerland, the last of which is the purchase of the Swiss branch of the bank ABN Amro. Assets under management comprise more than 60 billion Swiss francs. UBP was founded in March 1990 as Union Bancaire Privee upon the merger of TDB American Express Bank (founded in 1956) and Compagnie de Banque et d Investissements (founded in 1969). In April 1992, it changed the name into Union Bancaire Privee. In June 1993, it acquired Cambio + Valoren Bank. In December - Nordfinanzbank. In June 2001, it merged with Nordfinanz Bank Zürich. In June 2002 - with Discount Bank and Trust Company (founded in 1952). In December 2009, it changed its name to the present one. In December 2011, it merged with ABN AMRO Bank (Switzerland) AG