Union Bancaire Privée has made three hires within its asset management division, as part of the expansion of its sales activities in Europe and Asia.
UBP believes that there is significant potential in European markets and has appointed a new head of sales – Europe to focus on augmenting the service it provides to both private and institutional clients in the region.
Nicolas Faller joins UBP on 1 November to take up this new role; he also joins the asset management executive committee. Faller was previously global head of distribution sales and a member of the executive committee at BNP Paribas Investment Partners. Prior to BNP, he held a number of senior positions at Fortis Investments and Paribas Asset Management.
The European activities are being strengthened further by the creation of a new team to focus on the Benelux region. The team will be headed by Frédéric Peemans (pictured) who joins UBP from Robeco, where he was head of sales for Belgium and Luxembourg.
UBP is also boosting its presence in Japan, with the appointment of Kazuhito Yoshihara as chief executive of its Tokyo office. After beginning his career at Daiwa Securities, Yoshihara held senior management positions at several asset managers in Japan, including Deutsche Morgan Grenfell Asset Management, WestLB Asset Management and Fortis Investments. He joins UBP from BNP Paribas Investment Partners Japan.
Richard Wohanka, chief executive of UBP Asset Management, says: “The asset management team has achieved considerable success this year in terms of broadening our product range and taking new services to our clients. This means that we are well positioned to expand our efforts in Europe and across the world, and these latest hires demonstrate that we are building a first-class team. Nicolas, Kazuhito and Frédéric bring with them enormous experience and knowledge of their markets.”