Winners Rationale

“UBP has demonstrated exceptional performance and strategic execution in Asia, reinforcing its position as a leading boutique private bank in 2025. The bank achieved strong growth in assets under management and net new money across multiple key markets, driven by robust client engagement in North Asia and Southeast Asia,” said Audrey Raj, editor of Asian Private Banker.

“In 2025, UBP’s discretionary portfolio management (DPM) platform delivered strong net inflows. The bank also completed several jumbo life insurance solution referrals, highlighting the quality of client relationship management and collaboration between relationship managers and wealth planners.

“UBP’s Private Markets Group (PMG) enhanced the client experience by launching an e-portal with advanced reporting tools, providing greater visibility into private market positions and overall PMG portfolios. Hedge fund DPM capabilities were further expanded with additional funds, underscoring the bank’s commitment to bespoke, diversified investment solutions.

“Strategically, UBP strengthened regional teams, expanding relationship manager coverage for Greater China and the Philippines, and appointing new leadership for external asset management (EAM) and investment services in Hong Kong, boosting advisory capabilities and expertise. In Southeast Asia, the creation of a dedicated EAM dealing team and expanded coverage for EAM, corporate, and family office clients reinforced tailored client service.

“On the innovation front, UBP launched the variable capital (VCC) structure, becoming one of the first Swiss private banks to offer this institutionally managed solution for UHNW clients and family offices in Singapore. The bank also invested in technology, including a multi-year core banking system refresh and selective AI deployment, improving efficiency and client service. 

“These achievements demonstrate UBP’s focus on bespoke solutions, strategic market growth, and innovation, exemplifying why it stands out as the Best Boutique Private Bank – Asia Pacific. Kudos to the team led by Michael Blake.”