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   GENEVA--(Business Wire)--Union Bancaire Prive, UBP SA ("UBP"), one of Switzerland`s leading privatebanks, is pleased to announce that it has agreed to acquire Lloyds BankingGroup`s ("Lloyds") International Private Banking business. This is a key step inthe execution of UBP`s strategy to grow its global presence and to expand itsprivate banking activities. This acquisition further boosts UBP`s standing both in Switzerland and in itscore growth markets, such as the Middle East and Latin America. Once therequisite regulatory licences have been granted, Monaco and Gibraltar willbecome part of UBP`s global footprint. The transaction will increase UBP`sassets under management, which stood at CHF 83.2 billion as at 30 April 2013, bymore than CHF 10 billion. Following this acquisition, UBP will continue to beone of the best-capitalised private banks with a Tier 1 ratio above 30%. Lloyds` expertise in the fields of private banking, asset management and wealthplanning has long been recognised throughout the industry. This talent ideallycomplements UBP`s skills in providing wealth-management solutions to bothprivate and institutional clients. Moreover, Lloyds` continuous adaptation tothe recent regulatory changes and developments is perfectly in line with UBP`scorresponding strategy. UBP`s CEO, Guy de Picciotto, stated: "This acquisition further strengthens ourposition at the forefront of the industry and confirms our commitment to ourBank`s two core businesses - international private banking and asset management.We look forward to welcoming Lloyds` teams and their expertise that we will putto use on an even larger scale. With our competitive range of private bankingservices and investment solutions, we are bringing our proficiency as a majorSwiss and international-wealth-management player to Lloyds` private clients." The transaction, carried out with the support of Caurus Partners andMilleniumAssociates AG, remains subject to the requisite regulatory approvalsbeing completed. About Union Bancaire Prive (UBP)UBP is a leading Swiss private bank and one of the best-capitalised banks inSwitzerland with a Tier 1 ratio of 25.7% as at 31 December 2012. The Bankspecialises in wealth management for both private and institutional clients.Headquartered in Geneva, UBP is active in over twenty locations around the worldemploying around 1,300 staff. The Bank had CHF 80 billion (USD 87 billion) inassets under management as at the end of 2012.  Jrme Koechlin, tel.:+41 58 819 26 40Head of Corporate Communicationse-mail: jko@ubp.ch
  www.ubp.com
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