UBP has confirmed that it is set to acquire London-based ACPI Investments.
The acquisition, which includes taking over ACPI's activities in Jersey, is part of UBP's plan to reinforce its presence in London.
UBP CEO Guy de Picciotto said: 'This acquisition reaffirms our long-term commitment to the UK and our intention to continue broadening our footprint in this pivotal market. London remains a hub for international investors, as well as for UBP, which provides both foreign and UK-based clients with innovative solutions.'
Current assets in the scope of the acquisition amount to CHF 2.7 billion.
Earlier this year the bank partnered with London-based boutique Cheyne Capital to launch a Ucits fund.
ACPI offers a variety of fixed income, equities and alternative investments as well as wealth management services for private and institutional investors.