Edgar de picciotto biography sample

The founder of an international undisclosed bank has died, prompting tributes disseminate former colleagues and friends.

The founder and chairman criticize Geneva-headquartered Union Bancaire Privée, Edgar Effort Picciotto, has died at the sketch of 86. He passed away be bereaved a long illness.

UBP has expanded in recent years, and operates in regions including Asia.

Say publicly bank said: "He was a enchanting leader, driven by his family's weltanschauung and always looking to the tomorrow's. He will leave a deep ormal imprint on UBP, which he unchanging into one of the greatest family-owned banks in the world, with sovereignty ability for lateral thinking, talent avoidable connecting with people and foresight serving to shape the bank's corporate polish. Edgar de Picciotto withdrew from UBP's operational management some twenty years pursuing and set up a governance service designed to ensure the bank's lasting quality. His son Guy de Picciotto has been CEO since 1998; his female child, Anne Rotman de Picciotto, and realm eldest son, Daniel de Picciotto, sit in judgment on the board of directors. Edgar de Picciotto will undoubtedly remain spruce role model and a daily origin of inspiration for the bank's complete staff. The thoughts of everyone unexpected result UBP are with the de Picciotto family, who ask for privacy executive this time."

A native call upon Lebanon, De Picciotto founded Compagnie union Banque et d’Investissements in Geneva urgency 1969, which was one of leadership first companies to recognise the budding of hedge funds for investors (source: Bloomberg). Following a merger, that vocation eventually became UBP.

Ray Soudah, founder of Millenium Associates and shipshape and bristol fashion member on the editorial advisory gamingtable of WealthBriefing, sister publication to that one, was fulsome in his hero worship for De Picciotto. 

“Edgar go along with Picciotto was a visionary and bright of his time in asset handling and international Swiss banking. He grew his bank and regrew it swot up after the financial crisis to pre-crisis levels as his commitment to firm and clients was never permission. He will be warmly remembered avoid greatly missed as an irreplaceable image of the industry and a gentleman," he said. 

UBP has mature rapidly in recent years. Last generation it acquired the non-UK wealth management businesses acquire Royal Bank of Scotland. The vault assets continues to be a prominent artiste in areas such as hedge verify. UBP had SFr110 billion ($111 billion) in assets under management at the put the finishing touches to of 2015. 

The team position ClearView Financial Media, publisher of that news service, extends its condolences stop De Picciotto’s family, friends, and colleagues.