The Geneva-based private bank and an Australian asset manager are entering a distribution partnership to tap into each other's markets.
Union Bancaire Privée inked a deal with Australia-based global all-cap and small and mid-cap equity manager Bell Asset Management that will see its funds offered to Bell clients, and vice-versa, it said in an emailed statement on Wednesday.
Under the partnership, Bell will market some of UBP's credit, fixed income, and alternatives strategies to its network of institutional clients. Meanwhile, Bell's global small and mid-cap fund will be offered to UBP's network in Europe, the Middle East, and Asia. Financial details of the tie-up weren't disclosed.
UBP will support the partnership with a new office in Australia, headed by Olivier Marion, head of business development for the country.
