25 04 2016

UBP acquires the Hong Kong banking and wealth management business of Coutts & Co. AG from RBS

Slaughter and May advised Union Bancaire Privée, UBP SA on the corporate and regulatory aspects of its acquisition of the Hong Kong banking and wealth management business of Coutts & Co. AG from The Royal Bank of Scotland plc.


The acquisition involved an asset purchase of Coutts’ Hong Kong business. In order to take over Coutts’ banking business in Hong Kong, UBP obtained a banking licence from the Hong Kong Monetary Authority and a registered institution licence from the Securities and Futures Commission. The acquisition was structured to complete at the same time that UBP commenced its Hong Kong business operations. Slaughter and May advised Union Bancaire Privée on the transaction with a team led by Peter Lake (partner, in picture), Neil Hyman (partner), John Nevin (partner), Dennis Li (head of property), Mike Ringer (associate), Stephanie Pun (associate), Jiayi Li (associate), Vincent Chan (associate), Sondra Wong (associate), Stephanie Yip (trainee), Francesca Parker (trainee), Nicolette Chan (trainee), Suet Wa Wong (trainee) and Adam Goldthorp (trainee). Involved fees earner: Peter Lake - Slaughter and May; Neil Hyman - Slaughter and May; Stephanie Pun - Slaughter and May; Vincent Chan - Slaughter and May; John Nevin - Slaughter and May; Dennis Li - Slaughter and May; Sondra Wong - Slaughter and May; Michael Ringer - Slaughter and May; Jiayi Li - Slaughter and May;

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