A fully discretionary Liechtenstein Family Foundation purchased a Liechtenstein based bank in July 2013 and renamed and rebranded it to Union Bank AG. The newly hired management and staff refocused the banks activities towards corporate and private banking services for CEE and CIS based clients.
Union Bank is based in Liechtenstein, well-known for his financial stability (AAA rating) and its business friendly regulatory environment. Bank's staff is local and international, highly acquainted with Eastern European clients and has a deep understanding of the Bank target markets.
The combination of solid expertise in corporate banking and wealth management allows Union Bank to position itself as a premier Family Office for Entrepreneurs - with a bank licence.
Union Bank - a reliable partner for entrepreneurs and wealthy persons and families.
KPIs as of August 2014:
- AuM:CHF 330 mio
- Assets: CHF 30 mio
- Equity: CHF 16 mio