On May 25, 2023, private bank Union Bancaire Privee announced the acquisition of Angel Japan Asset Management.
Under the terms of the agreement, Union Bancaire Privee (“UBP”) has acquired all shares of Angel Japan Asset Management Ltd. (“Angel”), having previously established a strategic partnership in 2018. Financial terms were not disclosed.
UBP, based in Switzerland, is a private bank specializing in asset and private wealth management. UBP has approximately $16 billion in assets under management.
Angel, based in Tokyo, is an independent investment advisor specializing in traditional and alternative investment strategies. Angel manages $1.2 billion in client assets.
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