The partnership is an example of such arrangements that have involved a number of Swiss private banks in the Asia region.

Union Bancaire Privée, the Geneva-headquartered private bank, is partnering with Taiwan’s Taishin Bank to target HNW clients in the Asian jurisdiction.

Under this agreement, UBP will become Taishin Bank's exclusive global strategic partner for private banking, providing market insights and investment expertise, product capabilities and wealth management knowledge, UBP said in a statement on Friday. 

The arrangement is an example of the kind of pacts that Swiss and other international banks have forged with domestic Asian partners, using existing local connections rather than having to build an ecosystem from scratch. Rival Swiss private bank Julius Baer and the UK’s Schroders, for example, have formed Thailand JVs with local partners. Geneva-headquartered Bordier & Cie has a JV with Military Commercial Joint Stock Bank in Vietnam.

UBP will support Taishin Bank in enhancing its private banking offering and investment platform for domestic and offshore clients by jointly developing new investment solutions and providing global investment expertise. The banks will carry out joint training programmes, with Taishin Bank using UBP’s global investment insights to enhance its professional investment advisory and asset allocation capabilities, the statement said. 

UBP’s move comes at a time when recent financial results have been positive. In July, the bank said group profit reached SFr169.4 million ($187 million) in the first half of 2026, up 40.4 per cent from SFr120.7 million in the same period last year. In 2025, UBP acquired Societe Generale's private banking activities in Switzerland and the UK. The bank has SFr193.5 billion in assets under management.

“We are pleased to support Taishin Bank as its strategic global private banking partner, combining our know-how as a leading Swiss pure-play private bank with Taishin’s longstanding domestic presence and expertise,” Michael Blake, head of wealth management and CEO Asia at UBP, said. “This partnership creates meaningful value for Taishin Bank’s clients through our combined strengths and marks an important step as UBP continues to expand its presence in Asia.”

The CEO for the private banking and strategic wealth clients group at Taishin Bank is Sam Lin.