Union Bancaire Privée, UBP SA and ABN AMRO Bank have announced today that an agreement has been reached for UBP to acquire ABN AMRO Bank (Switzerland) AG. The cash transaction is subject to the usual completion conditions and the approval of the relevant regulatory bodies. It is expected to be finalised during the fourth quarter of 2011. The acquisition of ABN AMRO's Swiss private banking unit adds 20% to UBP's overall assets and expands its core Swiss private banking business.