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Adam Abdellaoui
Of Counsel
How to Open an Account with BCP (Banque de Commerce et de Placements) SA
Date of last update: 12 January 2026
Important notice: Banque Privée BCP (Suisse) SA was acquired by Union Bancaire Privée (UBP) in November 2021. The information below reflects the bank's structure and services prior to integration into UBP's platform. For current banking services in Geneva, clients should contact UBP directly.
Not to be confused with: Banque de Commerce et de Placements SA (BCP, Geneva), founded in 1963 and focused on commodity trade finance, or Banque Centrale Populaire (BCP Group, Morocco).
Banque Privée BCP (Suisse) SA operated as a Swiss private bank in Geneva from 2002 until its acquisition by Union Bancaire Privée in 2021. The bank specialized in private banking and wealth management for individual and institutional clients across Europe, Latin America, and Africa. As a wholly owned subsidiary of Banco Comercial Português (Millennium bcp), it combined Swiss banking traditions with the international reach of Portugal's largest private banking group.
Not to be confused with: Banque de Commerce et de Placements SA (BCP, Geneva), founded in 1963 and focused on commodity trade finance, or Banque Centrale Populaire (BCP Group, Morocco).
Banque Privée BCP (Suisse) SA operated as a Swiss private bank in Geneva from 2002 until its acquisition by Union Bancaire Privée in 2021. The bank specialized in private banking and wealth management for individual and institutional clients across Europe, Latin America, and Africa. As a wholly owned subsidiary of Banco Comercial Português (Millennium bcp), it combined Swiss banking traditions with the international reach of Portugal's largest private banking group.
+41 (44) 5152530
Banque Privée BCP (Suisse) SA
Information verified and updated
Current Status
Acquired by Union Bancaire Privée
Completed November 2021
Operating Period
2002 – 2021
Founded in Geneva
Former Parent Group
Millennium bcp
Banco Comercial Português
Specialization
Private Banking
Wealth Management
Core Wealth Management Solutions
01
Personal Asset Management
Individual investment strategies built on analysis of client goals, risk tolerance, and time horizon. Follows Swiss banking standards for diversification.
02
Financial & Estate Planning
Structuring assets for family wealth preservation and intergenerational transfer. Includes trust structures and holding company arrangements.
03
Tax Optimization
Advisory for managing tax obligations under Swiss federal regimes and international treaties, ensuring compliance while minimizing burden.
04
Family Office Services
Comprehensive coordination for substantial family wealth, including consolidated reporting, multi-generational planning, and legal advisory.
Portfolio Construction Process
Step 1
Analysis
Client goal and suitability analysis under Swiss standards.
Step 2
Diversification
Strategic allocation by asset class and geography.
Step 3
Implementation
Execution through global custodians and multi-market access.
Step 4
Monitoring
Periodic rule-based rebalancing.
Historical Milestones
2002
Establishment of Millennium Banque Privée in Geneva as Swiss subsidiary of Banco Comercial Português.
2003
Formal registration as Banque Privée BCP (Suisse) SA with authorization for banking and securities trading.
June 2021
Announcement of acquisition agreement with Union Bancaire Privée (UBP).
November 2, 2021
Completion of share purchase and integration into UBP platform.
Key Facts & Governance
Legal Name
Banque Privée BCP (Suisse) SA
Legal Form
Société Anonyme (SA)
Headquarters (Historical)
Place du Molard 4, 1204 Geneva
Supervision
FINMA (Until 2021)
Historical Membership
Swiss Bankers Association (SBA)
Former Ownership (2002-2021)
100% owned by Millennium bcp
Your Path to Partnership
01
Initial Consultation
Confidential discussion to establish financial objectives, investment experience, and service requirements.
02
Document Preparation
Preparation of required documentation under Swiss regulatory standards, including identity proof and source of funds verification.
03
Onboarding & Activation
Account activation following compliance approval, providing access to banking services and investment platforms.
Current Banking Services
Since the 2021 acquisition, Geneva operations are managed by Union Bancaire Privée (UBP).
UBP Geneva Headquarters
Rue du Rhône 96-98
1204 Geneva, Switzerland
1204 Geneva, Switzerland
Contact Telephone
+41 58 819 21 11
Website
ubp.com
Standard Hours
Monday – Friday
09:00 – 17:00 (CET)
09:00 – 17:00 (CET)
Practical Information
Deposit Protection
CHF 100,000
Protected per client under esisuisse scheme.
Onboarding time (Individuals)
2 – 6 Weeks
Depends on documentation completeness.
Onboarding time (Corporate)
4 – 12 Weeks
Subject to compliance review.
Frequently asked questions
Banque Privée BCP (Suisse) SA was located in Geneva at Place du Molard 4. Following the November 2021 acquisition by Union Bancaire Privée, the bank's operations were integrated into UBP's Geneva headquarters at Rue du Rhône 96-98, 1204 Geneva.
Yes, Banque Privée BCP (Suisse) SA was a Swiss private bank wholly owned by Millennium bcp (Banco Comercial Português), Portugal's largest private banking group. This structure combined Swiss regulatory standards and banking traditions with the international network and resources of a major European banking group. The bank was sold to Union Bancaire Privée in November 2021 and is no longer part of the Portuguese group.
Following the UBP acquisition, former BCP (Suisse) clients now access banking services through UBP's digital platforms. UBP provides comprehensive online and mobile banking with account access, secure messaging, transfers, foreign exchange, and investment portfolio monitoring. Clients should contact their UBP relationship manager for platform access and credentials.
Accounts and online banking are now managed via UBP; contact +41 58 819 21 11; onboarding steps are coordinated by UBP compliance; services have been expanded under UBP's platform.
Minimums vary by client profile and service; confirm current requirements with UBP.
Swiss banks participate in the esisuisse deposit insurance scheme, which protects deposits up to CHF 100,000 per client per bank in the event of bank insolvency.
Corporate clients require full beneficial owner details, corporate documents (articles of incorporation, commercial register extract, board resolutions), and supporting documentation for beneficial owner verification, with periodic updates as required.
Swiss banks apply enhanced due diligence for clients from high-risk jurisdictions and certain industries (e.g., cryptocurrency, politically exposed persons). Specific restrictions vary by bank policy and regulatory requirements.
Onboarding timelines vary based on client complexity, typically ranging from 2–6 weeks for individual clients and 4–12 weeks for corporate clients, depending on documentation completeness and compliance review.
BCP (Suisse) historically combined Swiss regulatory standards with access to Millennium bcp's international network. Following integration into UBP, clients benefit from UBP's expanded global capabilities and broader investment solutions.
Adam Abdellaoui
Your personal contact
Of Counsel
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