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Yves Mirabaud Says “We are on track with our development strategy”

Yves Mirabaud, the senior partner of Mirabaud, a prestigious Geneva-based bank, announces positive results and continues its growth and development plans, such as private banking in Latin America and the Middle East, further strengthening of its support activities for entrepreneurs, expanding its Private Equity offering or a multi-year digital transformation plan. 

Founded in 1819, the financial institution has stuck by its hedging strategy. “We may seem old-fashioned and conservative,” says Yves Mirabaud, “but our culture is not to aggressively be out in the market.” The Geneva-based bank has always fostered an entrepreneurial culture defined by values such as independence, passion, and responsibility. With over 30 years of experience in Switzerland and the United States, Mirabaud Group’s Senior Managing, Partner Yves Mirabaud, maintains his clients’ satisfaction by continuing this strategy. It was what ensured that their portfolios saw less volatility and favorable performance overall during the pandemic.

Mirabaud can report on an increase of assets under management of 11.4% versus end 2021. 

 “After a second year marked by the pandemic and its effects on international trade and the economy, our company’s results for 2021 are positive; above the rise in the financial markets, they are also based on a contribution of net new money, reflecting the quality of our performance and our services”, says Yves Mirabaud.

Increasing the Workforce in Paris and Zurich

Mirabaud mirrors the same investment philosophy that it uses with its clients when it comes to its own expenditures. Opting for a cautious approach, the bank was able to cut spending. COVID-19 of course had a hand in the direct savings, with fewer events and travel able to take place.

The Geneva-based bank recruited several private bankers to strengthen its position in existing markets. In 2020, the group started building up staff in Paris in Zurich for corporate finance to support advisory in private banking with mergers and acquisition and private equity expertise.

In doing so, the bank repositioned itself, revamping its private banking offerings. In addition to corporate finance, Mirabaud also started an expansion into private equity funds, such as in Paris real estate of lifestyle and innovation with an impact  angle. 

Digital transformation in 2022 and beyond

The overhaul began in 2020 after Mirabaud had “reached the limits of a proprietary technology platform, they had spent nearly three decades developing,” explains Yves Mirabaud. In 2021, the group launched a broad digital investment strategy which will start to materialize in 2022 with the signature of several partnerships. Yves Mirabaud said: “This is actually the biggest investment we have ever made!”. 

Nicolas Mirabaud, Managing Partner of Mirabaud and Head of the Group’s Wealth Management said:  “This key investment for the Mirabaud Group enables us to embark on a digital transformation plan for our Private Banking business; it will serve as the backbone of our future development, while maintaining the excellence of our client service in the years and generations to come. We can quickly adapt to client needs and continue to serve our clients with a bespoke family office approach, through an optimal combination of human and digital interactions”.  

Private Equity and accompanying the transition to a more sustainable economy

According to Yves Mirabaud, 2022 will see the further development of Mirabaud’s lifestyle franchise, which embodies the entrepreneurial spirit of the Group. This Private Equity Lifestyle business responds on the one hand to investors’ expectations for conviction-based, long-term, global positive impact investments; and on the other hand, to the needs of a new generation of engaged consumers who aspire to a more inclusive and responsible world and to have a global positive impact-

The strategy has already made eleven investments, in companies that aim to shape a new future, from California to South Korea, the UK, Denmark and France

Examples of companies which the “Mirabaud Lifestyle Impact and Innovation” fund has invested in : La Bouche Rouge (a sustainable and circular cosmetics company), Mate Bike (a company that has developed folding electric bikes), MycoWorks (Stem cell-based leather) or DiamConcept (laboratory diamonds. The bank has just announced the recruitment of Chabi Nouri who joins from the world of luxury goods, the Richemont Group. A second vintage on this theme will be launched after the final closing of the fund later this year.

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