Mirabaud, a Swiss financial institution with more than 200 years’ experience in wealth management, asset management and intermediation, has announced the launch of its operations as a bank in Spain.

The new entity began this new phase on 1st January 2015, operating under the official name, Mirabaud & Cie (Europe), Sucursal en España, and forms part of the banking network that has already been rolled out by Mirabaud Group in the European Union (Spain, France, Luxembourg and the United Kingdom).

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Mirabaud Group partner Antonio Palma said, "The banking structure adds value to our clients while maintaining our core strategy through independence, personalization and bespoke solutions based on an open architecture. Mirabaud & Cie (Europe), Sucursal en España will continue to drive and broaden its service offering by way of a comprehensive selection of the best products available in the market and with the strength that a flexible, integrated, world class banking network can provide."

Mirabaud & Cie (Europe), Sucursal en España is constituted as a Luxembourg based bank with a branch network permanently established and licensed to operate in Spain.

Mirabaud & Cie (Europe), Sucursal en España will be led by Francisco Gómez-Trenor, general manager and leading representative of the bank in Spain, who will count on the leadership support of Javier Lucas and Álvaro Nieto as sales directors.

Manuel Balanzat will occupy the role of business development manager ; the financial and operational manager will be Luis Pujol and Marcelino Blanco will lead the area of legal affairs and wealth management advisory.

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Gómez-Trenor said, "Nearly three years ago to the day, Mirabaud made a firm commitment to the Spanish market by opening offices in Madrid, Barcelona, Valencia and Seville, and creating a world class asset management team, with considerable prestige
in the industry and enviable experience in wealth management, sicavs and funds.

"Its operating results have quickly attracted new capital and this new phase for the company as a Luxembourg bank will continue to generate growth thanks to our wide range of services with a banking structure and multi-booking capabilities through the clients’ wealth managers."