Mirabaud, a Swiss wealth and asset management group, has launched a branch in London to strengthen its wealth management activities in the UK.
The new branch is located in the same office that also houses the firm’s asset management, brokerage and corporate finance business lines.
It will be headed by Harry Thorburn, who will report to Mirabaud & Cie head of UK market Etienne d’Arenberg.
The London branch will operate as a branch of Mirabaud’s Luxembourg registered European bank. It will be authorised by Luxembourg’s financial regulator CSSF, while being subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority in the UK.
The Geneva-based bank also affirmed that London will remain a key financial centre for wealth management, asset management, brokerage and corporate finance even after Brexit.
Mirabaud Group senior managing partner Yves Mirabaud said: “The opening of the new branch is a natural extension of our presence within the UK market and reflects the continued prominence of London as a highly influential financial centre.
“We believe our decision to further strengthen our presence here will be of significant benefit to our established wealth management client base, allowing us to provide greater accessibility and even more comprehensive solutions to meet their investment needs in what remains a difficult economic climate.”