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April 25, 2022

Mirabaud begins digital transformation with Wealth Dynamix and Temenos

By Patrick Brusnahan

Mirabaud is launching a transformation project to adopt enhanced digital front and back-office capabilities with the help of Temenos and Wealth Dynamix.

Free Report
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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The goal is to move from traditional on-premise systems to deliver a digital end-to-end wealth management platform for the group over the next few years.

The switch to SaaS (software-as-a-service) on Temenos Banking Cloud gives Mirabaud the agility to quickly adapt to changing investments and client expectations.

In addition, Mirabaud will utilise Temenos’ suite of wealth banking capabilities from self-service to portfolio management and back-office processing.

All personal data is fully encrypted and tokenised, meaning no customer identifying information is ever held on either the Temenos or CLMi systems.

Camille Vial, CEO of Mirabaud said: “This key investment for the Mirabaud Group is a clear demonstration of our dedication to our clients : positioning ourselves as a leading partner for them today, and the generations to come. We are working to carry on adapting quickly to their needs and to market trends whilst never losing sight of our core vision and values : combine our entrepreneurial and passionate human approach with cutting edge technology”.

Max Chuard, Chief Executive Officer, Temenos, commented: “We are delighted that Mirabaud has selected Temenos to accelerate its digital transformation in the cloud. The private wealth management industry is chang­ing rapidly, and traditional business models must adapt to meet today’s client expectations. With Temenos’ state-of-the-art cloud platform, wealth management firms can gain quicker time to market, massive scalability, and higher security. With Temenos, Mirabaud can continue evolving and innovating in the market to deliver exceptional client experience and attract a new generation of investors.”

Gary Linieres, CEO and Co-founder of Wealth Dynamix commented: “We are absolutely thrilled to be working with Mirabaud, one of the longest established and highly regarded Swiss family-owned private banks. Mira­baud’s vision is a great fit for our own – to transform their global business using our Saas platform, CLMi, to deliver digitised client journeys from early stage engagement and client onboarding to day-to-day relationship management. This vision is why CLMi exists, our technology will enable them to deliver the strategic change required to remain a leader in the rapidly changing market, whilst enhancing the character and reputation which has been their hallmark of success for so many years.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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