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November 25, 2019updated 27 Nov 2019 10:25am

Swiss private bank Mirabaud launches subsidiary in Abu Dhabi

By Asena Degirmenci

Mirabaud, the Swiss private bank, has opened a new subsidiary in Abu Dhabi.

The new office opening and ribbon cutting ceremony have been attended by His Highness Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan. Senior officials from the Abu Dhabi Global Market’s Financial Services Regulatory Authority also attended.

The new subsidiary offers domestic and international wealth management advisory, business development, succession planning support, as well as other investment services to its clients in Abu Dhabi and throughout the UAE focussing on families, their networks and partners.

Founded in 2007, Mirabaud has nearly 40 employees at Mirabaud (Middle East) Ltd in the Dubai International Financial Centre.

Nearly half a dozen employees will be based in Abu Dhabi and will be managed by Mirabaud Abu Dhabi CEO Ronald Tamer, supported by Mirabaud head of Middle East North Africa Wealth Management Market and Mirabaud Middle East CEO Oliver Honsberger.

Mirabaud’s operations will include investment services as well as covering diversified aspects of the wealth management, such as structuring and facilitating the transmission of private wealth, consolidating and reporting assets and advising on acquisition, merger of sale investments.

Mirabaud senior managing partner and chairman of the board of Mirabaud Middle East and Abu Dhabi Yves Mirabaud said: “[I am] delighted with the opening of an office in Abu Dhabi in the year of our bicentenary, as it is important for Mirabaud to get closer to its clients and partners.

“It is also an honour to collaborate with His Highness Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, with whom we have maintained excellent relations for many years and whose commitment, particularly in the humanitarian field, I greatly admire. Our 200-year legacy proves that Mirabaud is much more than a name, it is a symbol of continuity. It is also a synonym for foresight, growth, and succession.”

ADGM minister of state and chairman H.E Ahmed Ali Al Sayegh said: “We extend our sincere congratulations to the Mirabaud Group and welcome them to the ADGM family. Mirabaud is an invaluable addition to our dynamic investment and financial community and we look forward to Mirabaud expanding the available solutions and offerings to better serve the investors and business community in the UAE and MENA. As an International Financial Centre, ADGM is opened to all like-minded partners and entities seeking to achieve their business strategies and widen their footprint regionally and globally.”

Mirabaud Group limited partner and head of MENA Alain Baron said: “We are a family-owned business and we focus on serving individuals and their family business activities. We are developing niche services and products that meet the expectations of our local clients using our global expertise reinforced by the bank’s 200-year legacy. We have always believed in the Middle East region and our Abu Dhabi office expansion is the great next step in further growing our international presence. We will be closer to our friends and clients to support them through any new challenges”.

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