The Mirabaud Group has announced the launch of a partnership limited by shares under Swiss law (SCA) and the opening of a Luxembourg bank.
The partnership limited by shares Mirabaud & Cie SCA will be under the control of six managing partners who will define the global strategy and the objectives of all the group entities and also bear unlimited personal liability for the partnership limited by shares.
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Yves Mirabaud, Senior Partner, said: "Our desire to grow in Switzerland and abroad within our three business lines, as well as increasing regulatory constraints and requirements have incited us to modify our structures and evolve towards a more formal governance and executive management, better aligned with the current environment. The structure of a limited company is the most widespread and the best understood model by our clients, the public and the authorities".
The three business line will be exercised within distinct legal entities with no impact on the services provided, the group’s commercial structure or its personnel.
The asset management entities will be headed by managing partner Lionel Aeschlimann, and the intermediation activities will be run by managing partner Giles Morland.
The new bank in Luxembourg will develop the private banking activities of the group in Europe, and will head these activities in the United Kingdom, in France and in Spain.
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By GlobalDataThe new bank will allow Mirabaud to improve the range and the quality of its services in Europe.
