Mirabaud

 

Mirabaud is an investment banking firm that was established in 1832. It was created to emerge as a way for the local bourgeoisie in Geneva to gain access to the financial world, giving them a stage on which they could become wealthy. For more than 150 years, Mirabaud has been present in France and internationally through its subsidiaries, managing assets estimated at over 60 billion euros. The company works within different sectors, including commodities trading, financial services, and asset management.

 Achievements

The most successful years for the company were from 2006 to 2008, but it faced some obstacles, especially in 2009 when it saw its profits decrease by 40%. In 2009, the company was restructured to allow it to continue, and in 2010, Mirabaud made profits of 1.42 billion euros. In 2011, the company acted like any other bank as a financial intermediary during the different crises. It continued to do so in 2012 by acquiring the wealth management business of HSBC Private Bank (Suisse).

In 2014, it announced that it would pay 3 million Swiss Francs to its customers because of a computer error. It was discovered that during ten years, the bank made mathematical errors in its calculations, and as a result, customers with financial products lost about 5% of their money.

While in 2013, Mirabaud ranked #285 on the Forbes list of the world’s most successful companies, with gross revenue of $2.2 billion and 766 employees. It is also the 43rd largest bank in Switzerland, with assets worth $1.9 billion.

The most important achievement of the bank is that it has continued to be a leading financial institution, and it has done this by offering its customers more competitive prices and products. This is a unique way of improving the quality of financial services provided by this bank, and as a result, its shareholders are confident in the future.

The bank’s shares were listed on the SIX Swiss Exchange until September 2006, when Euronext took them over. On Jul 16th 2014, He was de-listed from Euronext due to Mirabaud’s acquisition of Banque Roberts SA.

 

Mirabaud manages assets worth about CHF 60 billion (Dec 31st, 2013). Click this page to learn more.

 

 

 

 

More about Mirabaud on this link: https://ch.linkedin.com/company/mirabaud-group