Custom and laborious work are two key values at Mirabaud, an over 200-year-old Swiss banking group. As such, when the possibility to sponsor the annual Geneva regatta arose in 2007, Mirabaud jumped on the probability. Now referred to as the Bol d’Or Mirabaud regatta, this yr’s 83rd annual outing gave the competing sailors—and the sponsor’s managing associate—an opportunity to place their core values on show.
Yves Mirabaud defined to FinNews: “Water sports activities and crusing actually have a robust hyperlink to the Mirabaud household from its begin, in order that the sponsorship angle makes complete sense. Water is even embedded in our emblem.”
Constructing on that hyperlink, Mirabaud additionally sponsored rising sailor Anaëlle Pattusch, in addition to a gaggle of 4 feminine sailors often called The Crusing Squad, who prepare below the steerage of Shirley Robertson, a two-time Olympic Champion. In supporting elite feminine sailors, Mirabaud is constructing on its historical past of betting on girls—the group has named Camille Vial as its government committee chair. It’s additionally serving to change the picture of the game, as at present solely 10% of elite sailors are girls. And, once more, this effort is simply pure, as all of the group’s managing companions are working to maintain their financial institution on the forefront of monetary markets, with out giving up on their core enterprise mannequin.
Investing within the Future
Whereas serving to domesticate the subsequent era of elite sailors, the Mirabaud Group can be constructing the subsequent era of monetary administration. First, the group is investing closely in IT initiatives, whereas getting ready to undertake a brand new know-how platform. On the identical time, the financial institution hopes to increase its attain, making different investments extra accessible to a wider group.
Nonetheless, holding true to their rules of accountable monetary stewardship, Yves Mirabaud warns that these different investments will not be for everybody. He says, “Non-public Fairness just isn’t devoted to all sorts of buyers. The extent of danger is excessive and the liquidity low.”
Progress in All Instructions
Up to now 20 years, Mirabaud has remodeled from a comparatively small Swiss personal financial institution to 700 members of workers out of which 50% work outdoors of Switzerland. Whereas smaller than mega-banks akin to Credit score Suisse and UBS, Yves Mirabaud maintains that it’s the standard of the belongings, and the trajectory of the group, that issues greater than the whole worth in francs.
He explains, “It’s not a matter of getting 30, 40, or 200 billion.. So long as you have got a sustainable enterprise you have got the suitable dimension.” Clearly, Mirabaud has constructed precisely that. With the majority of its enterprise counting on a stable core of wealth administration, alongside asset administration and company advisory companies, Mirabaud’s endurance has stored it a significant participant within the banking world since 1819. And given, its potential to pivot and embrace new funding alternatives, Mirabaud, as Yves Mirabaud himself asserts, is clearly right here to additional develop and adapt.