Swiss private bank Mirabaud is building out a UK private client offering off the back of its London-based asset management business.
Senior managing partner Yves Mirabaud told PBI the bank decided to create the offering after it was asked to manage private wealth by some of the CEOs and CFOs it manages money for in its institutional business.
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The private client desk build out began about two years ago under the direction of Etienne d’Arenberg. Anthony Bodenstein and Ihab Yassine have been two recent senior hires.
"Their objective is to develop private clients who want to have assets managed by us in London. Being UK domiciled people, or people domiciled elsewhere," said Mirabaud.
The UK private client service comes after Mirabaud strengthened its wealth management operations in Spain with the opening of a new office in Valencia in December last year.
Mirabaud Group had CHF25 billion in assets under management at 31 December 2012, with 87% of client activity coming from private clients and 13% from institutional clients.
