Custom and laborious work are two key values at Mirabaud, an over 200-year-old Swiss banking group. As such, when the prospect to sponsor the annual Geneva regatta arose in 2007, Mirabaud jumped on the likelihood. Now referred to as the Bol d’Or Mirabaud regatta, this 12 months’s 83rd annual outing gave the competing sailors—and the sponsor’s managing companion—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 brand.”
Constructing on that hyperlink, Mirabaud additionally sponsored rising sailor Anaëlle Pattusch, in addition to a gaggle of 4 feminine sailors generally known as The Crusing Squad, who practice underneath 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 ladies—the group has named Camille Vial as its government committee chair. It’s additionally serving to change the picture of the game, as presently solely 10% of elite sailors are ladies. And, once more, this effort is barely pure, as all of the group’s managing companions are working to maintain their financial institution on the forefront of economic markets, with out giving up on their core enterprise mannequin.
Investing within the Future
Whereas serving to domesticate the following technology of elite sailors, the Mirabaud Group can also be constructing the following technology of economic administration. First, the group is investing closely in IT tasks, whereas getting ready to undertake a brand new expertise platform. On the similar time, the financial institution hopes to broaden 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 will not be devoted to all kinds of traders. 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 non-public financial institution to 700 members of employees out of which 50% work exterior of Switzerland. Whereas smaller than mega-banks resembling Credit score Suisse and UBS, Yves Mirabaud maintains that it’s the standard of the property, and the trajectory of the group, that issues greater than the overall worth in francs.
He explains, “It’s not a matter of getting 30, 40, or 200 billion.. So long as you’ve a sustainable enterprise you’ve the correct dimension.” Clearly, Mirabaud has constructed precisely that. With the majority of its enterprise counting on a strong core of wealth administration, alongside asset administration and company advisory providers, 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.