<\/p>\n
This news service recently sat down with the head of the UK business arm of Mirabaud Wealth Management to discuss the approach to growth, the impact of recent changes in the UK tax and economic scene, and more.\t \t \t \t <\/p>\n
The UK arm of the Geneva-headquartered Mirabaud<\/a> business has
As far as Stuart Bates (main picture), UK CEO of Mirabaud Wealth
In expansion terms, the firm takes a cautious but deliberate
\u201cWe expect to grow even more in the next four years. This is
\u201cIt is a collaborative culture and a culture of trust at
Recent results paint a steady picture. In total, Mirabaud has
WB asked Bates if the firm\u00a0has been adversely hit
\u201cWe have some international clients, but they are not the bulk of
The human factor \u201cWe believe it [AI] is going to help us leapfrog into the
\u201cWe have a major transformation and digitisation project at the
\u201cWhat is not going to change is the need for human interaction
Major themes that take up Mirabaud\u2019s attention are the
\n Mirabaud
\n Wealth Management<\/a> is aiming to grow\u00a0organically in
\n coming years, hiring relationship managers selectively, the firm
\n told this publication recently.\u00a0<\/p>\n
\n operated since 1990 by establishing a London office providing
\n institutional and private asset management\u00a0\u2013\u00a0one of a
\n cluster of Swiss banks operating in the UK market. It is part of
\n that British-Swiss financial services link that came under a
\n spotlight earlier this year with the
\n arrival<\/a>\u00a0of the Berne Financial Services Agreement, a
\n mutual recognition of standards pact between the UK and Swiss
\n governments.\u00a0<\/p>\n
\n Management, is concerned, developments such as the Berne pact
\n don\u2019t directly affect it, given its established base in the UK
\n for over almost four decades. However, in general terms, anything
\n that facilities trade and financial interaction is welcome.<\/p>\n
\n approach.\u00a0<\/p>\n
\n going to be all organic growth and about hiring the right
\n people,\u201d Bates told WealthBriefing during an interview
\n at his office in London\u2019s Victoria area. \u201cThe battle for talent
\n is a tough one; we are hiring selectively\u2026our culture is very
\n important to us\u2026two to three RMs per year [coming on board] is
\n what suits our setup best.\u201d<\/p>\n
\n Mirabaud. It is a friendly culture, and everybody helps each
\n other,\u201d he continued. \u201cWe run a flat structure with everyone
\n pushing in the same direction. It enables us to make decisions
\n quickly. It also translates into a direct [reporting] line to
\n Nicolas,\u201d referring to Nicolas Mirabaud, managing partner of
\n Mirabaud Group and a scion of the banking dynasty.\u00a0<\/p>\n
\n SFr31.7 billion ($39.12 billion) of assets under management, as
\n at the end of 2025, a dip from a year ago (SFr32.3
\n billion)\u00a0\u2013\u00a0a result\u00a0of strategic, one-off exits
\n from non-core assets and a refocus\u00a0on wealth management
\n target markets.<\/p>\n
\n by the UK\u00a0ending\u00a0the resident non-domicile system,
\n given all the headlines about HNW and UHNW individuals leaving
\n the UK for foreign shores.<\/p>\n
\n our clients. A lot of our non-dom clients have decided to remain
\n in the UK. As part of Mirabaud\u2019s operating model, UK clients are
\n booked through our Luxembourg platform. As a result, for those
\n who have relocated, there has been little disruption to the way
\n we service them,\u201d he said.\u00a0<\/p>\n
\n Turning to the all-embracing AI theme, Bates said Mirabaud is
\n \u201cstarting to get to grips\u201d with this technology. \u201cWe have begun a
\n huge investment into IT transformation, and we believe our
\n investment in it will pay off. It will reduce the burden of
\n administrative tasks and allow our advisors to do what they do
\n best\u00a0\u2013 understanding clients\u2019 needs and requirements.\u201d<\/p>\n
\n future,\u201d he continued.\u00a0<\/p>\n
\n bank,\u201d Bates continued. \u201cWe are replacing our core banking system
\n as well as all the ancillary systems that surround it to help
\n futureproof the bank. AI is a central theme to this
\n transformation.\u00a0<\/p>\n
\n and human trust,\u201d Bates said.\u00a0<\/p>\n
\n well-trodden areas of intergenerational wealth transfer and
\n helping clients stay composed during geopolitical and economic
\n turbulence. Bates also referred to the importance the bank
\n attaches to behavioural finance \u2013 an area drawing on
\n understanding human psychology in decision-making\u00a0as applied
\n to markets and finance. \u201cIt is something we put a lot of time
\n into and into explaining to our clients,\u201d he said, adding the
\n important adage that a lot of wise investing is about time in the
\n market, not timing the market.
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