How Yves Mirabaud Makes Genevan Private Bank Successful

Yves Mirabaud told Finews.com that they prioritize their customers’ interests over revenue. Lately, the Genevan private bank has wanted to deploy a new technology platform to improve its services. Mirabaud Group may have felt a pinch following the dollar’s decline, but the management had already secured the managed customer portfolio before the financial market turmoil.

How Hedging Strategy Benefited from the Trading Increase

According to Yves Mirabaud, the conservative and outdated trading methods they use are the best, as they don’t plan to be extremely aggressive out in the market. The truth is that the company’s clients never complain. The customers’ portfolio experienced minimal volatility, and the performance was favorable in most situations.

Outliers Used by the Company

Yves Mirabaud says that the company enables or enacts what customers ask for. As a result, most of these customers have substantial leverage in their portfolios.

How Covid-19 Affected the Business

Following the coronavirus pandemic, there was stagnation in private banking growth, but the asset management enjoyed a solid net of new money. The situation around coronavirus with limited potential and travel took a toll on the company.

Genevan Private Bank Will Not Reduce its Expenditure

Although the company does not plan to cut costs, Yves Mirabaud acknowledges that they will be careful in their spending. The good thing about coronavirus is that it increased direct savings in several areas, such as sponsoring events, entertainment, and travel.

How the Business Plans to Hire

In the different markets that the bank is active in, it has won a couple of private bankers to boost its business. The bank built up employees in Zurich, and Paris, for corporate finance, and they are supporting advisory to enhance private banking with mergers and acquisitions. They are also valuable in matters of private equity.

When it comes to corporate finance, Genevan private bank wants to hire professionals gradually, as they have to justify why they want new staff. All in all, the business wants to venture into the real estate private equity fund, and they have amassed $1 billion to boost their transactions in the United States. Visit this page for related information.

 

More about Mirabaud on https://de.wikipedia.org/wiki/Mirabaud-Gruppe