The new UK branch, which will be led by Harry Thorburn, reporting to Etienne d’Arenberg, further strengthens Mirabaud’s 27 year presence in the UK market and extends the offering of the Group’s Luxembourg registered European bank which already has established offices in France and Spain. As a branch of the Luxembourg bank, it is authorised by the “Commission de Surveillance du Secteur Financier” and subject to limited regulation in the United Kingdom by the Financial Conduct Authority and Prudential Regulation Authority.
Its launch represents the latest part of a careful expansion strategy by the Mirabaud Group to provide a more active local presence and a broader range of services to its wealth management clients in key European countries, with the UK branch able to offer private clients a wider range of services, improved convenience and efficiency within a highly structured regulated environment. Mirabaud believes that, despite Brexit, London is and will continue to be an important financial centre, both for wealth management and for asset management and brokerage & corporate finance.
Commenting on the launch of Mirabaud’s UK banking branch, Yves Mirabaud, Senior Managing Partner at Mirabaud Group, said: “The opening of the new branch is a natural extension of our presence within the UK market and reflects the continued prominence of London as a highly influential financial centre. We believe our decision to further strengthen our presence here will be of significant benefit to our established wealth management client base, allowing us to provide greater accessibility and even more comprehensive solutions to meet their investment needs in what remains a difficult economic climate. Mirabaud is much more than a name, with its 200 year history offering both symbol of continuity and acting as a synonym for foresight, growth and succession.”
Etienne d'Arenberg, Limited Partner, Head Wealth Management United Kingdom at Mirabaud Group and Member of the Board of Directors of Mirabaud & Cie (Europe) SA, added: “The challenging market conditions we continue to see mean that it is more important than ever that high net worth clients have easy access service providers with a genuine understanding of their needs and a proven ability to deliver tailored investment solutions to meet their specific goals. The opening of our UK branch reflects our ambitions to deliver such capabilities and will allow us to do even more for our clients.”