Mirabaud Group

Bank Overview

Mirabaud Group, officially Mirabaud & Cie SA, is a family-owned Swiss private banking and financial services firm founded in 1819 in Geneva—initially as Paccard, Mirabaud & Cie—by members of the Paccard and Mirabaud families, and later consolidated under Pierre Mirabaud; today it’s led by a group of four managing partners, including Yves Mirabaud, Lionel Aeschlimann, Camille Vial, and Nicolas Mirabaud, with Thiago Frazao assuming the role of managing partner from January 1 2025. Headquartered at Boulevard Georges-Favon 29 in Geneva (phone +41 58 816 22 22, fax +41 58 816 28 16, email via central contact), the group employs approximately 700 staff across over 25 global offices, including Swiss locations (Basel, Zurich), European branches (London, Luxembourg, Paris, Madrid, Barcelona, Valencia, Seville, Milan), and overseas offices in Montréal, Dubai, Abu Dhabi, São Paulo, and Montevideo. Branch-specific contact numbers and emails include, for example, Basel (+41 58 816 85 00 / fax +41 58 816 95 00), Zurich (+41 58 816 88 00 / fax +41 58 816 98 00, email contact-us@mirabaud.com), Madrid (+34 91 793 78 00 / fax +34 91 789 78 30), Barcelona (+34 93 416 53 00 / fax +34 93 200 49 66), Milan (+39 02 30 31 51 47), London (+44 20 3167 7400 / fax +44 20 3167 7401), Luxembourg (+352 27 12 83 00 / fax +352 28 37 14 86), Paris (+33 1 44 21 61 00 / fax +33 1 42 89 62 38), Dubai (+971 4 426 67 77 / fax +971 4 426 67 66), Abu Dhabi (+971 2 816 4358 / fax +971 2 816 6799), São Paulo (+55 11 3896 5500), and Montréal (+1 514 393 1690 / fax +1 514 875 8942). All locations can also be reached via the central email contact-us@mirabaud.com (or through specific asset management addresses such as zurich@mirabaud.)

Services Offered

1. Private & Wealth Management
   • Discretionary portfolio management, advisory services, and comprehensive wealth planning (covering retirement, legacy, tax, international relocation, etc.).
   • Private assets like private equity, real estate, agriculture, and lifestyle/innovation investments through in-house specialist programs (e.g., Grand Paris, Sustainable Cities).
   • Support for independent asset managers, offering institutional-grade capabilities under a flexible and trust-based partnership model.
   • ESG & sustainable investing fully integrated into portfolios, with climate and impact-focused funds.

2. Asset Management
   • Active investing across global equities, fixed income, and private assets, focusing on high-conviction and sustainability-oriented strategies.
   • Offers a selection of investment funds and mandates tailored for institutional or professional investors.

3. Corporate Finance & Brokerage
   • Services include equity research, capital markets, corporate advisory, M&A advisory, and institutional brokerage.
   • Specifically supports entrepreneurs, family businesses, and public/private companies.

4. Global & Institutional Custody
   • While not deeply detailed publicly, Mirabaud provides comprehensive global custody, reporting, and trading and settlement services—especially for institutional clients and independent asset managers.

5. Art & Cultural Engagement
   • Active patronage of contemporary art, including partnerships with museums and fairs, showcasing art collections in its offices.

6. Independent & Boutique Approach
   • A 200+ year-old family-owned group with long-term stability and alignment of interests—governed by managing partners and equity partners deeply invested in client outcomes.
   • Focused model across three core pillars: Wealth Management, Asset Management, and Corporate Finance, delivered via a partnership structure.

7. International Reach
   • Offices across Europe, Middle East, North & South America, including Hong Kong, Dubai, Abu Dhabi, and major financial centers like London and Montreal.
   • Wealth management tailored for both Swiss residents and international clients.

Commissions and Fees

1. Discretionary & Advisory Management Fees
   • Typical AUM-based advisory fees range from 5%–1% per year, negotiable based on portfolio size.
   • Ultra-high-net-worth clients (USD 5M+) may secure ~0.5% or less.

2. Brokerage & Transaction Fees

• Although Mirabaud has exited pure brokerage operations, trading fees still apply via custody arrangements:
  • Exchange/clearing fees are passed on to clients (e.g., ~CHF 1.50 + 0.015% + CHF 0.08 per ETF trade).
• Overall, trading costs align with standard exchange and clearing charges rather than proprietary markups.

3. Custody & Account Fees

• Custody fees are typically bundled into the AUM fee, but may also include administration or account maintenance charges not explicitly laid out.
• One Redditor mentioned Custody + transaction costs covered by management fee, suggesting integrated fee structure.

4. Performance Fees & Sustained Service Fees

• While specific Mirabaud documents aren’t publicly detailed, performance-linked fees may apply—especially for discretionary mandates, depending on jurisdiction.

5. Other Potential Fees

• Wire transfer fees, negative interest on cash, and third-party product commissions are likely consistent with typical Swiss private-bank norms (not explicitly documented).
• No clear public disclosure on account setup fees—clients likely negotiate these via relationship terms.

Minimum Deposits

Personal (Private Banking)

• No fixed official minimum, but in practice Mirabaud typically caters to clients with at least $5500,000 and up in assets.
• Managing portfolios under that threshold often isn’t financially viable for the bank (“cannot manage a $100,000 portfolio in the same way as $1 million”).

Business / Corporate Accounts

• Business or corporate structures are evaluated similarly—there’s no stated fixed threshold, but banks generally expect at least USD 1 million–$ 1 million in AUM.
• Larger structures may be required to bring more assets, especially to justify compliance and administration costs, though specifics for Mirabaud aren’t publicly detailed.

International / Non-Resident Accounts

• Again, no explicit published minimum, but practical entry point aligns with private client levels at USD 1 million+.
• Smaller sums are unlikely to gain traction due to the nature of boutique wealth management and associated processing costs

Why Choose Mirabaud Group?

1. Personalized, High-Touch Client Experience
   • You get a dedicated relationship manager and a team that knows you and your family’s goals—no generic solutions, just bespoke attention.
   • Fast, concierge-style support: one client shared how the bank settled an overseas hotel bill mid-stay—no delays, no stress.

2. Access to Exclusive Wealth & Investment Solutions
   • Offers pre-IPO access, private equity, structured products, and bespoke private asset investments that typical retail banks can’t provide.
   • Competitive lending and margin facilities, often at lower rates, enabling savvy leverage, liquidity, or real estate investments.

3. Discretion, Security & Independence
   • As a family-owned, Swiss private bank (founded 1819), Mirabaud reflects independence, deep alignment with client interests, and strong access protocols.
   • Prioritizes privacy and data confidentiality, ensuring your information isn’t shared or commoditized.

4. Global Reach with Local Insights
   • Offices across major financial centers—from Geneva and London to Hong Kong and Dubai—and a hands-on approach to local needs.
   • Awarded Best Private Bank for USD 1–5M clients in MENA (Middle East and North America), highlighting responsiveness and service excellence in key regions.

5. Balanced “Phygital” Model

• Offers digital upgrades like Temenos-powered platforms for seamless reporting and execution.
• But they intentionally avoid full-fledged banking apps to steer clear of data exposure—favoring trusted human interaction supported by secure tech.

6. Committed to Sustainability & Responsibility
   • Signatory of the UN PRI (Principles for Responsible Investments) since 2010, rated A+ for ESG strategy integration.
   • Actively reducing carbon footprint, promoting ethical sourcing, and integrating corporate responsibility into operations.

7. Expertise & Reputation
   • One of Switzerland’s oldest and most trusted private banks, with $32 billion AUM.
   • Known for boutique, agile, and entrepreneurial client service—direct access to decision-makers, no red tape.

Requirements:

PERSONAL ACCOUNT – MIRABAUD GROUP

For Non-Residents

Minimum Deposit:

• Typically $550,000 to $1,000,000, depending on client profile and services required. 

Required Documents:

1. Valid Passport
   – Must be clear and valid. 
2. Proof of Residential Address
   – Utility bill, lease agreement, or bank statement (dated within 3 months). 
3. Tax Identification Number (TIN)
   – From your country of residence. 
4. Proof of Source of Wealth
   – Documentation of income, asset sales, inheritance, business ownership, etc. 
5. Professional Background / CV
   – Optional but often requested for due diligence. 
6. KYC (Know Your Customer) Form
   – Provided by Mirabaud for completion. 
7. Bank Reference Letter (recommended but not always required) 
8. Video or In-Person Interview
   – May be required for identity verification and relationship initiation. 

Notes:

• Mirabaud is selective with non-residents and prefers clients with a long-term investment perspective. 
• Clients from high-risk countries or opaque structures may face rejection. 

For Swiss Residents

Minimum Deposit:

• Generally more flexible, starting from CHF 250,000+, depending on the account type. 

Required Documents:

1. Swiss ID or Valid Passport + Swiss Residence Permit 
2. Proof of Swiss Address
   – Utility bill, lease, or official document. 
3. Swiss Tax ID Number 
4. Proof of Income / Net Worth
   – Payslips, tax returns, investment statements. 
5. Completed Application and KYC Documents 

Advantages:

• Easier onboarding 
• Access to retirement planning, tax efficiency advice, and tailored investment portfolios 

BUSINESS ACCOUNT – MIRABAUD GROUP

For Non-Resident Companies

Minimum Deposit:

• Usually starts at $550,000+, depending on business model and risk assessment. 

Required Documents:

1. Certificate of Incorporation 
2. Commercial Register Extract 
3. Articles of Association / Company Bylaws 
4. IDs and Proof of Address for Directors, Shareholders, and UBOs 
5. Declaration of Ultimate Beneficial Ownership (UBO) 
6. Business Description
   – Including services/products, client base, countries of operation. 
7. Source of Funds Documentation
   – Invoices, contracts, tax returns, audited financials. 
8. Tax Identification Numbers 
9. KYC and AML Forms
   – Enhanced due diligence applies for offshore or complex structures. 

Important Notes:

• Mirabaud is conservative in accepting corporate accounts, particularly for entities in high-risk or poorly regulated sectors (e.g., crypto, shell companies). 
• A long-term advisory relationship is often expected. 

For Swiss-Registered Companies

Minimum Deposit:

• Typically $550,000 AND UP, depending on business profile and services required. 

Required Documents:

1. Swiss Commercial Register Extract 
2. Company Articles / Bylaws 
3. Swiss Business Address Verification 
4. IDs of Directors and UBOs 
5. Recent Financial Statements or Forecasts 
6. Swiss Tax Identification Number 
7. Business Activity Description 
8. Completed KYC & Compliance Forms 

Advantages:

• Faster approval and compliance process 
• Local support and advisory options for investments, liquidity, and pension schemes