Yves Mirabaud’s Highlight On The Performance Of Mirabaud Company
Mirabaud is among the prominent companies today, and it has been in the market for over two centuries. The Company has been enjoying significant revenues, but Yves Mirabaud, a senior partner, confirms that year 2020 was challenging and resulted in a revenue fall. However, despite the challenges that Covid-19 posed to the business sector, the Company’s 2020 revenues are still among its five most appealing years.
Yves Mirabaud asserts the hedging approach still serves them right, seeing clients’ portfolios encountered less volatility, and thus most were satisfied. Again, the Company takes pride in winning clients interested in wealth management, especially in Switzerland. Also, many investors had to reposition, giving the Company strong outflows up to mid-2020.
The second half of the year posed a challenge to Mirabaud because the private banking rate stagnated due to increased limitations to counter the spread of Covid-19. However, Covid-19 restrictions allowed the Company to cut costs by limiting travel, entertainment, and public events.
Yves Mirabaud also confirms that Mirabaud did not have extreme changes in its workforce. The Company employed some private bankers to enhance its operations in active markets. Consequently, the Company laid down other workers because it withdrew from equities brokerage.
Yves Mirabaud asserts that the Company may not keep hiring in corporate finance unless there is a reason. For instance, the Company may not employ this year because it does not intend to be active in a real estate’s private equity fund. Again, Yves reveals that Mirabaud Company will only hire private managers necessary to strengthen their local offices in the Middle East, Europe, Switzerland, and Latin America. Yves insists that the Company is not interested in hiring big teams, like their competitors, and will only go for hiring triggered by necessity.
The Company currently lacks investment plans targeting geographic expansion. Instead, the Company intends to engage in technological advancement. Mirabaud strives to acquire the technology that will help it deliver effectively to all clients in existing branches. See this article for additional information.
Learn more about Mirabaud on https://www.mirabaud.com/en/mirabaud-group/governance