Yves Mirabaud Believes There Is Nothing Wrong With Being Conservative
Mirabaud Group, an international banking and financial firm in Switzerland, did not have a good year in 2020 on paper; however, Yves Mirabaud disagrees. Mirabaud, a senior partner, explains that 2020 was one of the company’s top five best years in their 200-year history.
Yves Mirabaud continues to explain that their company certainly felt the weakness of the US dollar. To help their clients prepare for the financial turbulence, Mirabaud started securing their clients’ portfolios. The setup allowed their clients to be actively invested. They could ride the lows and highs in the market. The clients made money, but the company suffered a revenue loss.
When asked if their strategy was the right one, Yves Mirabaud says yes. Even though other companies made money during the financial boom, Mirabaud explains their client’s made money, and that is what matters. Though it may be an old-fashion notion, Yves Mirabaud emphasizes clients come first. There were no complaints from their clients, and no one lost any sleep.
Yves Mirabaud is not afraid to admit that the company is being cautious with their money. They have not cut costs, but to their advantage, in 2019, they did not have to spend money because of the pandemic. They saved on things like travel, entertainment, and sponsored events.
The future continues to look bright for Mirabaud. Yves Mirabaud explains they are building up their staff, and new deals are coming in. Getting active in a real estate equity fund is the goal for this year. Mirabaud has already received $1 billion and wants to expand their transactions in America.
If Mirabaud has any problems, it is with their technology. They spent 30 years developing their platform, but it has reached its limits. They are shopping for a new banking system. See this article for additional information.
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Mirabaud Group, an international banking and financial firm in Switzerland, did not have a good year in 2020 on paper; however, Yves Mirabaud disagrees. Mirabaud, a senior partner, explains that 2020 was one of the company’s top five best years in their 200-year history. Yves Mirabaud continues to explain that their company certainly felt the…