The Geneva-based private bank has promoted two representatives of the next generation of leaders. The company has also initiated a change of its operative management.
Nicolas Mirabaud and Michael Palma will join the board of managing partners of Mirabaud in January, according to a statement released on Tuesday. They currently are members of the executive committee and limited partners.
Camille Vial, a member of the board of managing partners, will take over as chairman of the executive committee on July 1, 2019.
Bicentenary Celebrations
The bank will celebrate its 200-year anniversary next year. With the appointments of Mirabaud and Palma, the bank widens the pool of owners and managers. Michael Palma is the son of the current CEO, Antonio Palma.
Vial is taking Antonio Palma’s position after ten years. He remains on the board of the managing partners for another year to enable a smooth transition period.
Next Generation Leaders
The appointments are the visible expression of a change in generation at the helm of the company. Vial is 41 years of age and a representative of the seventh generation of the founding families. Nicolas Mirabaud is 44 years of age and Michael Palma 36.
«These changes ensure the continuity of Mirabaud’s governance,» said Yves Mirabaud, the senior managing partner at the bank.
Mirabaud also appointed Thiago Frazao as limited partner. He is responsible for Latin America wealth management.
