The private bank is strengthening its position in the multi-custodian wealth management market at a time when the segment is going through significant change.
Geneva-based Mirabaud is appointing Carel Huber as its head of external asset managers (EAM) within its wealth management business, effective immediately, it said in a statement Monday.
Reporting directly to managing partner and wealth management head Nicolas Mirabaud, Huber will continue the development work done by Pierre Donnet, who has decided to devote himself exclusively to client management, the statement said.
Digital Ecosystem
Huber, who previously headed independent asset managers at Societe Generale in Geneva, will be responsible for expanding the segment across the Mirabaud Group.
To support the bank's EAM teams, the group will be introducing a new digital ecosystem, which will «combine a personalised, human approach with cutting-edge technology,» the statement said.
Industry Commotion
The Swiss financial regulator Finma has set Switzerland’s 2000 EAMs a deadline by the end of the year to apply for a license to continue their activities, causing commotion in the industry.
