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Mirabaud reports 5 per cent increase in H1 AUM


The Mirabaud Group has reported a 5 per cent increase in assets under management for first six months of the year compared with 31 December 2018. The Group’s consolidated profit reached CHF26.1 million, in line with its targets.

As at 30 June 2019, assets under management stood at CHF34.0 billion, of which CHF7.2 billion was attributable to Asset Management. This compares with CHF32.3 billion at 31 December 2018.
Income for the first half of 2019 was CHF164.6 million (from CHF174.0 million in the first half of 2018). This figure includes the result from commission business of CHF119.7 million (CHF134.8 million as at 30 June 2018), the result from interest operations of CHF14.3 million (CHF16.9 million as at 30 June 2018) and the result from trading activities of CHF22.6 million (CHF18.2 million as at 30 June 2018). Operating expenses before depreciation, amortisation and tax were CHF 134.9 million (CHF134.3 million as at 30 June 2018). Consolidated profit came in at CHF26.1 million (CHF29.9 million in the first half of 2018).
The Group had total assets of CHF4,148 million (CHF4,092 million as at 31 December 2018). Liabilities primarily consisted of customer deposits. The majority of the Group’s assets are deposited with the Swiss National Bank or invested in top-rated short-term government bonds, which ensure liquidity and security. The Group reported a Tier 1 ratio of 20.4 per cent, well in excess of the requisite minimum levels.

“These results are in line with our expectations, and assets under management are on the increase. In this year, as we celebrate Mirabaud’s bicentenary, we have continued to expand, opening new offices in Brazil and Uruguay, with Abu Dhabi to follow very shortly. For 200 years, Mirabaud has been investing for the long term and offering its clients customised, international expertise,” says Senior Managing Partner Yves Mirabaud.

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