Takaud and Swiss bank Mirabaud sign business partnership

Firms plan to develop new investment solutions

KUWAIT CITY, Dec 21, (KUNA): “Takaud,” the specialist savings, investments and pensions provider for the MENA region and “Mirabaud (Middle East) Ltd Associated”, one of the oldest and most distinguished Swiss private banks, announced the signing of a business partnership that will provide Takauds affluent clients in the GCC markets with a richer and appealing wealth management offering.

The partnership enhances Takauds investment platform with the addition of Mirabaud fund range, including some of the top performing flag-ship funds, Takaud said in a press statement, Monday.

Furthermore, the two institutions will work closely to develop new investment solutions in the area of wealth management and corporate retirement services to better serve Takauds region.

Takauds Chief Executive Officer Luc Metivier said “Mirabaud is a first class international private bank with a long history. The newly signed partnership with their fully owned subsidiary in Dubai Mirabaud (Middle East) Ltd signifies Takauds great momentum and potential as the regional ‘go-to advisor’ for savings, pensions and wealth management solutions.” Mirabauds Dubai Chief Executive Officer Olivier Honsberger said the Middle Easts wealth management industry is entering a period of rapid development, as people increasingly seek better investment solutions and personalised banking services.

“To meet the demand of Takauds regional clients for diversified wealth management solutions, we will be placing the entire range of Mirabaud funds on Takauds platform supported by our investment philosophy, thus significantly expanding the universe of investment options available to their clientele, in terms of asset classes, currencies, sectors and geographies,” he noted.

Mirabaud is an international banking and financial group that provides a clientele of private, institutional and corporate investors with its primary vocation: Wealth Management taking a global, independent and customized view, Asset Management services with an active investment approach driven by strong convictions, along with the Brokerage and Corporate Finance arm acting as financial intermediary and independent adviser for corporations. Established in Geneva in 1819, the Group has offices in Switzerland (Geneva, Zurich and Basel), and Europe (London, Luxembourg, Paris, Madrid, Barcelona, Valencia and Seville), as well as Montreal, Hong Kong and Dubai covering three continents.

Takaud, meanwhile, is one of more than 60 diversified businesses owned by the KIPCO Group including leading investment and retail banks, asset management companies, insurance companies and other media and manufacturing entities.

It is focused on providing clients with a best-in-class offering, which fuses industry leading financial planning practices from developed markets with regional cultural knowledge and investment expertise.