Swiss financial group Mirabaud has reported a rise in its assets under management to CHF33.1bn (€30.9bn) as of 31 December 2016 against CHF31.6bn (€29.5bn) as of 30 June 2016.
Assets managed by the asset management arm of Mirabaud amounted to CHF8.1bn (€7.56bn) while these of the wealth management division accounted for CHF25bn (€23.3bn).
Mirabaud’s consolidated net income has risen by 16.7% over 2016 to CHF31.6m (€29.5m).
Revenue was stable at CHF289m (€269.9m), including net interest income of CHF24.1m (€22.5m) as well as fee and commission income of CHF227.7m (€212.6m). Mirabaud’s Tier 1 ratio reaches 20%.
“In a competitive environment dominated by new regulatory requirements, our results reflect the good performance of our businesses. Our international expansion strategy continues to bear fruit, as we are pursuing growth in all the markets in which Mirabaud operates,” said senior managing partner Yves Mirabaud.