Geneva based Mirabaud Group has obtained the necessary authorisations from the Central Bank of Uruguay to open two Wealth Management subsidiaries. Both located in Montevideo, Mira- baud Advisory (Uruguay) SA will offer Mirabaud's services to local clients, while Mirabaud International Advisory (Uruguay) SA will provide services to clients from other Latin American countries.
These openings strengthen Mirabaud's wealth management presence and follow the creation of Mirabaud Asset Management (Brasil) Ltda in São Paulo earlier in the year which marked Mirabaud's arrival on the South American continent. Both Uruguayan companies will be managed by Fabio Kreplak, with the support of Thiago Frazao, Limited Partner. These openings represent a further step in Mirabaud's international development strategy.
Mirabaud is present on four continents and in ten countries and can call on a network of experts covering the various fields of wealth management. With their comprehensive knowledge of the South American market and Swiss wealth management expertise, Fabio Kreplak and his team are fully integrated into the Mirabaud culture and approach. Fabio Kreplak, who gained extensive experience in Latin America at UBS and then at Julius Baer, joins Mirabaud and contribute to its development from Montevideo.
The team based in Montevideo is expected to reach half a dozen employees during the course of this year.