Veteran investors launch Eighteen48 Partners, a next-generation private investment office
Co-founders Julien Sevaux and Tarek AbuZayyad today announced the launch of Eighteen48 Partners
25 November 2019
Mirabaud, the banking and finance group founded in Geneva in 1819, in partnership with SBK Holding, the Holding Company of His Highness Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, Advisor to the President of UAE, has officially opened its Abu Dhabi office operations. The new office opening, and ribbon-cutting ceremony have been attended by His Highness Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan as well as senior officials from the Abu Dhabi Global Market’s Financial Services Regulatory Authority.
The newly opened subsidiary, Mirabaud (Abu Dhabi) Ltd, will offer domestic and international wealth management advisory, business development, succession planning support as well as other investment services to its clientele in Abu Dhabi and wider UAE focusing on local families, their networks, and partners.
Mirabaud has been present in the United Arab Emirates since 2007, where nearly 40 employees work at Mirabaud (Middle East) Ltd in the Dubai International Financial Centre. Half a dozen employees will be based in Abu Dhabi, managed by Ronald Tamer, the CEO of Mirabaud Abu Dhabi, supported by Alain Baron, Head of Middle East North Africa Wealth Management Market at Mirabaud, and Olivier Honsberger, CEO of Mirabaud Middle East Ltd.
Yves Mirabaud, Senior Managing Partner of Mirabaud and Chairman of the Board of Mirabaud (Middle East) Ltd and Mirabaud (Abu Dhabi) Ltd is “delighted with the opening of an office in Abu Dhabi in the year of our bicentenary, as it is important for Mirabaud to get closer to its clients and partners. It is also an honour to collaborate with His Highness Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan, with whom we have maintained excellent relations for many years and whose commitment, particularly in the humanitarian field, I greatly admire. Our 200-year legacy proves that Mirabaud is much more than a name, it is a symbol of continuity. It is also a synonym for foresight, growth, and succession.”
His Highness Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan said “Our families’ friendship spans many years, and reflects the philosophy of our collaboration and the foreseen future to the next generations. Mirabaud has the know-how to offer tailor-made solutions”.
H.E Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM said, “We extend our sincere congratulations to the Mirabaud Group and welcome them to the ADGM family. Mirabaud is an invaluable addition to our dynamic investment and financial community and we look forward to Mirabaud expanding the available solutions and offerings to better serve the investors and business community in the UAE and MENA. As an International Financial Centre, ADGM is opened to all like-minded partners and entities seeking to achieve their business strategies and widen their footprint regionally and globally.”
Alain Baron, a newly appointed Limited Partner of the Mirabaud Group and Head of MENA at Mirabaud, commented: “We are a family-owned business and we focus on serving individuals and their family business activities. We are developing niche services and products that meet the expectations of our local clients using our global expertise reinforced by the bank’s 200-year legacy. We have always believed in the Middle East region and our Abu Dhabi office expansion is the great next step in further growing our international presence. We will be closer to our friends and clients to support them through any new challenges”.
With the opening of the new office in the UAE, Mirabaud is committed to contributing to the growth of the SBK Holding foundation and helping other local family businesses to flourish. Mirabaud’s operations will not only include investment services (discretionary management and advisory) but will also cover diversified aspects of the wealth management, such as structuring and facilitating the transmission of private wealth, consolidating and reporting assets, and advising on acquisition, merger or sale of investments.
Abu Dhabi customers will have access to a multi-disciplinary team that includes financial experts and investment specialists from the Mirabaud Group as well as an Investment Committee and an active risk management team dedicated to ensuring conformity to client specified investment objectives.