Mirabaud has hired Stuart Bates as the new CEO of its wealth management branch, as the company looks to bolster its UK wealth proposition.
Bates (pictured) will lead a team to boost awareness of Mirabaud’s “global, independent and customised approach” to UK wealth management.
Bates said: “I will be focused on strengthening our UK platform and expanding our presence in the UK through the selective hiring of relationship managers,” adding that “central to this objective will be enhancing existing structures, and creating and customising strategies that will deliver long-term value and positive outcomes for clients”.
He will replace Harry Thorburn who has been head of UK private bank since October 2016. Thorburn will join the executive committee of the UK business and focus on the needs of his clients.
Bates joins the Swiss private bank after four years at JAR Capital as chief operating officer. Prior to joining JAR, he was COO at C. Hoare & Co where he spearheaded several operational initiatives across the business. He has also held senior roles at Donaldson Lufkin & Jenrette, Credit Suisse and Julius Baer International where he spent seven years and was instrumental in leading the London integration of the Merrill Lynch business into the firm.
Limited partner and head of the UK market at Mirabaud Etienne d’Arenberg said that the hire will bolster its UK capabilities and enhance outcomes for its client base, as well as signalling Mirabaud’s “commitment to continually strengthening and innovating our UK wealth proposition”.
He added: “The global pandemic has offered a unique moment to strengthen client relationships and foster even deeper bonds.”
Mirabaud has slowly been building up its UK presence, making a double hire to its wealth team in January 2020.
