PRIVATE WEALTH MANAGEMENT ASSET ... - Mirabaud & Cie

Private wealth management
asset management
intermediation

miraBaUd
Mirabaud is an international banking and financial services group serving clients
who are looking for a personal relationship, high-quality services and optimum
performance. Its roots lie in one of Switzerland's oldest banking establishments,
Mirabaud & Cie, banquiers privés, founded in Geneva in 1819. Remaining loyal to its
19 th century heritage, the group has continued over six generations to adhere to its
traditional values of attentiveness and confidentiality whilst applying its expertise and
“savoir-vivre” of the private banking business. Today we are active in three business
lines: private wealth management, asset management and intermediation. For you, our
client, we are present across four continents, in the world's principal financial centres.
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oPenness & Balanc
NEW FINANCIAL HORIZONS, NEW OPPORTUNITIES…
Now more than ever, the expertise of qualified profes-
sionals is a pre-requisite in understanding and mastering a
rapidly changing world. To evolve naturally within this new
global arena, we make use of our top-quality knowledge
supported by first-rate analytical tools. Past achievements
are not enough to guarantee success. Every day we do our
utmost to ensure that the highest performance criteria
are applied. We continually strive to achieve the right
balance between respecting human values and using the
most up-to-date technology.
We are always honing our human and technical resources.
We are constantly developing our presence in the leading
international markets, enabling us to offer high-quality
services and innovative products that serve the interests
of our clients.
Open and balanced, with the benefit of nearly 200 years
of experience, Mirabaud is a financial services group with
its finger firmly on the pulse of modernity.
“Whatever the circumstances, we abide by our
fundamental values. We pay close attention to
ensuring that we remain fully independent in
order to merit the trust that our clients place in
us – the key factor that constitutes the success
of private banks now and in the past.“
Yves Mirabaud
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Senior Partner
and Member of the Executive Committee

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Thierry de Marignac, Partner - Giles Morland, Partner - Camille Vial, Partner - Yves Mirabaud, Senior Partner
coUrse & mo entUm
HAVING CHOSEN TO REMAIN FULLY IN CONTROL OF OUR OWN DESTINY, WE NOW REPRESENT A BLEND OF
THE VIRTUES OF A LONG-STANDING TRADITION AND THE PERFORMANCE OF A FORWARD-LOOKING GROUP.
For nearly 200 years, the Partners of Mirabaud & Cie,
banquiers privés, have cultivated exacting ethical stand-
ards and an acute sense of responsibility. Our priority is
the interests of our clients, with the aim of meeting the
financial needs of all our clients? This policy has earned
Mirabaud and all of its entities a position of respect within
the profession and among regulatory bodies.
We have a firm foothold in the areas in which we operate:
• Private wealth management: discretionary investment
management, portfolio management, advisory services
• Asset management: institutional investment manage-
ment, traditional and alternative funds and mandates,
asset allocation funds and mandates
• Intermediation: brokerage, corporate finance, debt
capital management
• Custody services
For us it is a point of honour to respect the regulations
in force in every region in which we operate. As we are
not involved in any commercial transactions and do not
make any investments on our own behalf, there are never
Lionel Aeschlimann, Partner - Antonio Palma, Partner and CEO - Antoine Boissier, Partner.
any conflicts between our own interests and those of our
clients. As we are a private partnership, we do not publish
any results. We are regulated in Switzerland by the Swiss
Financial Market Supervisory Authority (FINMA) and the
Swiss National Bank (SNB).
“All of the Partners at Mirabaud share the same
spirit of independence. This is one of our fundamental
values, guaranteeing the credibility and
impartiality of the strategies that we propose
to our clients.“
Antonio Palma
Partner and CEO
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setting sail to n w horiZons

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“Since 1819, we have seen significant changes
in the world's leading financial centres. This
rapid rate of development guarantees that our
clients have access to expertise that keeps pace
with the ever-changing world of financial ser-
vices. Our approach is simple: we aim to expand
while continually ensuring our durability.“
Camille Vial
Partner
de P roots & dynamism
CLOSE TO TWO CENTURIES OF EXPERIENCE AND A CORPORATE SPIRIT FOCUSING ON OUR CHANGING TIMES.
Whatever the circumstances, we have been able to develop
high-quality products in which innovation and performance
are paramount. In order to satisfy our ever more demanding
client base, we work simultaneously to promote skill and
honesty, as well as performance and innovation, in all our
activities.
1819: creation of Mirabaud & Cie, banquiers privés in
Geneva. 1857: the bank helps to set up Switzerland's
first securities exchange. 1931: co-founder of the Geneva
Private Bankers Association. 1979: Mirabaud begins to
expand outside Switzerland. From 2003 to 2009, Pierre
Mirabaud was Chairman of the Swiss Bankers Association.
Between 2003 and 2007, offices were opened in Paris,
Basel and Dubai. In 2009 and 2010, Mirabaud UK was
ranked top of the UK’s Alternative Investment Market for
corporate finance (initial public offerings and rights issues).
In 2010, Mirabaud obtained its banking licence in Dubai and
established a presence in Spain, in the cities of Madrid and
Barcelona, and in 2009, our Spanish team also won the
award for the best Spanish equity fund over the previous
three years.
In Switzerland, the Mirabaud Equities Swiss Small and Mid
Caps fund won the 2010 Lipper Fund Awards prize – for
second consecutive year – for the best small and mid cap
fund over the previous five years. A new brokerage platform
has also been set up in Geneva, enabling international
institutional clients to carry out stock market operations
on the European markets.
In 2011, Mirabaud focused its investment fund activities on
Luxembourg, where it set up a management company. It
also strengthened its intermediation activities in the same
year by launching Mirabaud Australia, a new brokerage
platform in Perth.
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Pres nce & relationshiPs
TO OFFER OUR CLIENTS THE SERVICES THEY EXPECT, WE HAVE DEVELOPED A PRIVATE WEALTH
MANAGEMENT APPROACH BASED ON EXCLUSIVITY AND HIGH-LEVEL EXPERTISE. INTERVIEW WITH
ANTOINE BOISSIER, PARTNER.
Mirabaud is firmly established in today's banking
and financial world. What is at the root of this new
momentum?
A. Boissier › We have undergone significant changes
over the past few decades, evolving from a family-owned
company into an international group with high-level specialist
expertise. This forms the basis for our momentum.
What gives Mirabaud its identity and makes it unique?
A. B. › The most significant thing that makes us unique is
that, as Partners, wherever possible we always endeavour to
meet the clients who place their trust in us. We personally
look after managing their assets. We are able to offer this
direct contact thanks to our size. But it is also, above all, a
deliberate choice and part of our mentality. Our genuine
corporate spirit and philosophy are reflected in everything
we do, at all times and at all levels. Our motto is to “Take
your time“! We make sure that our clients, colleagues and
business partners are able to contact us directly at all times.
Where does Mirabaud stand now and in the future?
A. B. › Although we use the latest technologies, we still put
the human dimension and personal contact first. In today’s
automated, industrialised and “virtual“ banking world,
Mirabaud constitutes a reliable alternative and a different
investment avenue for clients looking for diversification
and a long-term relationship built on trust.
In short?
A. B. › Meticulous attention is paid to every detail and
there is involvement on a day-to-day basis. We ask for
unstinting intellectual integrity from all of our employees
and business partners. Since 1819, we have been able to
make “long-lasting“ mean exactly what it says.
What are the underlying principles of Mirabaud's
growth?
A. B. › Since it was founded, Mirabaud has attached great
importance to the quality of human relationships, whether
with its private and institutional clients or between staff
and management. This close relationship lies at the heart
of all of our activities. For us it is a point of honour to serve
all of our clients with the same care, attention and respect.
It is this close relationship, which is present in all of our
activities, that I believe typifies the Mirabaud “brand“.
Antoine Boissier
Partner
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PRIVATE WEALTH MANAGEMENT IS ONE OF OUR CORE BUSINESSES, FOR WHICH WE HAVE DEVELOPED
AN EXCLUSIVE APPROACH. OUR ADVANCED EXPERTISE ALWAYS GOES HAND IN HAND WITH RIGOROUS
ETHICAL STANDARDS AND AN EMPHASIS ON HUMAN RELATIONSHIPS.
Private wealth management is not a clear-cut science; it
contains a significant human element. Since it was founded,
Mirabaud & Cie, banquiers privés has dedicated itself to private
banking, which to this day is one of its core businesses.
Wherever we are in the world, all of Mirabaud's dedicated
private banking entities share this firm belief. Our business
has been built up as a genuine partnership based on trust.
In all of the markets in which we operate, we are able to
serve the interests of our private banking clients by offering
them advisory, investment management, execution
and custody services.
attentiv ness & Proximity
With our highly qualified staff and cutting-edge technologies,
we have dedicated ourselves to clients looking for personalised
relationships and high-quality service. To take care
of their needs, we constantly devise and develop a whole
range of tailor-made services. These clearly delineated services
are provided in an atmosphere of trust and respect.
With our primary focus on performance and quality, we
offer attractive and competitive fees depending on the
size and complexity of the portfolios under management.
The care and attention of the 19th century private bank
is coupled with the performance requirements of the 21st century. In Switzerland, as in the world's other leading
financial centres, we cultivate a unique mindset combining
attentiveness and commitment.
“Clients who place their trust in us are our main
concern. We regard each client as a unique
person.“
Thierry de Marignac
Partner
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measUr d aUdacity
“Whatever the aim, our acute analysis, perfor-
mance-centric approach and code of ethics are
the real cornerstones of our success.“
Lionel Aeschlimann
Partner and Member of the Executive Committee
IN ASSET MANAGEMENT, MIRABAUD PROVIDES SERVICES BASED ON ACTIVE MANAGEMENT, A CONVICTION-
BASED STRATEGY AND A RANGE OF PRODUCTS AIMED AT LONG-TERM PERFORMANCE.
In the past 10 years, Mirabaud Asset Management has
developed a huge range of services for its institutional
clients, applying active, conviction-based management,
based on the principle of performance adjusted for risks,
particularly market risks. Management and sales teams with
global expertise are located in Geneva, Zurich, London,
Paris, Barcelona and Montreal.
Mirabaud Asset Management bases its services on the
following axes:
• Active management of equity funds (Switzerland, Europe,
North America, Asia, World)
• Dynamic management of asset allocation funds and
mandates (equities, bonds, real estate, alternative management)
• Alternative management (funds of hedge funds, mandates,
consultancy)
• Management of convertible bonds
Mirabaud Asset Management also has solid skills in traditional
bond management.
Specialising in designing and actively managing products
and mandates, Mirabaud's professionals can offer bespoke
solutions to pension funds and insurance companies, as well
as other institutional players including banks, family owned
businesses, independent asset managers and funds of funds.
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always allow yoUrself time
for refl ction

sel ctive exPloration
MIRABAUD WAS ONE OF THE FIRST BANKS TO PROMOTE ALTERNATIVE INVESTMENT MANAGEMENT AS A
MEANS OF OPTIMISING THE PERFORMANCE OF ITS CLIENTS' ASSETS. REMAINING LOYAL TO THIS PIONEER-
ING SPIRIT, WE ARE CONTINUALLY ON THE LOOK-OUT FOR NEW INVESTMENT VEHICLES, AS HAS BEEN THE
CASE SINCE THE 1970s.
Our investment fund specialists select only the most reli-
able and relevant from thousands of alternative funds.
Our choices satisfy selection criteria that are both strin-
gent and strictly objective: performance, expertise, secu-
rity, liquidity and risk management.
Our funds of funds follow defined strategies, covering
mainly liquid alternative management styles such as long/
short equity, global macro, Event driven and CTA. In addi-
tion, there is a UCITS IV fund of funds, governed by the
European standards in force and offering considerable
liquidity, as well as a multi-strategy fund of funds.
This expertise results in a range of funds of funds, the
creation of customised alternative mandates and advisory
relationships with investors that wish to benefit from
Mirabaud Asset Management's expertise in this field.
The investment philosophy is largely based on the idea
of asymmetry in relation to the equity markets: it seeks
to participate in gains more than in losses, thus creating
a superior risk/return profile. This asymmetry makes an
ideal add-on to an equity portfolio, in the developed and
emerging markets alike.
“We offer our clients a number of global and
regional funds (North America, Europe, Asia,
emerging markets) thanks to our close contact
with the best alternative investment fund man-
agers. These products enable us in particular
to diversify risks for our clients as a result of
investing in the international financial markets.“
Yves Mirabaud
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Senior Partner
and Member of the Executive Committee

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“I prefer the notion of ‘good business’ to that of
‘strictly business’: saying what we do and doing
what we say, with full transparency, at all levels.
In London, Geneva, Madrid, Dubai, Hong Kong
and Perth, we are continually fine-tuning our
range of services. These strengths are vital in
order to be able to compete at the highest level.“
Giles Morland
Partner and Member of the Executive Committee
transPar ncy & Precision
LIKE ALL OF ITS ACTIVITIES, MIRABAUD CARRIES OUT ITS INTERMEDIATION ACTIVITIES WITHOUT EVER
INVESTING ITS OWN CAPITAL, WHICH PREVENTS ANY CONFLICTS OF INTEREST FROM THE OUTSET.
Our ethical concerns, combined with the professionalism
of our staff, have attracted a client base of well-informed
institutional investors. In terms of intermediation activities,
we advise them and are able to carry out transactions on
their behalf on all of Europe's and Asia's stock markets. We
deal with a wide variety of asset classes, including equities,
bonds and derivatives. In this fiercely competitive market,
we are constantly reinventing our competitive advantages
on all levels, including the quality of our service and perfor-
mance, new ideas and added value.
Since 2006, we have specialised in corporate finance in
the energy, renewable energy and high-tech sectors. From
our London office, we carry out initial public offerings on
the Alternative Investment Market, as well as mergers and
acquisitions and direct investments.
Independent Debt Capital Markets LLP (IDCM) was founded
in 2009 as the exclusive representative of Mirabaud. Its
team, based in London, offers advisory, arranging and
execution services both for issuers looking for financing
and investors wanting to invest their capital. The company
has developed its presence in structured products and bond
issues. These fixed-income products are targeted both at
large and mid cap companies and institutional investors.
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chall nges & convictions
“No matter how far or how quickly we grow
and develop our international presence, we have
made sure that we have the means to remain
close to our clients and our employees. All of
our offices are first and foremost the result of
a meeting of minds concerning the investment
management profession and its objectives.“
Antonio Palma
Partner and CEO
IN ITS QUEST FOR EXCELLENCE AND DESIRE FOR CONTROLLED GROWTH, WITH OPERATIONS SPANNING
FOUR CONTINENTS, MIRABAUD’S AIM IS TO DEVELOP WITHOUT LOSING ITS IDENTITY OR THE SPECIFIC
CHARACTERISTICS ON WHICH IT HAS BUILT ITS REPUTATION.
Since the start of the millennium, we have developed our
networks and increased the number of Mirabaud offices
around the world. Mirabaud is and will remain an independent
financial institution with resolutely human values.
We believe that institutions in the financial sector need to
be more sensitive than ever as to how finance keeps the
world running, whether in the political, social or environmental
sphere. The recent crises have effectively illustrated
the extent to which performance must these days be married
with responsibility.
The group has signed the Principles of Responsible Investment
(PRI), an initiative launched by the UN in 2006, as well
as the Hedge Fund Standards, in response to growing concern
among investors over transparency, risk management,
governance and shareholder conduct.
Mirabaud also dedicates a portion of its revenues to a fund of
funds to support the missions of Interpeace, a UN-affiliated
NGO, internationally recognised for its extensive peace work
in conflict zones. The fund aims to take emerging market
opportunities through alternative management, while taking
a socially responsible approach. This unique initiative
combines the bank's alternative management expertise with
the human values that have defined it since 1819.
Mirabaud is also a partner in Winds of Hope, the foundation
created by Bertrand Piccard and Brian Jones, who completed
the first non-stop round-the-world balloon flight. The foundation
combats Noma, a disease that particularly affects
children living in extreme poverty.
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PHOTO CAPTIONS
PP 05 & 21 Yves Mirabaud – Senior Partner, Mirabaud & Cie, banquiers privés, Member of Mirabaud’s Executive
Committee, Chairman of Mirabaud (Middle East) Limited (Dubai), Chairman of Mirabaud Financial
Planning SA (Geneva), Member of the Committee of the Swiss Private Bankers Association, Director
at Mirabaud Canada Inc.* (Montreal), Director at Mirabaud Gestion Inc. (Montreal)
PP 07 & 24 Antonio Palma – Managing Partner and CEO, Mirabaud & Cie, banquiers privés, Chairman of
Mirabaud France SA (Paris), Chairman of Mirabaud Finanzas SA (Madrid), Director at Mirabaud UK
Limited (London), Director at Mirabaud Investment Management Limited** (London)
P. 10 Camille Vial – Managing Partner, Mirabaud & Cie, banquiers privés
P. 13 Antoine Boissier – Managing Partner, Mirabaud & Cie, banquiers privés
P. 15 Thierry de Marignac – Managing Partner, Mirabaud & Cie, banquiers privés
P. 16 Lionel Aeschlimann – Managing Partner, Mirabaud & Cie, banquiers privés, Member of Mirabaud’s
Executive Committee, Chairman of Mirabaud Gestion SGIIC SA (Barcelona), Chairman of Mirabaud
UK Limited (London), Chairman of Mirabaud Asset Management (Europe) SA, Director at Finanzas
SA (Madrid), Director at Mirabaud France SA (Paris), Member of the Board of Directors of Mirabaud
Financial Planning SA (Geneva)
P. 22 Giles Morland – Managing Partner, Mirabaud & Cie, banquiers privés, Member of Mirabaud’s
Executive Committee, Chairman of Mirabaud Securities LLP*** (London), Chairman of Mirabaud
Investment Management Limited** (London), Chairman of Mirabaud (Asia) Limited**** (Hong
Kong), Chairman of Mirabaud Australia (Perth), Member of the Board of Directors of Mirabaud UK
Limited (London), Director at Mirabaud (Middle East) Limited (Dubai), Director at Mirabaud Asset
Management (Europe) SA
* Member of the Association canadienne des courtiers en valeurs mobilières (Investment Dealers' Association of Canada) and of the FCPE
(Fonds Canadien de Protection des Epargnants - Canadian Investor Protection Fund)
** Authorised and regulated by the Financial Services Authority
*** Authorised and regulated by the Financial Services Authority, Member of the London Stock Exchange
**** Regulated by the Hong Kong Securities and Futures Commission (SFC)
Design: PULP.ALIBI, Geneva ∙ Printing: ATAR Roto presse SA. Printed in Switzerland in 2011