Home/Bank Intelligence/Switzerland/Mirabaud
MirabaudM
Mirabaud review

Mirabaud & Cie SA

Three stars: protected deposits, a desk for external managers and public ownership.

Booking centreSwitzerland
RegulatorFINMA
Legal formLicence holder
GroupMirabaud Group
Websitemirabaud.com
Rate this bankCompare
PPLI.com
Private Bank Rating
3 out of 5 stars
UHNW assessment with client feedback
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Editorial baseline signed byNoam CohenEditor, Bank Intelligence
About the rating
3 out of 5, Q4 2026 edition
Not publishedpricing on request
2matters on the record, 2023 to 2025
Not publishedminimum relationship
The editor's opinion

Why Mirabaud has three stars

Mirabaud has a three-star overall rating. The editorial assessment was four stars. Custody assets are protected by statute in the booking centre, with conditions a family should read. What a family should weigh: a significant regulatory finding stands on the record in the last ten years. A matter is open with the authorities and carries no weight until it is decided.

The booking centre received 14 client ratings, averaging 1.4 out of 5. At this sample size, the client average carries 20.4% weight when it is lower than the editorial assessment. The adjustment takes the published rating from four to three stars. How the adjustment works.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where Mirabaud stands out

  • Custody assets are protected by statute in the booking centre, with conditions a family should read.
  • Deposits are covered by a statutory protection scheme.
  • A dedicated desk serves external asset managers and family offices.
  • Ownership and control are fully public.
  • The owners' home jurisdictions carry strong official assessments against money laundering.

What to weigh

  • One matter is still open with the authorities and not decided. It carries no weight in the rating until it is decided.
  • A significant regulatory finding stands on the record in the last ten years.
  • The last adverse finding is recent.
  • Only a summary of the custody terms is public.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

20256 June 2025

London damages claim by Kuwait's state pension fund and a related claim by EFG

Bilanz reported on 6 June 2025 that Kuwait's Public Institution for Social Security is suing several financial institutions, asset managers and individuals in the London High Court for about USD 1 billion over accounts allegedly set up or run with the help of Mirabaud and EFG, both of which reject the allegations. EFG has also filed a claim in the dispute against Mirabaud and its former partners Pierre Mirabaud and Thierry Fauchier-Magnan, which both sides called a procedural step, and no judgment on either claim has been reported.

London High Court ('Londoner High Court'; the article does not say Commercial Court)Allegation or claimOpen matter, not decidedPrimary source
2023June 2023

Serious violation of financial market law: AML failures in client relationships linked to a businessman accused of tax evasion

FINMA found that Mirabaud & Cie SA breached AML obligations and seriously violated financial market law by failing to review and document the economic background of relationships linked to a businessman accused of tax evasion, with weak governance and controls. It confiscated CHF 12.7 million, barred new high money-laundering-risk clients until compliance is restored, ordered a full client review and re-documentation of 2018 to 2022 high-risk transactions, and appointed an audit mandatary. The ruling has been legally binding since August 2023 and was not contested; the bank's challenge to FINMA publishing the case was dismissed by the Federal Supreme Court.

has been legally binding since August 2023 and has not been contested

Client relationship review, re-documentation, strengthened AML controls, governance and remuneration changes; audit mandatary.

FINMAFinal decisionDisgorgement (confiscation of unlawfully generated profits) CHF 12.7 millionPrimary source
Clients and standing

Client experience and financial standing

What clients meet at Mirabaud, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

1.4 out of 5, based on 14 client ratings for this booking centre.

What clients report

No complaints register publishes figures for Mirabaud & Cie SA, and the Swiss Banking Ombudsman reports only in aggregate. The FINMA ruling binding since August 2023 bars the bank from taking on new clients with increased money laundering risk until compliance is restored, and requires a review of all client relationships under the watch of an audit mandatary. The bank's appeal against FINMA's publication of the proceedings was dismissed by the Federal Supreme Court before FINMA published the case on 17 September 2024. The largest client-related claim is the London action of about USD 1 billion by Kuwait's state pension fund over accounts allegedly set up or run with the help of Mirabaud and EFG, which both reject and on which no judgment has been reported.

Worth raising with the bank

  • Ask whether FINMA has confirmed that the bank has restored compliance, and whether the bar on taking on new clients with increased money laundering risk imposed in 2023 still applies.
  • Ask whether the bank is a named defendant in the Kuwaiti pension fund case in London, and what provision it holds for that claim and for the related EFG claim.

In the press

  • Bilanz

    Zwei Schweizer Banken im Clinch

    Kuwait's state pension fund is suing several institutions in London for about USD 1 billion over accounts allegedly run with the help of Mirabaud and EFG, and that EFG had filed a claim against Mirabaud and two former partners.

  • International Enforcement Law Reporter

    Swiss Financial Regulator Sanctions Mirabaud & Cie SA

    The International Enforcement Law Reporter summarised the FINMA measures against Mirabaud & Cie SA, including the CHF 12.7 million disgorgement and a bar on new higher-risk clients.

  • swissinfo.ch (Keystone-SDA)

    FINMA imposes heavy penalties on private bank Mirabaud

    FINMA confiscated CHF 12.7 million from Mirabaud over relationships dating from 2010 with structures linked to a deceased businessman accused of tax evasion, involving up to CHF 1.4 billion of assets.

What it costs

What Mirabaud charges

Mirabaud does not publish its private banking fees. The site says that pricing is given on request. We searched its website on 6 November 2026 for a fee schedule, a tariff or a pricing page. We read its legal, documents and client information pages and searched the site in each language it uses. 96 of the 151 banks we cover publish theirs. A family cannot see what a relationship with Mirabaud would cost before asking, so the cost transparency element of the PPLI.com rating gives Mirabaud no credit for a published schedule, and the bank cannot be placed in our fee comparison. If Mirabaud publishes a schedule, we will read it and add it in the next edition.

Pricing not published

Banks that publish their fees, and how they compare, are listed on the comparison page. If you hold a proposal from Mirabaud, our editors can place it against the published fees of other banks in confidence: write to [email protected].

The bank at a glance

Identity, protection and services

Legal identity

Legal nameMirabaud & Cie SA
LEI549300UNS0E0CCKL0C57
LicenceBank  Source
RegulatorFINMA
Legal formLicence holder
OwnerSet out under Ownership

Ownership

Group parentMirabaud SCA  Source
ControlGroup Managing Partners of Mirabaud SCA (Lionel Aeschlimann, Camille Vial, Nicolas Mirabaud), acting through Mirabaud Partners & Cie; owned by its partners  Source (2 November 2026)
Holder of 10% or moreMirabaud SCA (Managing Partners with unlimited liability; Equity Partners as limited partners), 100% in Mirabaud & Cie SA  Source (31 December 2024)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot yet on file
CET1 ratio22.79% (31 Dec 2025)
Total assetsCHF 2.2 billion (31 Dec 2025)
Shareholders' equityCHF 246.1 million (31 Dec 2025)
Client assetsCHF 31.7 billion assets under management (including double counting) (31 Dec 2025)
Net profitCHF 22.6 million (31 Dec 2025)
Employees696 (31 Dec 2025)
Founded1819

These are the published figures of Mirabaud SCA (consolidated Mirabaud Group), which reports for this bank. Sources: Mirabaud Group Annual Report 2025; Mirabaud 2025 annual results press release.

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 6 November 2026.

Access and costs

Minimum relationshipNot published
Product minimumProduct minimum: CHF 1 million (Portfolio values from CHF 1M+ ... Typical minimum to maximise benefits (Lombard lending page))  Source
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsNot published

Before opening an account

  • Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien.
  • Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
  • Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market.
Your experience

Rate Mirabaud

If you bank with Mirabaud or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

Select a rating

Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Mirabaud or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

All 15 documents cited on this page, by subject.

Regulatory and legal record

  1. London High Court ('Londoner High Court'; the article does not say Commercial Court): London damages claim by Kuwait's state pension fund and a related claim by EFG, 6 June 2025bilanz.ch
  2. FINMA: Serious violation of financial market law: AML failures in client relationships linked to a businessman accused of tax evasion, June 2023finma.ch

Client experience and press

  1. International Enforcement Law Reporter: Swiss Financial Regulator Sanctions Mirabaud & Cie SA, 19 September 2024ielr.com
  2. swissinfo.ch (Keystone-SDA): FINMA imposes heavy penalties on private bank Mirabaud, 18 September 2024swissinfo.ch

Identity, ownership, finances and services

  1. FINMA: Bewilligungstraeger (PDF)finma.ch · Licence
  2. Mirabaud: Governancemirabaud.com · Group parent
  3. Mirabaud: Rapport annuel 2024mirabaud.com · Holder of 10% or more
  4. Mirabaud Group Annual Report 2025mirabaud.com · Financial strength
  5. Mirabaud 2025 annual results press releasemirabaud.com · Financial strength
  6. Mirabaud: Private clientsmirabaud.com · Services
  7. Mirabaud: Lombard lendingmirabaud.com · Services
  8. Mirabaud: Family governancemirabaud.com · Services
  9. Mirabaud: Wealth planningmirabaud.com · Services
  10. Mirabaud: Independent asset managersmirabaud.com · Services

The bank

  1. Mirabaud, websitemirabaud.com

For Mirabaud

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-CH-MIRABAUD-274959.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent Mirabaud, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

Speak to an analyst

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Editorial baseline signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Reference BK-CH-MIRABAUD-274959
Private consultation →
Step 1 of 2

Tell us about yourself

Read our Privacy Policy before submitting. Share only the information needed to describe your question; do not include medical records or account credentials.

Continue →
✦Research assistant
✦PPLI.comResearch assistant
Explore PPLI questions and suitability factors
Ask a general question about PPLI, or explore the factors that affect suitability. Treat the answer as a starting point and check the linked sources.
Use the research with your own tax, legal and insurance advisers.
Preparing an answer
AI assistant. Educational information only. It does not determine eligibility or provide personal tax, legal, investment or insurance advice.