The Coronavirus pandemic caused significant interruptions in the global economy. In the first phase of the pandemic, different governments imposed several safety measures to curb the spread. The restrictions caused a business boom in some sectors and losses in others. It’s because each operator responded differently. For example, the transport industry recorded a sharp decline in business. The drop was due to barns on travel in various regions. Yves Mirabaud believes that the banking industry also received a fair share of the disruptions.
Yves is a prominent Swiss banker with incredible experience in financial matters. He undertook his studies in Geneva before starting his career in banking. Mirabaud worked with various organizations in different countries for four years. The journey began in Switzerland, where he worked in Zurich and Geneva. Yves then moved to the United States, where he served in financial institutions located in Boston and New York City. Yves Mirabaud believes that the financial sector requires a lot of practical knowledge to prosper. Therefore, the first four years of his career streamlined his future in the industry.
Yves Mirabaud consistently worked hard to build his career and joined the family-owned Mirabaud bank in the mid-90s. His entry into the prestigious financial institution didn’t kill his dream of climbing the ranks to the top. After a few years of excellent service delivery, Yves Mirabaud became one of the senior managing partners at Mirabaud bank. Today, he’s the board chairman at the bank’s subsidiaries, including the United Arab Emirates (UAE).
Yves on the State of Mirabaud during the Pandemic
One of the qualities of an excellent leader is the ability to detect and respond appropriately to the dynamics of the business environment. Yves Mirabaud believes that Mirabaud Bank didn’t experience many losses during the first phase of the pandemic. He explains that 2020 was one of their best years for the time they’ve been in business. Yves generally believes that the winning strategy that saved most financial institutions was hedging. He adds that the practice minimized the risk levels, thus increasing sustainability despite the challenging economic times.
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More about Mirabaud on https://ch.linkedin.com/in/yves-mirabaud-b7914a17