In mid-December, international banking and financial services provider Mirabaud Group promoted Anu Narula, an asset management executive in the firm, to equity partner.
At Mirabaud—which has been headquartered in Geneva since 1819 and currently has a workforce of more than 700 in 10 countries—equity partners are investors and hold management roles, allowing them to help shape the development of the company.
Narula—who had been serving as head of global equities at Mirabaud Asset Management, which provides investment solutions for institutional investors and financial intermediaries—has worked at the company for nearly a decade and is also a member of its Asset Management Executive Committee.
Specifically citing Narula’s “strong commitment to responsible investing,” Lionel Aeschlimann, Mirabaud Group managing partner and CEO of Mirabaud Asset Management, said the new equity partner’s history with the company has shown he’s well-aligned with Mirabaud’s core values—independence, conviction, responsibility and passion.
“Anu has been a key figure in our Asset Management business since his arrival in 2013,” Aeschlimann said in a statement. “His continued engagement and commitments to the business have been an active part of our growth and success story. As such, his progression to Equity Partner is only natural and we look forward to working together to continue the Group’s development and progression in all our markets.”
Expanding Mirabaud Group’s Global Expertise
After beginning his career as part of the Global Equity team at Morely Fund Management, an asset management organization with operations in London, Boston, Tokyo and Singapore, in 2001, Narula worked as a global equity portfolio manager with the Cardiff-based Cadwyn Global hedge fund and at investment management company Axa Framlington, where he was lead-manager of a global equity fund and co-manager of the company’s Global Opportunities fund.
Narula received a bachelor’s degree in economics from the London School of Economics, an MBA from the London Business School and is a CFA Charterholder.
His responsibilities at Mirabaud have included managing the Mirabaud Sust Glbl Hi Div A USD Acc fund, which has a long-term capital growth objective that centers on investing primarily in global companies’ dividend-yielding equity securities, and the larger Mirabaud Sustainable Glbl Fcs A USD Acc fund.
At the close of the three-year period ending in November 2021, the $970 million Mirabaud Sustainable Glbl Fcs A USD Acc fund—which is designed to provide superior long-term capital growth through investments in a concentrated portfolio of companies that offer both financial and sustainable advantages—had produced a 55.1% return.
Mirabaud, for years, has been dedicated to sustainable and socially responsible investment practices. In addition to actively supporting employees’ well-being and professional development through a variety of training programs, cultural events and other activities, the company integrates ESG considerations into its products and services.
An Increased Role for Mirabaud Division Leaders
Mirabaud also announced in December that all of its limited partners would be made equity partners in the company.
The individuals who had been in a limited partner role—including Etienne d’Arenberg, U.K. head of wealth management; Thiago Frazao, head of wealth management for Latin America; Alain Baron, head of wealth management for Middle East and North Africa; and Andrew Lake, head of credit and fixed income—officially became equity partners on January 1, 2022.
“This evolution towards the status of Equity Partner allows us to better express and highlight the importance of its members to the Mirabaud Group,” said Yves Mirabaud, senior managing partner of Mirabaud. “I thank Etienne, Thiago, Alain and Andrew for their continued and strong commitment and congratulate Anu on this appointment. His breadth of experience combined with his excellent management skills makes him a perfect fit to join the Group’s Equity Partners.”