Mirabaud leaves Canadian wealth management, selling its local business to Nour Private Wealth

On 30 October 2026, Nour Private Wealth completed its acquisition of Mirabaud Canada Inc., the Canadian wealth management business of the Geneva-based Mirabaud Group. The buyer announced the closing on 3 November through its affiliated holding company, Nour Private Management. Neither party disclosed a price, the assets under management being transferred or the number of clients and staff involved.

Mirabaud, a partnership founded in Geneva in 1819, has had a presence in Canada for about four decades, according to Wealth Professional Canada. The trade title describes the business as a Montreal operation serving high-net-worth and ultra-high-net-worth families through discretionary portfolio management, advisory mandates and wealth planning. The group lists its other offices as Switzerland, London, Luxembourg, Paris, Madrid, Barcelona, Valencia, Milan, Dubai, Montevideo and São Paulo, with around 700 staff. Canada is not on that list.

Who is buying

Nour Private Wealth is an independent investment dealer based in Oakville, Ontario, and a member of the Canadian Investment Regulatory Organization (CIRO) since 2018. It has offices in Oakville, Toronto, Montreal and Pointe-Claire, Quebec. This is its second acquisition of 2026: in January it agreed to buy Goodwood Inc., a Toronto fund manager, a deal Wealth Professional Canada reports was completed early in the year. The firm describes its model as investment management combined with family office services, including governance, succession and estate planning.

Most of what has been published about the deal comes from the buyer’s own release, which calls Nour “the leading” private wealth firm in Canada. That is the firm’s own description, and the release offers no figures to support it.

Lionel Aeschlimann, senior managing partner of Mirabaud, said the bank chose Nour for its Canadian presence and range of services, and expected it to give clients “continuity, stability” and a wider offering. Both firms say client continuity is the priority during the transition.

What changes for clients

The operational side is largely unchanged. Custody, clearing and trade execution will continue to be provided by Fidelity Clearing Canada, Nour’s existing custodian, which is itself a CIRO member and covered by the Canadian Investor Protection Fund. What changes is the firm holding the advisory relationship and the discretionary mandate. Clients who chose a Swiss partnership bank now have a Canadian independent dealer, with a different ownership structure, product shelf and fee schedule that neither release sets out.

What it means for family offices

A family whose bank sells a local book does not get to choose the buyer, and the default is to stay. That makes this the moment to review rather than roll over: read the new mandate and fee terms, check who now holds discretion, confirm that custody arrangements are as described, and ask whether the relationship managers are moving across. Families with cross-border links to Mirabaud’s European offices should also ask how any Geneva or London accounts will be coordinated with the Canadian book once it sits with an unrelated firm.

Sources: Nour Private Wealth release via PR Newswire (3 November 2026); Wealth Professional Canada (4 November 2026).