Geneva-based Mirabaud is to appoint Antonio Palma as a new managing partner and reform its management structure after announcing a fall in total assets under management in the first half of 2008.

Palma has worked at Mirabaud since 1993 and is currently a partner at the bank. His position as a managing partner will not become official until the beginning of 2010, although Palma is expected to start a review of management structures in the next few months.