The Swiss Wealth Manager Contributes to the Overall Growth of the MoraBanc Group
67% increase in AUM compared to 2023
Zurich, May 8, 2025 – Boreal Capital Management Switzerland closed the 2024 fiscal year in line with the growth targets set out in the MoraBanc Group’s strategic plan. In Zurich, Boreal increased its business volume to €1.616 billion, representing a 51% increase over the past two years. This trend reflects the consolidation of MoraBanc Group’s Swiss subsidiary, which began operations in 2008 with a differentiated value proposition aimed at private banking clients.
In 2024, Boreal’s team grew by 88%. In addition to growth in assets under management, the number of clients of the wealth manager has increased by 32% over the past two years.
Jaime Moreno, CEO of Boreal Switzerland
“2024 has been an excellent year for us. We have consolidated a sophisticated and transparent wealth management model that has enabled us to achieve significant growth in assets under management and profit. Continuously improving our value proposition is a permanent goal for Boreal Switzerland and will be the foundation for continued growth in the future.”
The Security of Belonging to a Major International Group
Boreal Capital Management is part of MoraBanc, a family-owned financial group of Andorran origin with a presence in Andorra, Spain, Miami, and Switzerland. The group recently presented its global results, showing remarkable growth. In 2024, MoraBanc increased its assets under management by 67% to €18 billion and its profit by 12% to €57.7 million, achieving a solvency ratio of 19.47% (CET1 fully loaded), above the European banking average of 16%.
The growth of Boreal Switzerland has contributed to the international expansion of the Group, which in 2024, for the first time, closed the year with more assets under management in its international subsidiaries than in Andorra. The acquisition of the securities firm Tressis in Spain was a key step in this growth process.
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