Mirabaud, the Geneva-based private bank, plans to more than double the size of its asset management team in the Dubai International Financial Centre by June. The Swiss bank, which opened its DIFC office last July, aims to have five asset managers in place by this summer. "We are creating the business from scratch," Gilles Rollet, Mirabaud's chief executive in Dubai, told Middle East Business Weekly. "Typically a private banker will manage $200 to 300 million when they have built up their client base." According to Mirabaud, it is the only bank to adopt a business model where an asset management company works in partnership with several custodians. Its clients have assets of at least $5 million.