Mirabaud Asset Management acquired Galloway Gestora de Recursos Ltda., an investment manager based in Sao Paolo, Brazil, and Galloway Capital Management Ltd on 17 December.

Mirabaud (MAM), which has offices throughout Europe, is the investment arm of the Mirabaud Group, a family-controlled private bank established in 1819 and based in Geneva. MAM manages CHF8bn ($8.0