Quintet Private Bank (PB), formerly known as KBL European Private Bankers, is a Luxembourg-headquartered banking group founded in 1949 that operates in 50 cities across Europe with 2,000 employees. But it is making significant investments to grow further in people, products, new branding and geographic expansion, winning it Highly Commended (HC) status in the Outstanding Global Private Bank: Europe category at the online Private Banker International (PBI): Global Wealth Summit & Awards 2020.
In 2019, Quintet PB acquired UK-based NW Brown, which has now been integrated into the operations of Brown Shipley, its UK affiliate, and it returned to the Swiss wealth management market after buying Zurich-headquartered Bank am Bellevue. It also has plans to expand into the Nordic region with a branch in Copenhagen, using its Quintet group-wide branding.
Its long-term growth strategy is further supported by plans to:
- Develop a coherent, comprehensive products and services strategy for the enlarged group, including an enhanced lending offer, increased access to alternative investments and a redesigned offer for ultra high net worth individuals (UHNWIs).
- Invest in training and development, talent acquisition and its corporate culture, which is extremely important to represent its focus on relationships not just transactions, and its desire to grow with clients.
- Provide robust intellectual property, developed by internal investment specialists. This is important as it buttresses its reputation as an advice-led firm that stands apart.
The Outstanding Global Private Bank: Europe category at the PBI Global Wealth Summit & Awards 2020 was very popular attracting a lot of entries and consequently another Highly Commended recognition for ING Luxembourg. The winner was BNP-Paribas.