03 February 2014
KBL European Private Bankers has announced the appointment of Yves Stein as the new group CEO.
Stein previously held the position of CEO of Union Bancaire Privee (Europe) in Luxembourg. He earlier served as Director General, Private Banking, at BNP Paribas (Switzerland).
Marc Lauwers, who joined the group in 2013 as COO, has assumed additional responsibility as Deputy Group CEO, working directly alongside Stein.
Previously a member of the Executive Committee at Belfius Bank in Belgium, responsible for Retail and Commercial Banking, Lauwers earlier served as COO at Belfius and, before that, as CEO of Dexia Banka Slovensko, based in Slovakia.
Jacques Peters - who oversaw the bank's management of the impact of the global financial crisis and the acquisition of the group by Precision Capital, as well as the successful implementation of the first year of the group's long-term growth strategy - will step down from his role as Group CEO at the end of this week.
Peters will continue to serve as Chairman of the Board of Directors of Puilaetco Dewaay Private Bankers in Brussels.
Demonstrating the group's commitment to the highest standards of corporate governance, three new members have been appointed to the Board of Directors of KBL epb, including: Ernst Wilhelm (Bill) Contzen, former CEO of Deutsche Bank Luxembourg and current President of the Luxembourg Bankers' Association, who will assume the Chairmanship of the Board following the retirement of current KBL epb Chairman Jan Huyghebaert in March of this year; Alfred Bouckaert, former Chairman of Belfius Bank, as well as former Chairman of AXA Belgium; and Nicholas Harvey, Deputy CEO of Precision Capital, the Luxembourg-based shareholder of KBL epb, and former Chief Risk Officer and member of the Management Board at Amlin Europe.
"2013 was a successful year for the group, both financially and strategically: we considerably strengthened our franchise across Europe, putting us well on track to realize our vision to become a top 20 European private banking group by 2015," said Stein.
Please find below coverage in Swiss outlet Finews.ch reporting the appointment of Thierry Cottet as Chief Investment Officer of KBL Switzerland. The article writes that KBL Switzerland wants to expand its operation in the Swiss asset management market. The article mentions at the end that KBL Switzerland belongs to KBL epb, which is in turn owned by the Luxembourgish Precision Capital.