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28 January 2014

Luxembourg private bank in major management shake up 

The Wealthnet reports the changes in senior management at KBL epb

Mr Stein said: "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.

"By ensuring a seamless leadership transition and simultaneously enhancing the composition of our board of directors we will be able to accelerate our strategic growth plans, strengthening the ties that bind our group and providing all our clients with an even higher level of personalised service."

Acknowledging the significant contribution made by Jacques Peters, George Nasra, chief executive, Precision Capital, said: "During a period of enormous change, Jacques led the group forward with energy, commitment and passion. Like everyone at KBL epb, I am grateful to him for his service, and look forward to working with him in his capacity as chairman of Puilaetco Dewaay."

Thanking outgoing KBL epb chairman Jan Huyghebaert for his nearly two decades of service in that position, Mr Stein highlighted the importance of these three new board appointees, who provide substantial experience in the financial services sector.

"It is a privilege to assume the role of chairman of the Board of KBL European Private Bankers," Mr Contzen said. "With its experienced staff, strong management team, esteemed Board members and the long-term support of its shareholder, KBL epb will continue to build upon its pan-European platform in the years to come."

Mr Contzen concluded: "At a time when many sector participants are scaling back their ambitions, KBL epb has the vision and means to seize today’s opportunities. I look forward to being part of this exciting growth story."

- The Wealthnet.com