26 October 2017
KBL European Private Bankers (KBL epb), which operates in 50 cities in Europe, continues to achieve major strides in its ongoing digital transformation, including successfully migrating activities at its headquarters in Luxembourg to a new IT platform.
KBL epb is now operating on that advanced platform, powered by Lombard Odier and designed to meet the specific requirements of the pan-European private banking group. Consequently, KBL epb is now even more strongly positioned to respond to rapidly evolving client needs in an increasingly international environment.
In addition to meeting private client requirements, the platform supports the group’s offering for institutional clients and external asset managers, providing them with online consultation and transactional services.
The launch in Luxembourg follows the earlier introduction of the same platform at the group’s French private banking unit and at Banque Puilaetco Dewaay Luxembourg, its wholly owned affiliate in the Grand Duchy.
Moving forward, KBL epb will continue to roll out this platform across its network, including at Puilaetco Dewaay in Belgium and Brown Shipley in the UK, where migration is targeted to take place next year. In the course of 2018, KBL epb will also plan the further introduction of the platform at other group entities.
At a time when the group is advancing its strategy to progressively introduce a common operating model across its footprint, the migration of KBL epb’s activities at its headquarters is a critical achievement, according to Group CEO Yves Stein.
“Today, we are strengthening the ties that bind our group and enhancing our ability to better serve all our clients, no matter where they are based,” he said. “Moving forward, we will also be able to more efficiently manage regulatory requirements, further simplify internal processes, become more agile and reduce costs.”
Group Chief Operating Officer Paul Scholten highlighted that KBL epb’s new IT platform will facilitate the enrichment of its overall digital offering. In that regard, the group is currently investing in new digital tools to enhance client experience, including advisory and transactional services, while also working on a range of IT-based solutions to increase internal efficiency.
“Our progress in the digital arena is just one example of the deep and positive transformation taking place at KBL epb,” said Scholten. “With the full support of our shareholder and the active engagement of our 2,000 staff, we are building the private banking group of tomorrow.”
Christophe Gabriel, CEO, Lombard Odier Technology for Banking Infrastructure, emphasized that the successful cooperation between KBL epb and Lombard Odier was founded upon a unique partnership approach.
“Drawing on the skills and experience of specialist employees of both organizations, we have delivered a best-in-class solution – developed by wealth managers for wealth managers – that meets the needs of KBL epb’s clients and staff,” said Gabriel.