17 January 2018
KBL European Private Bankers (KBL epb), headquartered in Luxembourg and operating in 50 cities in Europe, announced today three appointments to its Executive Committee, which is led by recently named Group CEO Peter Vandekerckhove.
Nicholas Harvey, who has served since 2013 as the Luxembourg-based Deputy CEO of Precision Capital, will step down from that role and become Deputy CEO at KBL epb.
Following the retirement of Yves Pitsaer – who served as Group Chief Risk Officer & Regulatory Affairs – those important functions will be shared between Siegfried Marissens, Secretary General of KBL epb, who will assume additional responsibility for Compliance and Regulatory Affairs, and Anthony Swings, who has been named Group Chief Risk Officer.
The appointments of Marissens and Swings are effective immediately, subject to regulatory approval. Harvey’s appointment will take effect in the second quarter of this year, following a transition period, and also remains subject to regulatory approval.
“By reinforcing the leadership of the KBL epb group, we will strengthen our ability to realize our strategic growth objectives,” Vandekerckhove said. “Guided by a shared vision and singularly focused on service, we’re embracing the opportunity to constantly improve – and to be the first, best choice for every client.”
For the past five years, Harvey has overseen the strategic development and transformation of Precision Capital’s two investments – KBL epb and Banque Internationale à Luxembourg (BIL) – including through M&A. Prior to joining Precision Capital, he served as Chief Risk Officer and member of the Management Board at Amlin Europe, a corporate insurer and reinsurer. Earlier, he served for over a decade at McKinsey, advising financial services firms.
English by birth but raised in Belgium, Harvey is an engineering graduate of Louvain University in Belgium and holds an MBA from the Kellogg School at Northwestern University in the United States.
Following the sale of its 89.9% stake in BIL, Precision Capital intends to continue to invest heavily in the development of KBL epb through acquisitions, leveraging the proceeds of the BIL sale. When he assumes his new position at KBL epb, Harvey will lead that effort in addition to his broader role as Deputy CEO of the group.
Marissens, for his part, will continue to head the group’s Corporate Center and oversee the Legal department. Assuming additional responsibility for Compliance and Regulatory Affairs, he will also continue to play a key role in ensuring the coordination of the pan-European group.
Over his 25-year career at KBL epb, Marissens has held a range of roles, commencing as a portfolio manager in Luxembourg, then holding the same position at Brown Shipley, the group’s UK affiliate. Since 2001, he has held roles with significant pan-European dimensions. He earned his degree in commercial engineering at the University of Antwerp, complemented by an MA in macroeconomics from the College of Europe in Bruges.
Swings, the third new KBL epb Executive Committee member, earlier served as Group Head of Risk, supervising staff in Luxembourg and across the group’s network.
A Belgian national who earned his degree in civil engineering at the University of Liège, Swings began his career at ING in Brussels as an IT project manager focused on the implementation of market risk management tools. He joined KBL epb in 2002 in a similar capacity. Over the last decade, he has assumed increasingly senior positions in the Risk department at KBL epb.