26 February 2013
KBL European Private Bankers (KBL epb) announced today the appointment of Frédéric Genet, an industry veteran, as Chief Executive Officer, Professional Services, for the Group, based in Luxembourg.
In this newly created Executive Committee-level position, he will focus on reinforcing the services provided by the Group’s Global Investor Services, Global Financial Markets, Assets & Liabilities Management and Credit departments.
Genet previously served as Chief Executive Officer of Société Générale Bank & Trust, the second-largest bank in Luxembourg. As well as holding the position of Country Head for Société Générale in Luxembourg, Genet also served as a member of the Board of Directors of the Luxembourg Stock Exchange and the Luxembourg Bankers’ Association (ABBL).
Following the appointment of Genet, the Executive Committee of KBL epb is now composed of the following six members:
“As we move forward with the implementation of our long-term strategy to consolidate our position as a leader in private banking – including through sustained geographic growth, enhanced client segmentation and an ongoing focus on innovation – we are delighted to be joined by Frédéric Genet, an experienced 2 banker with a significant track record of success,” said Jacques Peters, Group Chief Executive Officer, KBL epb.
“Over the past three decades, Frédéric has made an enormous contribution to the sector here in Luxembourg and globally,” Peters said. “I am confident that he will make an even greater contribution to the leadership of KBL epb in his new role as CEO, Professional Services, as we seek to realize our vision to become top 20 European private bank by 2015.”
“I am extremely pleased to have the opportunity to take on this new and highly motivating challenge at this inflection point in the more than 60-year history of KBL epb,” said Genet. “I share Jacques’ vision for the future of the Group, and look forward to working closely with him and my colleagues here in Luxembourg and across our European network, supported by the long-term commitment of our shareholder.
“Together, I am confident that we will grow our core business of private banking, meeting the evolving needs of our clients – including ultra high net worth individuals – with the support of our Professional Services departments, notably by providing structured solutions and financing.
” A French national, Genet spent more than three decades at Société Générale, primarily in Paris, holding positions such as Senior Banker, Global Head of Export Finance and Head of the Tailor-Made Financing department. He is a graduate of the Faculty of Economic Science in Grenoble, France, who holds a Master’s degree in finance.
Genet will commence his new role at KBL epb in May 2013, following the approval of the Commission de Surveillance du Secteur Financier (CSSF).