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23 May 2013

KBL epb introduces three new members of senior management team 

Executive Committee members outline individual roles, shared commitment to realization of Group’s 2015 vision

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Highlighting its commitment to engaging in dialogue with all its stakeholders, KBL European Private Bankers (KBL epb) today formally introduced three new members of its senior management team, each of whom outlined his role in supporting the realization of the Group’s vision to become a top 20 European private bank by 2015.

The three recent appointees to the Executive Committee of KBL epb include: Frédéric Genet, CEO, Professional Services; Marc Lauwers, Chief Operating Officer; and Yves Stein, CEO, Private Banking.

Each of these Luxembourg-based senior financial services professionals has assumed responsibility at a Group level, spanning KBL epb’s presence in nine countries across Europe.

As CEO, Professional Services, Genet is focused on reinforcing the services provided by the Group’s Global Investor Services, Global Financial Markets, Assets & Liabilities Management and Credit departments. Prior to joining KBL epb, Genet served as CEO of Société Générale Bank & Trust, the second-largest bank in Luxembourg.

Lauwers, who most recently served as Head of Retail and Commercial Banking at Belfius Bank in Belgium, has three primary mandates at KBL epb: operations, IT and facilities & logistics. Earlier, he served as Chief Operating Officer at Dexia Bank Belgium and as CEO of Dexia Banka Slovensko, based in Slovakia.

In the critical role of CEO, Private Banking, Stein will drive the growth of the Group’s core private banking franchise in Europe and internationally. He earlier 2 served as CEO of Union Bancaire Privée (Europe) in Luxembourg and as Director General, Private Banking, at BNP Paribas (Switzerland).

Genet, Lauwers and Stein join existing Executive Committee members Jacques Peters, Group CEO; Olivier de Jamblinne de Meux, CEO, Luxembourg; and Yves Pitsaer, Chief Finance and Risk Officer.

“We have moved rapidly to enhance our governance structures, appointing a range of driven and dynamic individuals to support our ambitious growth plans,” said Peters, noting that, since the start of 2013, KBL epb has also appointed new heads of information technology, communications and legal.

“At every level and across our network, we are focused on ensuring that we attract and retain the best people – and that we support them with the tools and training they need to unlock their full potential,” he said. “The appointment of Yves Stein, Frédéric Genet and Marc Lauwers underscores our commitment in this regard.”

Collectively, the KBL epb Executive Committee is focused on reaching Group profitability targets of €50 million in 2013 and €100 million by 2015.

With the full support of its shareholder, the Group is seeking to achieve critical mass across its network – including through planned acquisitions in select markets such as France, the Netherlands and Spain – to ensure that each entity has a minimum of €5 billion in assets under management.

Currently, the Group manages some €80 billion, including €41 billion in assets under management and €39 billion in assets under custody.

KBL epb is also investing significant resources in the onshorization process, which is being supported by enhanced cross-border cooperation among Group entities.

At the same time, KBL epb is increasingly seizing emerging opportunities abroad, including in high-growth markets such as the Middle East, Asia and Latin America. Reflecting those ambitions, senior bank staff recently participated in a trade mission to the United Arab Emirates and Saudi Arabia, led by Luxembourg Finance Minister Luc Frieden.