On November 11th, Quintet Private Bank – headquartered in Luxembourg and operating in 50 European cities, including Copenhagen – announced that it will shortly open a second office in Denmark as part of its long-term Nordic expansion strategy. The firm’s activities in Denmark’s second-largest city will be led by Jacob Meincke, who was recently appointed Market Head, Aarhus, at Quintet.
With the shared objectives of enhancing and strengthening their capabilities in the UK, the two groups have announced, on October 26, agreement of a combined venture which aims to create deeper value for their private clients.
The latest Deloitte Private and ArtTactic Art & Finance report reveals striking trends regarding a new generation of collectors and alternative investment trends over a 10-year retrospective.
A turnover of 490 million and revenues of 432.3 million, up 5.8%, PwC did better than expected for the fiscal year 2021, spanning from July 2020 to June 2021.
Suntera Global has made its second Luxembourg acquisition of the year as it looks to further enhance its presence in the jurisdiction and strengthen its European platform. Following the acquisition in August of Reference Financial Services SA (Luxembourg), Suntera Global has now signed an agreement to acquire fund and corporate services firm NeoTrust Fiduciary Luxembourg SARL (“NeoTrust”).
Assets under management increased 9.3% in retail banking and 9% in private banking, reaching 92.4 billion and 508 billion euros respectively. Private banking has thus shown 12 years of uninterrupted growth since 2008, with assets growing by 130%.
East-West United Bank (EWUB) announced the appointment of David Hagen as an independent member of the bank's Board of Directors.
BGL BNP Paribas has released its 2021 Global Entrepreneur & Family Report.
East-West United Bank (EWUB) expands the range of its services. Now Investment Advisory is available for EWUB private banking clients.
As a result of the crisis and clients’ changing priorities, the private banking sector has had to adapt the way it communicates and the services it offers its clients. In wealth management, proximity and personalised advice is more important than ever in the era of social distancing. Cédric Weisse (Head of Retail, Affluent & Private banking, BIL) discusses trends and challenges in the sector in response to the crisis.