Quintet Private Bank

Quintet Private Bank, founded in 1949, is headquartered in Luxembourg with a presence in 50 European cities. Claims over 2,000 staff and €96.6 billion in total client assets (as of December 31, 2021). [5] [6] It is owned by Precision Capital, a Luxembourg-based bank holding company controlled by members of the Al Thani family of Qatar.[7][8]

Quintet provides wealth management and additional investment services through its Financial Intermediaries and Asset Servicing business lines. Quintet has subsidiaries in European countries: Puilaetco in Belgium, Merck Finck Privatbankiers in Germany, Quintet Luxembourg in Luxembourg, InsingerGIlissen in Netherlands and Brown Shipley in the United Kingdom. In 2020, Quintet opened for business in Denmark. [9][10][11][12]

Quintet's Financial Intermediaries business line provides a range of services for external asset managers and multi-family offices. These include custody and execution services as well as access to CIO research, lending, private markets investments and structured products. Quintet's Financial Intermediaries business line operates in the UK, Luxembourg, Belgium and Netherlands. Quintet's Asset Servicing business line provides a range of services for asset managers, insurance companies and banks. These include: fund services for institutional and private investors and for independent asset managers; custody services, trading and lending facilities. As an independent depository, Quintet maintains an open-architecture platform that is connected to a high number of external fund administrators and management companies in Luxembourg.[13][14][15][16][17][18][19]

On May 23, 1949, Kredietbank Luxembourg officially became a registered bank in the Grand Duchy and opened its doors a few months later.

In the early days, Quintet had only five employees on its payroll, including the CEO, Constant Franssens.

Since its founding, Quintet has continued to expand across Europe through organic and inorganic growth. In January 2020 KBL epb was renamed Quintet Private Bank.

Quintet Private Bank is owned by Luxembourg incorporated holding company Precision Capital. Precision Capital banking group was supervised by European Central Bank directly due to its size.[20] Quintet's sister bank Banque Internationale à Luxembourg was sold by Precision Capital in 2017 to Legend Holdings.

Precision Capital by House of Al Thani of Qatar holds 99.9% [21] of Quintet Private Bank.[22] It was reported that Precision Capital is owned by Hamad bin Jassim bin Jaber Al Thani, former Prime Minister of Qatar[23] and a distant relative of the Emir of Qatar.