Edmond de Rothschild (Europe) has named Yves Stein as its new CEO, replacing Bernard Coucke.

Stein will take on the new responsibility on 1 May 2019.

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He joined the board of Edmond de Rothschild (Europe) last year.

He started his career at Banque Générale du Luxembourg and formerly headed KBL EPB group.

His three-decade long private banking career also includes stints as the CEO of Fortis Private Banking Group, wealth management CEO of BNP Paribas (Switzerland), and CEO of UBP (Europe) in Luxembourg.

“I am delighted to take up the challenges provided by this appointment at Edmond de Rothschild (Europe), i.e. developing the business and leading the teams through the major transformations in our industry, notably in terms of technologies and new generations of clients,” Stein noted.

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Meanwhile, Coucke is quitting the firm to pursue new projects.

Edmond de Rothschild Group CEO Vincent Taupin said: “We are delighted to welcome Yves Stein, who, through his seasoned experience in private banking and managerial skills, will lead the Edmond de Rothschild (Europe) teams into a new ambitious stage of development.

“We are able to turn this new page thanks to the remarkable efforts of Bernard Coucke with our teams since he joined the company.”

Taupin was appointed as the group CEO earlier this month.