Following the stepping down of current group CEO, Jacques Peters, KBL European Private Bankers (KBL epb) have appointed Yves Stein, CEO of private banking, as his replacement.
Stein has been the CEO of private banking for the past year and will become group CEO at the beginning of February. Prior to his current position, he was CEO of Union Bancaire Privee and Director General of private banking at BNP Paribas.
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In addition, COO Marc Lauwers will assume the responsibility of Deputy Group CEO. Moreover, three new members have been appointed to the Board of Directors. These include Ernst Wilhelm Contzen, former CEO of Deutsche Bank Luxembourg, Alfred Bouckaert, former chairman of Belfius Bank, and Nicholas Harvey, deputy CEO of Precision Capital, a shareholder in KBL epb.
Stein said: "2013 was a successful year for the group, both financially and strategically: we considerably strengthened our franchise across Europe, putting us well on track to realise our vision to become a top 20 European private bank by 2015."
On his appointment, he added: "It is a privilege to assume the role of Chairman of the Board of KBL European Private bankers. With its experienced staff, strong management team, esteemed Board members and the long-term support of its shareholder, KBL epb will continue to build upon its pan-European platform in the years to come."
Luxembourg-based KBL epb is one of Europe’s largest onshore private banking groups with five billion euros in assets under management.
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