KBL European Private Bankers (KBL epb), a private bank based in Luxembourg, has named ex-UBS Wealth Management head Jürg Zeltner as its new group CEO.
Zeltner will succeed Peter Vandekerckhove and join the company’s board.
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Vandekerckhove will also retain his board seat.
At the same time, Vandekerckhove will continue to sit on the board of the group’s Belgian unit Puilaetco Dewaay.
Additionally, KBL epb has appointed Jakob Stott as CEO of wealth management and executive committee member.
Stott too joins from UBS Wealth Management, where he latterly was vice-chairman and previously headed the Europe business.
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By GlobalDataHe formerly served as the COO of J.P. Morgan.
The appointments are pending regulatory nod.
In the new roles, Zeltner and Stott will manage key investments.
“Both will personally participate in the group’s long-term success through significant co-investments,” the private bank said.
KBL epb chairman of the board of directors Jan Maarten de Jong said: “We are very grateful to Peter Vandekerckhove for making KBL epb a more collaborative and client-centric organisation, with a shared, single-minded commitment to earning client trust and recommendation.
“At the same time, we look forward to welcoming Jürg Zeltner and Jakob Stott, who will accelerate the group’s growth based on those strong fundamentals.
“Drawing upon their experience as global industry leaders, Jürg and Jakob will work closely with their Executive Committee colleagues to significantly expand the group’s ambitions.”
