Quintet Private Bank will open a new branch in Denmark, following the firm’s recent success in Switzerland and in line with their ambitious growth strategy.
The new branch will meet the long-term wealth management needs of Danish individuals and their families through a bespoke offering, combined with independent advice and open-architecture solutions.
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With €70bn ($82.24bn) assets under management, Quintet currently operates in 50 cities spanning Europe and plans to utilise its new presence in Denmark to drive further expansion across the neighbouring Nordic markets.
Group CEO, Jakob Stott, said: “We see enormous long-term opportunities to extend our highly personalized approach to wealth management to the Nordics, a region where independent thinking and entrepreneurship is part of the DNA”
Former executive director at UBS Wealth Management, Henrik Wyrwik, has been chosen to lead the new branch under Søren Kjaer. Former managing director for the Nordic Division at UBS Global Wealth Management, Kjaer oversees the firm’s operations in the Nordic region and the Grand Duchy.
Kjaer commented: “With a team of experienced and motivated colleagues who share the same commitment to doing the right thing for each client we serve, we will act with agility and energy to challenge the status quo”
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By GlobalDataQuintet’s original branch in Luxembourg also has a Nordic Desk, led by Ole Jensby. Previously executive director for the Nordic Division at UBS Global Wealth Management, Jensby has almost 25 years’ experience in the Grand Duchy and Denmark.
Kjaer believes Quintet’s considerable European presence will contribute to the firm’s future success: “Drawing upon the insight and resources of the wider Quintet family, everywhere we operate, we will seek to earn the trust of our clients and build a robust business that stands out from the crowd.”
In keeping with their expansion, Quintet will recruit additional staff in Denmark and Luxembourg dedicated to serving the Nordic client base.
Stott concluded: “We will continue to invest in the future so we can serve our clients better…at this extraordinary moment for the world, we will keep moving forward – one client at a time.”
Quintet has faced an eventful year balancing their expansion plans with a global pandemic. The firm also underwent major re-branding in January 2020 from KBL European Private Bankers to Quintet.
