Targeting the best

KBL European Private Bankers appoints Yves Stein new group CEO, «Yves Stein has been appointed group CEO by KBL European Private Bankers, taking over from Jacques Peters, the Luxembourg based financial provider. Stein was previously CEO of Union Bancaire Privée (Europe) in Luxembourg, and earlier was director general of Private Banking at BNP Paribas (Switzerland).…

Bank of Singapore opens European wealth management arm

Bank of Singapore, the private banking unit of OCBC Bank, has officially opened its European wealth management unit to cater to the region’s growing UHNW consumer base. Dubbed BOS Wealth Management Europe (BOSWM), the new subsidiary is based in Luxembourg and has a branch in London. Bank of Singapore CEO Bahren Shaari said: “Europe has…

Credit Suisse’s Luxembourg CEO exits

The chief executive officer of Credit Suisse (Luxembourg), Stéphane Herrmann, has left the private bank after two years in the role. His departure, which was first reported in the Swiss press, was confirmed to Citywire Selector by a spokesperson for the firm.   Herrmann has also relinquished his role as market leader Luxembourg IWM. The…

UBS Group AG: UBS Europe SE completes acquisition of Nordea’s Luxembourg-based private banking business

As announced in January 2018, the transaction covers the acquisition of part of Nordea Bank’s business and its integration onto UBS’ platform, thereby providing clients access to its global offering and local expertise. The decision followed a thorough strategic review of Nordea’s Private Banking International activities. The strategic review was part of the transformation of…