Quintet Private Bank: A brief history

Kredietbank Luxembourg is founded 1949. The five-person firm – led by CEO Constant Franssens – provides financial support to industry, commerce and the public sector in the Grand Duchy.
1960
Cold War intensifies & Europe enters economic golden age
1961
First bond issue
KBL issues the first international bond loan in European Currency Units – a basket of currencies used by the European community as the unit of account before being replaced by the euro. KBL then frequently operates as a lead and co-lead manager for bank operations in the euro market
First bond issue
1963
First international loan denominated in US dollars
The Interest Equalization Tax is introduced, along with export restrictions imposed by American authorities, creating the perfect opportunity for KBL to increase its areas of operation. This year sees KBL’s first international loan denominated in US dollars
First international loan denominated in US dollars
1965
Financial holding company introduced
Initiated by KBL, the Luxembourg authorities allow for the creation of “financial holding companies,” a structure that facilitates the funding of numerous international industrial groups via Eurobonds
Financial holding company introduced
1966
Constant Franssens appointed CEO
In 1966, Constant Franssens is appointed CEO, a position he would hold until 1988. From 1979-81, Franssens also heads the ABBL (Association des Banques et Banquiers, Luxembourg)
Constant Franssens appointed CEO
1967
KBL engages in Eurobond trading
KBL begins playing an important role in the organization of the secondary Eurobonds market. It also becomes involved in the development and implementation of a settlement system for transactions in Europe
KBL engages in Eurobond trading
1970s
Arab oil embargo shocks global economy & US experiences sustained stagflation
1970
Founding of CEDEL
In 1970, KBL participates in the foundation of CEDEL (Centrale de Livraison Neutre et Indépendant), a securities clearing company that allows professionals to trade Eurobonds quickly and efficiently.
Founding of CEDEL
1974
First-place ranking in Eurobond issues
KBL strengthens its role as an issuer of Eurobonds. In 1974, its lead and co-lead managers are ranked number one for Eurobond issues
First-place ranking in Eurobond issues
1980s
Berlin Wall falls, Japanese asset price bubble rises & global markets collapse on Black Monday
1981
First ECU loan granted
KBL is at the forefront of the implementation of the ECU, a new European currency. It is the first bank to grant a loan in ECU, for an Italian telecommunications company
First ECU loan granted
1986
KBL invests abroad
In a clear sign of the focus of the Luxembourg-based bank on future geographic expansion, KBL invests in Brown Shipley Holdings, parent of UK-based private bank Brown Shipley & Co, which is wholly acquired by KBL six years later
KBL invests abroad
1988
Jean Adant appointed CEO
Jean Adant is appointed CEO of KBL. With significant expertise in finance and banking, he leads the long-term reorientation of the group, making private banking a pillar of its operations
Jean Adant appointed CEO
1990s
Dotcom bubble rises & Japanese assets price bubble bursts
1990
Private banking becomes new pillar
With extensive experience in international wealth management, KBL decides to make private banking a new pillar of its operations. The bank implements a new strategy before beginning a busy period of European acquisitions, supporting growth and diversification.
Private banking becomes new pillar
1992
KBL acquires Brown Shipley
Brown Shipley & Co Ltd is acquired by KBL. Brown Shipley subsequently makes its own acquisitions of brokerage Cawood Smithie, private client investment manager Henry Cooke, and pensions and investment manager Fairmount Group Plc
KBL acquires Brown Shipley
1993
Damien Wigny appointed CEO
Damien Wigny is appointed CEO of KBL and leads the bank until 2003. His broad talents and diplomatic skills are the driving forces behind the seamless development of the European private banking group
Damien Wigny appointed CEO
1999
KBL acquires Merck Finck
Merck Finck & Co, a leader in German private banking, is the next in a series of acquisitions made by KBL. With branches throughout Germany and a solid reputation among HNWI and institutional clients, this acquisition is a milestone in the development of the group
KBL acquires Merck Finck
2000s
Global financial crisis begins, dotcom bubble bursts & euro enters circulation
2003
Etienne Verwilghen appointed CEO
Etienne Verwilghen is appointed CEO of KBL. His deep knowledge of markets proves especially valuable during his leadership tenure at KBL, which lasts until 2010 and is marked by acquisitions in Belgium and France. KBL further extends its geographic reach by acquiring Theodoor Gilissen Private Bankers, a highly regarded Dutch private bank headquartered in Amsterdam and founded in 1881
Etienne Verwilghen appointed CEO
2004
Quintet acquires Puilaetco
Quintet Private Bank acquires Puilaetco, a Belgian private bank founded in 1868; headquartered in Brussels, Puilaetco operates seven branches across the country.
Quintet acquires Puilaetco
2005
KBL joins KBC
Brussels-headquartered KBC Group, already a majority shareholder of KBL, wholly acquires the Luxembourg-based private banking group through a share buyback scheme
KBL joins KBC
2008
Launch of Global Investor Services
KBL's Global Investor Services department is launched to provide financial services and investment solutions to meet the specific needs of institutional and professional investors Kredietbank becomes KBL epb KBL is rebranded KBL European Private Bankers. The new name and logo reflect the bank's pan-European vision and local roots
Launch of Global Investor Services
2010
Emerging markets accelerate growth & global economy recovers
2010
Founding of KBL España
To establish a foothold in the very large Spanish market, KBL epb opens a subsidiary headquartered in Madrid known as KBL España and led by industry veteran Rafael Grau
Founding of KBL España
2012
Precision Capital acquires KBL epb
KBL epb is acquired by Precision Capital, a Luxembourg-based bank holding company that is strongly supportive of the group’s long-term growth strategy
Precision Capital acquires KBL epb
2014
Acquisition of UBS Belgium
Quintet Private Bank’s Belgian affiliate, Puilaetco, enters into an agreement with UBS to acquire its Belgian operations. The acquisition adds substantial scale to Puilaetco, positioning it as a top three pure-play private bank in Belgium.
Acquisition of UBS Belgium
2015
Acquisition of Hampton Dean
Brown Shipley, KBL epb’s UK affiliate, acquires Hampton Dean, a chartered independent firm of financial planners. This acquisition further strengthens the operations of Brown Shipley, particularly in the area of wealth planning, and expands its UK footprint to six cities, including Nottingham.
Acquisition of Hampton Dean
2016
Acquisition of The Roberts Partnership
KBL epb's UK affiliate, Brown Shipley, acquires The Roberts Partnership, a financial planning and wealth management firm with 20 staff and over €500 million in assets under management. The acquisition is in line with Brown Shipley's strategy to build and deliver a leading financial advice proposition for its clients.
Acquisition of The Roberts Partnership
2017
Launch of InsingerGilissen
Following the closing of the acquisition of Insinger de Beaufort by KBL epb in January 2017, InsingerGilissen was born from the merger of Theodoor Gilissen and Insinger de Beaufort. InsingerGilissen operates in six cities in the Netherlands, employs over 300 staff and manages some €25 billion. A pure-play private bank, it offers a wide range of asset management, advisory, financial planning and administration, and custody services.
Launch of InsingerGilissen
2020
KBL epb rebranded as Quintet Private Bank
KBL European Private Bankers changes its name to Quintet Private Bank, reflecting a deep, positive and ongoing change process, informed by new strategic priorities.
KBL epb rebranded as Quintet Private Bank
Photograph of the Quintet Headquarter building
Today
A once-small Luxembourg-based firm, Quintet Private Bank is today a leading private banking group, currently operating in 50 cities spanning Europe and with significant growth ambitions.

Everywhere we operate, we are guided by the same ambition: To earn your trust through an unwavering commitment to doing the right thing, growing and protecting your wealth as if it were our own.
Always there for you wherever you are
At Quintet, we pride ourselves on being small enough to really get to know you, yet big enough to give you easy access to the best the world of finance has to offer. Whatever your needs, we will provide objective insights, advice, products and services tailored to your personal goals. And with offices in 50 European cities we are always there for you wherever you are. Why not come and talk with us today?
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