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Quintet Private Bank, headquartered in Luxembourg and operating across Europe and the UK, announced today its positive 2024 financial results, including a full-year net profit of €68 million, up 45% from €46.9 million in 2023.

Following a 12-month period when the global economy demonstrated surprising resilience, the outlook for 2025 suggests a return to more normalized growth. Such growth is expected to be led by the United States – with forecast annual GDP expansion of 2.5% – with the UK and eurozone lagging at 1.5% and 0.8%, respectively.

European high net worth individuals (HNWIs) are broadly confident about the future, but many have not yet started planning for it, according to The Rise of Generational Wealth: 2024 Quintet/BlackRock European Wealth Insights, a survey of HNWIs in Belgium, Germany, the Netherlands and the UK.

Thomas Klein appointed Group Head of Asset Servicing & Financial Intermediaries

Luxembourg-headquartered private bank recruits team of five experienced Finnish wealth management professionals and launches Finnish Desk

As key elections approach that could shape the policy landscape, Quintet highlights the dynamics that will drive the global economy and financial markets over the second half of 2024 and beyond