Quintet Private Bank is a medium-sized Luxembourg-headquartered bank and wealth manager. It was founded in 1949 by Belgium's Kredietbank as Kredietbank Luxembourg (KBL), later rebranded KBL European Private Bankers or KBL ebp, and to its present name in 2020. Since 2011, it has been owned by members of the Al-Thani family of Qatar through the holding Precision Capital.[1][2] The bank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]
History
On May 23, 1949, the Brussels-headquartered Kredietbank registered Kredietbank Luxembourg (KBL) as a bank in the Grand Duchy. KBL opened its doors a few months later. In the early days, it had only five employees on its payroll, including the CEO, Constant Franssens.