Quintet Private Bank has confirmed that its Group CEO, Jürg Zeltner, passed away on 22 January 2020, aged 52.
Zeltner, who was also a member of the board of directors, is survived by his wife and two children. His health issue was diagnosed last year.
“On behalf of Quintet’s Board of Directors, shareholders, management and 2,000 employees, we extend our deepest sympathies to Jürg’s family at this extremely difficult time,” said Jan Maarten de Jong, Chairman of the Board of Directors.
“We are enormously grateful to Jürg for his visionary leadership and invaluable contribution in defining a long-term growth strategy for our firm. We will miss his presence as an inspiring colleague and man of great intelligence, integrity and honour.”
The board has approved the hiring of interim group CEO Jakob Stott as Zeltner’s successor. Stott has been heavily involved since summer 2019 when he was named wealth management CEO.
Furthermore, in his capacity as group CEO, Stott will aim to ensure that Quintet continues to pursue its strategic plans. Its plans remain unchanged and endorsed by the board and by Quintet’s shareholders. It also maintains that it will focus on doing the right thing for the individuals and families it serves.
Founded in Luxembourg, the group introduced the new name at a time it was making major investments, expanding its service offers, and extending its global reach.
The pan-European group, parent of London-based Brown Shipley, has also rebranded KBL Luxembourg as Quintet Luxembourg and KBL España as Quintet España.
Brown Shipley, InsingerGillissen in the Netherlands, Merck Finck in Germany, and Puilaetco (Belgium and Luxembourg) will all be known as Quintet private banks.
All brands will adopt a shared corporate identity, illustrated by five interlocking rings. Also, the name was inspired by a symbol of the five senses and five fingers on a hand.