Thomas Klein, who joined Quintet Private Bank in Luxembourg two years ago and heads its European asset servicing business, has been promoted to CEO of Quintet Luxembourg. In this role, he will lead 300 staff, including 50 client advisors, based in the grand duchy.
His predecessor, Michael Savenay, will take over the management of Merck Finck, Quintet group’s German branch. Savenay previously held the position of head of sales, products & services at Merck Finck, before being appointed CEO of Quintet Luxembourg in March 2021.
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Klein, who has more than 20 years of experience in the grand duchy, will also continue to hold the position of group head of asset servicing. In this role, he leads a team responsible for developing the bank’s portfolio of institutional and private clients--including family offices, investment funds, corporates and private equity firms--requiring custody and execution services.
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A German national, Klein studied at the Frankfurt School of Finance and the University of Trier. Prior to joining Quintet in 2020, he held the position of head of service delivery, asset servicing, and was a member of the executive business committee at UBS Luxembourg. Earlier in his career, he was chief risk officer at UBS Luxembourg, with responsibilities spanning all European branches. He worked at UBS from 2011 until his departure.
He started his career as a private banker at Deutsche Bank, before moving into compliance at Hauck & Aufhäuser.
Originally published in French by and translated for Delano