Luxembourg-headquartered Quintet Private Bank is reinforcing its European leadership with consistent profitability, cross-border teamwork and a distinctive partnership model.
Quintet Private Bank has emerged as one of Europe’s most resilient private banking groups, combining a steady financial performance with client-first thinking. Headquartered in Luxembourg, the bank operates across more than 30 cities and markets through its family of local brands – Brown Shipley in the UK, Merck Finck in Germany, InsingerGilissen in the Netherlands, Puilaetco in Belgium and Quintet Danmark in Denmark. Together, these institutions form a cohesive network that blends deep local insight with shared European strength.
Quintet reported its third consecutive year of increased profitability in 2024, with net profit rising to €68m ($78.7m) from €46.9m in 2023, a 45% year-on-year increase. Total client assets climbed to €100.6 billion, supported by a 10% rise in high-net-worth assets and a 5% expansion in client base. This performance reflects strong market positioning amid slower economic growth and a disciplined approach to cost management, with the cost-to-income ratio holding steady at 86.7% despite inflationary pressures.
Partnership-led innovation
Quintet’s model focuses on doing more for clients through both collaboration and scale. Its open-architecture approach allows it to bring the best of the market to every client relationship, supported by partnerships that expand both opportunity and choice.
The alliance with the US’ BlackRock, for example, underpins a series of multi-manager Undertakings for Collective Investment in Transferable Securities (UCITS) funds launched in 2024 and the Future+ sustainable investment mandate. These products combine independent advice with the strength of institutional-scale insight, enabling clients to align their portfolios with long-term ESG priorities without compromising on performance.
A separate partnership with Germany’s Moonfare further differentiates Quintet’s offering, giving clients direct access to private-market funds via a digital platform that integrates analytics, reporting, and investment guidance. This approach mirrors Quintet’s broader philosophy of ‘Protect and Grow’, maintaining diversification while seeking new sources of value in a changing investment landscape.
Generational foresight
Beyond portfolio management, Quintet is taking a leadership role in preparing Europe’s wealthy families for intergenerational transition. Its Rise of Generational Wealth study, produced with BlackRock, explores the shifting attitudes of younger investors and how inheritance, sustainability, and technology are reshaping the wealth conversation.
These insights inform Quintet’s educational initiatives for next-generation clients, from succession planning to stewardship and responsible investing. The bank recognises the next era of wealth management will be defined as much by understanding values as by managing value.
With a Common Equity Tier 1 ratio of 20.3% and a leverage ratio of 6.3%, Quintet maintains one of the strongest capital positions in its peer group. It also continues to invest in people and capability, adding more than 45 client-facing professionals and launching a Finnish desk in Luxembourg in 2024 to deepen regional expertise and expand its Nordic reach.
Metrics That Matter
- €68m 2024 net profit, up 45% year-on-year
- €100.6bn Total client assets under management
- 10% Growth in high-net-worth individual assets
- 3% Common Equity Tier 1 ratio