Quintet Private Bank has named Dr Thomas Heinzl as its next Group CEO, with the appointment set to take effect in the second quarter of 2026.
Heinzl is currently working as chief risk officer, chief financial officer and executive committee member at Bank Vontobel in Switzerland.
He joined Vontobel in 2020 following his tenure as chief operating officer at UBS Asset Management and at UBS Europe, Middle East & Africa.
Earlier in his career, Heinzl spent 12 years at McKinsey & Company in Zurich, San Francisco and other locations, advising major global financial institutions.
Quintet Private Bank board of directors chairman Hugo Bänziger said: “We are delighted to have attracted Thomas Heinzl, a highly respected and recognised leader in our industry who has extensive experience in global asset management.
“He has proven his ability to design and successfully implement transformative strategic changes. At the same time, he embodies an entrepreneurial spirit marked by ambition and drive.
“We are convinced that Thomas and his future team will be able to quickly and sustainably realise the extensive potential of our group.”
Heinzl will succeed Chris Allen, who has been leading Quintet since 2022 and will leave the organisation at the end of March 2026.
Bänziger added: “The Board of Directors would like to thank Chris for his work for the group.
“During his tenure, he made a significant contribution to steering Quintet through challenging times, returning the bank to year-on-year profitability and preparing the foundation for long-term growth.”
Based in Luxembourg, Quintet Private Bank operates across more than 30 cities in six countries. The bank serves high net worth individuals, family offices, foundations and institutional clients throughout the European Union (EU) and the UK.
It manages client assets of more than €100bn ($117.4bn) and maintains a CET1 capital ratio of 21%. Quintet reported a net profit of €68m ($80m) in 2024.
Quintet conducts business under established local brands, including Merck Finck in Germany and InsingerGilissen in the Netherlands.
In January last year, the company appointed Christine Lynch as group chief risk officer and a member of the authorised management committee.
“Quintet Private Bank appoints Thomas Heinzl as CEO ” was originally created and published by Private Banker International, a GlobalData owned brand.
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