KBL bolsters leadership

KBL bolsters leadership

Luxembourg private bank KBL has expanded its executive committee with three senior appointments.

Nicholas Harvey, joins from Precision Capital to take on the role of deputy CEO at KBL from Q2 on, subject to regulatory approval.

Precision Capital,  which represents the private interests of members of the Al-Thani family of Qatar has acquired a 99.9% stake in KBL in 2012 and an 89.9% stake in Banque Internationale à Luxembourg (BIL). However, it sold the latter to Hong Kong-listed investment group Legend Holdings.

In his new role, Harvey will be in charge of group strategy as well as mergers and acquisitions. At Precision Capital, he spent five years as Luxembourg-based deputy CEO.

Following the retirement of Yves Pitsaer – who served as group chief risk officer & Regulatory Affairs – those functions will be shared between Siegfried Marissens, secretary seneral of KBL epb, who will assume additional responsibility for Compliance and Regulatory Affairs, and Anthony Swings, who has been named group chief risk officer.

The appointments of Marissens and Swings are effective immediately, subject to regulatory approval.

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