Type Société anonyme Revenue €549.28 million (2011) Number of employees 2,339 | Industry Financial services Founded 1949 Parent organization Precision Capital | |
 | ||
Headquarters Luxembourg,
Grand Duchy of Luxembourg Key people Yves Stein (Group CEO)
Olivier de Jamblinne
(Board member)
Marc Lauwers (Board member)
Yves Pitsaer (Board member) Products Banking
and insurance< Assets under management 44.3 billion EUR (end 2011) Net income 20.11 million EUR (end 2011) Total assets 14.75 billion EUR (end 2011) Subsidiaries Brown, Shipley & Co., Merck Finck & Co. | ||
Overview
KBL European Private Bankers (KBL epb), founded in 1949, is headquartered in Luxembourg with a pan-European presence in nine countries. With over 2,000 staff and €41 billion in assets under management and €39 billion in assets under custody (as of December 31, 2012), KBL epb is widely recognized as a private banking leader.
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The group provides a range of additional investment solutions through its Global Investor Services, Global Financial Markets and Asset Management departments. The group has subsidiaries across eight European countries: Belgium, France, Germany, Luxembourg, Monaco, Netherlands, Spain and the United Kingdom.
With the full support of its shareholder, Precision Capital, a Luxembourg-based bank holding company, KBL epb is consolidating its presence across Europe and expanding its horizons to capture future opportunities in high-growth emerging markets, including the Middle East and Asia. Precision Capital is ultimately owned by members of the Al Thani family of Qatar.
History
On May 23, 1949, Kredietbank Luxembourg officially became a registered bank in the Grand Duchy and opened its doors a few months later.
In the early days, KBL had only five employees on its payroll, including the CEO, Constant Franssens.
Since its founding, KBL epb has continued to expand across Europe through organic and inorganic growth. Its offerings have increased as well to include, for example, global investor services, life insurance and credit.