Former UBS heavyweight Juerg Zeltner continues to snap up private bankers for KBL. The Luxembourg wealth manager is hiring a former Edmond de Rothschild executive for its domestic market.
KBL is hiring Emmanuel Fievet (pictured below) to run its Luxembourg arm, effective immediately, the bank said in a statement on Wednesday. The 50-year-old left his job as CEO of Edmond de Rothschild Swiss arm earlier this year, when the eponymous family took the wealth manager private.
Fievet, who is Belgian, replaces Carlo Friob, who leaves KBL after five years. Before joining Rothschild in 2014, Fievet worked in Barclays' U.K. wealth arm, at UBS, Citigroup, and J.P. Morgan.
Zeltner is actively recruiting: on Tuesday, finews.com reported that the KBL boss had hired Kris Tegg, the former UBS banker behind robo adviser Smartwealth. KBL has also Zeltner has enlisted ex-Europe boss Jakob Stott and former finance executive Dagmer Kamber-Borens from UBS as well as Colin Price, who has worked extensively as a consultant for UBS
KBL, controlled by Qatar's ruling al-Thani family, is aiming to reinvent itself into a Pictet-style partnership. Its eight disparate European wealth brands are poised to be unified, underscored with a savvy digital presence.
