The Luxembourg private bank is hiring a veteran of UBS to organize services like global custody and execution to family offices, investment funds, corporates and private investment companies.
Quintet is hiring Thomas Klein (pictured below) as its head of asset servicing for financial intermediaries, according to a statement. Most recently, Klein held a similar role at UBS' Luxembourg arm and before that was the Swiss wealth manager's risk chief for the country.
Klein joins former colleague Stephan Matti, an UBS lifer who became a partner at Quintet in 2019 and oversees all business with intermediaries. He will report to Thomas Rodermann, another ex-UBS banker who now oversee's Quintet's European hub, as well as to Matti.
Controlled by Qatar's ruling al-Thani family, Quintet has hired copiously from UBS, including most recently operating chief Eli Leennars, who begins on June 1. The private banking group's revival was the brainchild of Juerg Zeltner, UBS' former long-standing private bank head. Zeltner died last March.
