Among the details, Quintet flagged recruitment plans and a substantial rise in assets and overall profitability of its new QFS offering, a business-to-business platform that replaces previous infrastructure.

Quintet Private Bank, the European private banking and wealth management group headquartered in Luxembourg – parent of Brown Shipley – has launched QFS, a B2B platform for institutional and professional investors across Europe and the UK.

The platform is delivered through entities including Brown Shipley in the UK. 

QFS replaces Quintet’s previous Asset Servicing & Financial Intermediaries structure, reflecting a sharper focus on accelerating growth in the group’s institutional business, including services delivered to UK clients through Brown Shipley, where demand for such specialist services is continuing to evolve, Quintet said. 

The business will also invest in digital infrastructure, including a new B2B portal and technology-enabled workflows to enhance platform capabilities and support scalable growth throughout the business. Quintet plans to recruit professionals with experience of serving institutional and professional investors; it also wants to significantly increase both the total assets and overall profitability of QFS by the end of 2028.

“The journey started many years ago. The introduction of QFS reflects a repositioning of our institutional offering as we aim to further accelerate growth. We are investing in the digital journey, including artificial intelligence, to serve clients more efficiently while always maintaining close proximity to them. That is the core promise of QFS: Digital and close to you," Thomas Klein, group head of Quintet Financial Services at Quintet Private Bank told WealthBriefing.

Positioned as a distinct B2B business line, QFS will strengthen the Quintet's ability to meet the evolving needs of intermediaries and institutional clients, it said.

QFS operates a digital-first operating model, combining modern infrastructure with specialist expertise. Teams in Luxembourg, the Netherlands, Belgium and the UK (as applicable) provide, principal-to-principal client support. QFS will continue to expand its product offering and capabilities over time. Focus areas include liquid and alternative funds, fund depositary services, life insurance custody and innovative digital assets services – such as crypto custody – delivered through regulated entities and, where applicable, strategic partnerships. 

“The launch of QFS reflects our focused commitment to serving institutional and professional investors with clarity and confidence,” Klein said. “Firmly anchored within Quintet, we combine a digital-first approach and local expertise with the group’s strength and discipline, bringing a distinct institutional focus to how we organise and deliver these activities across Quintet’s regulated entities.”

“Our focus has been on becoming a trusted, agile partner to intermediaries, combining deep sector expertise with a forward-looking approach. That has enabled us to deliver consistent, long-term value for our partners and their clients,” Philipp Iarmaltchouk, who leads FIM activities at Brown Shipley, added.