The group operates in 50 European cities.

KBL European Private Bankers has appointed industry veteran Colin Price as group chief operating officer and member of its authorised management committee, subject to regulatory approval.

 Price – who has advised firms for 35 years – will oversee a wide range of support functions, including IT, operations, HR, marketing and real estate. He will also make a personal investment in KBL.

A former partner at PwC and McKinsey, Price set up his own boutique consultancy in 2014 and earlier served as chief executive of Heidrick Consulting, a division of Heidrick & Struggles. He has also served as a Visiting Professor at Imperial College London and as an Associate Fellow at Saïd Oxford, the business school of Oxford University.

A British national, Price holds degrees in economics, industrial relations and psychology, and organisational behaviour. He is the co-author of a number of books, including most recently Accelerating Performance: How Companies Can Mobilize, Execute and Transform with Agility.

Price will work alongside Eric Mansuy, who assumed the Group COO role last autumn; he has been named group chief information technology and operations officer, reflecting his areas of core expertise, and reports to Price.