The firm said that the new CEO, who has proven his ability to design and successfully implement transformative strategic changes, embodies an entrepreneurial spirit marked by ambition and drive.

The board of directors of Quintet Private Bank have appointed Bank Vontobel executive Dr Thomas Heinzl (pictured) as group CEO, succeeding Chris Allen.

Heinzl will assume his responsibilities as group CEO in the second quarter of 2026, the firm said in a statement. He will succeed Chris Allen, who has led Quintet since 2022. Allen will leave the bank at the end of March 2026 to embark on a new chapter in his professional journey. 

Heinzl, 55, is currently chief financial officer, chief risk officer and a member of the executive committee of Bank Vontobel in Switzerland. He joined Vontobel in 2020 after working as chief operating officer of Switzerland’s UBS Asset Management and COO of UBS Europe, Middle East & Africa.

Earlier, Heinzl worked for 12 years at McKinsey & Company in Zurich, San Francisco and other locations, ultimately becoming a partner responsible for advising leading global financial institutions.

“He has proven his ability to design and successfully implement transformative strategic changes. At the same time, he embodies an entrepreneurial spirit marked by ambition and drive,” Hugo Bänziger, chairman of the board of directors of Quintet Private Bank, said.

“The board of directors would like to thank Chris for his work for the group. During his tenure, he made a significant contribution to steering Quintet through challenging times, returning the bank to year-on-year profitability and preparing the foundation for long-term growth,” Bänziger added.

The move comes after the firm appointed three new members to join its board of directors in September. See more here.

Luxembourg-headquartered Quintet Private Bank (Europe) is a pan-European private banking and wealth management group operating in more than 30 cities across six countries. Founded in 1949, Quintet blends the boutique character of traditional private banking with the scale and reach of a leading continental group, serving high net worth individuals, family offices, foundations, and institutional clients across the European Union and the UK.

Quintet oversees total client assets exceeding €100 billion ($118 billion), operating under local brands: Merck Finck in Germany, InsingerGilissen in the Netherlands, Brown Shipley in the UK, Puilaetco in Belgium, and Quintet in Luxembourg and Denmark.