Quintet Private Bank has named Chris Allen, former HSBC head of global private banking, EMEA, as group CEO. 

Quintet Private Bank has appointed Chris Allen as group CEO, subject to regulatory approval, to bring the firm into the next stage of its long-term growth.

Starting the role on 1 July 2022, Allen will bring 30 years of financial services experience to Quintet. He spent the past 15 years at HSBC where he served in a variety of roles, including CEO of alternative investments, CEO of HSBC private bank UK and head of global private banking Europe, Middle East and Africa. In the latter capacity, he oversaw activities in 20 client markets across six booking centres with some €150 billion ($156 billion) in assets under management. Earlier in his career, he served as executive director at Colliers Capital, where he focused on growing the firm’s fund management business, and as head of real estate fund management at a Middle East bank. 

He will replace Jakob Stott, who has decided to leave the firm following a brief transition. Stott oversaw key projects such as the merger of Quintet’s EU-based subsidiaries. 

Welcoming Allen to the firm, Rory Tapner, chairman of the board of directors, said: “He will apply his experience and energy as he accelerates Quintet’s long-term growth – further strengthening our firm’s fundamentals and driving the business forward.”  

Quintet Private Bank (Europe) S.A., founded in 1949, is based in Luxembourg and operates in 50 cities across Europe, staffed by 2,000 professionals. It serves wealthy individuals and their families, as well as a broad range of institutional and professional clients, including family offices, foundations and external asset managers. Its family of private banks includes Brown Shipley (UK), InsingerGilissen (Netherlands), Merck Finck (Germany), Puilaetco (Belgium), Quintet Danmark (Denmark) Quintet Luxembourg.