In a challenging environment, Luxembourg-headquartered Quintet Private Bank (pictured), parent of Brown Shipley, posted mixed 2025 financial results yesterday.

Quintet Private Bank yesterday reported a slight drop in full-year net profits to €66.3 million ($76 million) in 2025, compared with €68 million in 2024. The group’s cost-to-income ratio declined to 84.4 per cent from 86.6 per cent in the previous year.

Total group income for 2025 was down slightly at €552.7 million, compared with €571.8 million in 2024, reflecting lower net interest income in a softer rate environment. Group costs declined to €466.2 million from €495.1 million the previous year.

Total client assets stood at €105.1 billion, up from €100.6 billion at the end of 2024. This increase reflects growth in both private banking assets under management and institutional assets under custody, highlighting the expansion of Quintet’s client franchise, the firm said in a statement.

“Few years in recent memory have produced such rapid geopolitical shifts,” Hugo Bänziger, chairman of the board of directors of Quintet Private Bank, said. “To navigate this increasingly complex environment, we strengthened our long-term stewardship by welcoming three new directors to the board, adding depth across finance, markets, technology and risk. At the same time, the appointment of Thomas Heinzl as group CEO, effective April 13, marks an important evolution in our leadership.” See here.

The bank also appointed Lars Kalbreier on Friday as group chief investment officer, effective June 2026, subject to regulatory approval, and replacing Bryan Crawford who has decided to step down.

“As we look to 2026 and beyond, we will continue to optimise our operating model to increase efficiency and free up more time for meaningful client engagement,” Bänziger continued. “Technology and AI will significantly streamline the way we work, but our communication will always remain deeply personal. Preserving human relationships is – and will remain – at the heart of our private banking vision.”

Quintet operates under local brands with local heritage: Merck Finck in Germany, InsingerGilissen in the Netherlands, Brown Shipley in the UK, Puilaetco in Belgium, and Quintet in Luxembourg and Denmark.