Quintet's family of private banks cover a number of European jurisdictions. The new COO has served in senior roles at UBS, and ING Group, among others.
Quintet Private Bank, the Luxembourg group of European banks, has named a former UBS senior figure, Eli Leenaars, as group chief operating officer, taking effect from 1 June this year.
Leenars, who will replace Colin Price, will oversee functions including operations, IT, corporate communications, marketing and real estate.
At UBS, he was group managing director and vice-chairman, Global Wealth Management. Leenars has more than 30 years of international experience in the financial services sector, spanning private, institutional, investment, corporate and retail banking, as well as asset management, with a special emphasis on technology.
Quintet said that Price “played an important role in establishing Quintet’s growth strategy, developing its brand and creating its partnership model.” The group did not elaborate on Price’s future plans.
Leenaars, a Dutch national, earlier worked for nearly a quarter-century at ING Group, where he became a member of the executive board of ING Group, ING Bank and ING Insurance. In that capacity, he was CEO, ING Retail & Private Banking, and CEO, ING Direct. He combined these business responsibilities with executive board responsibility for ING Group technology and operations. Prior to this, he served in leadership positions in the Netherlands, Belgium, Poland, Latin America and the US.
Quintet’s family of private banks includes Brown Shipley (UK); InsingerGilissen (Netherlands); Merck Finck (Germany); Puilaetco (Belgium); Puilaetco (Luxembourg); Quintet Danmark (Denmark); Quintet Luxembourg (Luxembourg), and Quintet Switzerland (Switzerland). Quintet used to be known as KBL European Private Bankers, and rebranded early in 2020. Quintet is owned by Precision Capital, a Luxembourg-based bank holding company controlled by members of the Al Thani family of Qatar.