KBL European Private Bankers’ (KBL epb) strategy focuses on positioning the group as a European network of banks, trusted partner for private clients. In the context of the internationalisation of the management and transmission of private assets, wealth management banks face many challenges and have many opportunities to seize. Operational performance plays a key role in achieving the ambitions supported by increasing proximity with the client. As a result, digital platforms have become vital for creating a relationship of trust between private bankers and their clients.
The KBL epb group cemented this ambition in 2017 by achieving several milestones. The bank accelerated its geographical positioning by developing its subsidiaries’ business in Luxembourg and elsewhere in Europe. Early 2017, the KBL epb family was expanded by the inclusion of Insinger de Beaufort, the Dutch store, which was joined in the autumn by its fellow Dutch company Theodoor Gilissen Bankiers under the new entity InsingerGilissen. Later, a preliminary agreement, which was submitted to the supervisory authorities for approval, was entered into with the Société Générale de Banque du Liban for the sale of KBL Richelieu (France) and KBL Monaco Private Bankers.
In a shifting context for business, the financial industry continues to weather regulatory, technological and generational changes. The KBL epb group anticipated some of those important milestones, backed by a new IT platform, G2, consumed as a BPO service from TBI Europe, a subsidiary of the Swiss private banker Lombard Odier. A first for such a large group in Luxembourg!