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KBL epb names new CEO for private banking

Luxembourg’s KBL European Private Bankers (epb) has selected a senior financial services professional Yves Stein as the new chief executive officer (CEO) of the group’s private banking business.

Stein will manage the entire private banking business including those in Europe as well as globally.

After receiving approval from the Commission de Surveillance du Secteur Financier (CSSF), Stein will accept his new position at KBL epb in March 2013.

Prior to accepting the current role, he worked as the CEO of Union Bancaire Privée (Europe) in Luxembourg.

He also held the position of director general, private banking, at BNP Paribas (Switzerland).

Having started his professional career at Banque Générale du Luxembourg, Stein held several senior positions at MeesPierson, the private bank of Fortis Group, including as the group CEO, Fortis Private Banking.

Established in 1949, KBL European Private Bankers has 2,000 employees and €41bn in assets under management and €39bn in assets under custody as of 31 December 2012.

Operating in nine countries across Europe, the company offers investment services through its global investor services, global financial markets and asset management departments.