The Luxembourg-based private bank owned by the Al-Thani family of Qatar has made a senior appointment at its Swiss office to help the firm build a high-quality team of client advisors covering Asia.
Quintet's Swiss arm is hiring Jing Zhang Brogle as its market head for Asian international clients, from February 1, it said in a statement on Tuesday. Zhang Brogle, a 46-year-old Swiss-Chinese private banker, was most recently Edmond de Rothschild's global market manager for the same region.
Her hire is the first sign of the Luxembourg-based wealth manager's ambitions for Switzerland, where it launched in May after snapping up Bank am Bellevue. The Swiss arm, run by Emmanuel Fievet, is out to hire prominent names, as finews.asia reported.
Quintet is benefiting from Rothschild's pulling out of Hong Kong, a business Brogle also – briefly – oversaw. Zhang Brogle, who worked as a wealth manager at Vontobel and UBS before joining Rothschild in 2015, will hire private bankers in Switzerland for the Asia market, Quintet said.
Swiss Ambitions
Quintet is led by Jakob Stott, who took over as CEO, following Jeurg Zeltner's sudden death in March. The firm took in €112 million from the al-Thanis to finance its expansion plans but posted a loss last year.
It won approval in May to launch its Swiss office following the acquisition of Bank am Bellevue. The deal gave Quintet entry into Switzerland as well as 1.6 billion Swiss francs ($1.7 billion) in assets and roughly half its 40 staff. The Swiss unit enlisted ex-Rothschild private bank overseer Bruno Pfister as its chairman.
