Quintet Private Bank, headquartered in Luxembourg and operating in 50 European cities, announced today the appointment of Thomas Klein as Group Head of Asset Servicing, Europe, based in Luxembourg. In that role, Klein leads a dedicated team focused on growing Quintet’s book of institutional and sophisticated private clients – including family offices, investment funds, corporates and private investment companies – that require global custody and execution services.

Klein most recently served as Head of Service Delivery, Asset Servicing, and member of the Executive Business Committee at UBS Luxembourg. Previously, he served as Chief Risk Officer at UBS Luxembourg, with those responsibilities extending across European branches.

A member of the Quintet Europe Management Committee, Klein reports to Thomas Rodermann, CEO of Quintet Europe, which encompasses the firm’s European Union-based branches, and to Stephan Matti, Group Head of Asset Servicing & Financial Intermediaries (FIM).

Klein replaces Rafik Fischer, who served at Quintet for more than three decades and recently decided to retire.

“As we warmly welcome Thomas to the Quintet family, I would like to thank Rafik for his long and dedicated service to our firm,” said Jakob Stott, Group CEO and member of the Board of Directors. “We are deeply grateful for his commitment to Quintet and our clients over many years.”

“Thomas brings rich insight and fresh perspective to our management team,” said Rodermann. “He will play an important role in the long-term expansion of our Asset Servicing & FIM business in Luxembourg and across Europe.”

“A highly respected asset-servicing professional who has been working in the fund industry in Luxembourg for the last 20 years, Thomas has built a track record of accomplishment, founded upon a commitment to collaboration,” said Matti. “Together, we will shape the future of this business – always putting the needs of our clients first.”

“I’m delighted to join Quintet Asset Servicing, a team of expert professionals recognized for their ability to meet complex client needs in a rapidly changing environment,” said Klein, a German national who pursued his studies at the Frankfurt School of Finance and the University of Trier. “Based on that solid foundation, we will further expand our footprint as an asset-servicing provider of choice for clients who prize the efficient delivery of customized solutions and deeply personal service.”