Quintet Private Bank, headquartered in Luxembourg and operating across Europe and the UK, announced today the launch of the first in a series of multi-manager UCITS funds designed with BlackRock, the leading global asset manager.

This follows the signing of a cooperation agreement with BlackRock in 2023 that will extend Quintet’s investment capabilities, significantly strengthening its ability to meet the long-term needs of its clients while retaining control of its investment decision-making.

Reflecting Quintet’s open-architecture approach and supported by BlackRock’s scale and investment expertise, each of these actively managed, single asset class funds – available exclusively to Quintet clients – will blend a selection of third-party managers into one fund that will aim to support portfolio performance and enhance diversification.

The initial fund, QMM Actively Managed US Equity, has been launched following regulatory approval and is available for investment exclusively by Quintet clients, including as part of the private bank’s flagship portfolios. This US dollar-denominated fund aims to outperform its benchmark by combining actively managed US equity strategies favoring different styles.

Like the three additional multi-manager funds to be launched by the end of May 2024 with BlackRock – covering global high-yield bonds, Continental European equities and global investment-grade corporate bonds – the US equity fund incorporates environmental, social and governance considerations in line with Quintet’s sustainable investment policy. Quintet will use Aladdin, BlackRock’s proprietary investment technology platform, for its risk analytics and reporting.

“We are delighted to announce the launch of the first fund in collaboration with BlackRock, reflecting our ability to deliver robust client outcomes, superior client experience and ongoing investment innovation,” said Bryan Crawford, Group Head of Investment & Client Solutions and member of the Authorized Management Committee at Quintet Private Bank. “As we look ahead to the launch of additional funds with BlackRock, we are excited about providing our clients with access to an even broader universe of investment opportunities.”

Bettina Mazzocchi, Co-Head of Wealth Solutions EMEA, Multi-Asset Strategies & Solutions at BlackRock, said: “We have worked with Quintet to create a set of innovative solutions exclusively for their clients which combine best-in-class investment strategies and seek to deliver more durable outcomes across all market environments. Each of the funds has been tailored to meet the needs of Quintet’s clients and draws upon BlackRock’s investment expertise and the strength of our risk-management platform to drive product and portfolio innovation.”