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Fideuram Bank Luxembourg acquires Compagnie de Banque Privée Quilvest
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Fideuram - Intesa Sanpaolo Private Banking (Fideuram - ISPB), through its Luxembourg subsidiary Fideuram Bank Luxembourg, has signed an agreement for the acquisition of 100% of Compagnie de Banque Privée Quilvest S.A. (CBPQ), a Luxembourg private bank with branches in Belgium, with about 150 employees, owned by the holding company Quilvest Wealth Management.
The acquisition of CBPQ will result in the creation of an additional hub within the European Union alongside Reyl Cie in Switzerland, catering for both international and European clients and will allow to develop international private banking activities in promising growth areas, notably in Luxembourg and Belgium. Luxembourg is currently the 1st cross border center in the Eurozone and 7th in the world (AUM:...
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