The late Jürg Zeltner; Credit: Quintet Private Bank

Luxembourg-headquartered Quintet Private Bank announced today that Jürg Zeltner, the firm’s Group CEO and a member of the Board of Directors, passed away on Sunday at the age of 52.

Jürg Zeltner, whose health issue was diagnosed last year, is survived by his wife and two children.

Jan Maarten de Jong, Chairman of the Board of Directors, stated: “On behalf of Quintet’s Board of Directors, shareholders, management and 2,000 employees, we extend our deepest sympathies to Jürg’s family at this extremely difficult time". He added: “We are enormously grateful to Jürg for his visionary leadership and invaluable contribution in defining a long-term growth strategy for our firm. We will miss his presence as an inspiring colleague and man of great intelligence, integrity and honour”.

The Board of Directors has approved the nomination of Interim Group CEO Jakob Stott as Jürg Zeltner’s successor. Mr Stott has led the bank since early December 2019, after being named Wealth Management CEO last summer.

In his capacity as Group CEO and member of the Board of Directors, subject to regulatory approval, Jakob Stott will ensure that Quintet continues to pursue its strategic plans, which remain unchanged and endorsed by the Board and Quintet’s shareholders, and maintains its focus on doing the right thing for the individuals and families it serves.