Jürg Zeltner Appointed Group CEO of KBL EPB

KBL European Private Bankers (EPB), headquartered in Luxembourg, announced today the appointment of Jürg Zeltner as a member of the Board of Directors and Group CEO.

Jürg Zeltner, who will assume his new position following regulatory approval, will build on KBL EPB's existing strengths and strategy to spearhead its accelerated growth.

Formerly the President of UBS Wealth Management and member of the Group Executive Board – overseeing global activities representing more than €2 trillion in assets in under management – Jürg Zeltner will replace Peter Vandekerckhove, who is stepping down from his current position. Vandekerckhove will remain a member of the Board of Directors of KBL EPB, while also continuing to serve on the Board of Puilaetco Dewaay, the group’s Belgian affiliate and assuming other non-executive positions. 

In parallel, Jakob Stott, who most recently served as Vice-Chairman of UBS Wealth Management and Head of UBS Wealth Management Europe, will join Zeltner at KBL EPB as CEO of Wealth Management and member of the Executive Committee, likewise subject to regulatory approval. With the support of Precision Capital, KBL EPB's shareholder, Zeltner and Stott will oversee major investments to unlock the enormous potential of this unique group of boutique private banks. 

Jan Maarten de Jong, Chairman of the Board of Directors of KBL EPB, said: “We are very grateful to Peter Vandekerckhove for making KBL EPB a more collaborative and client-centric organisation, with a shared, single-minded commitment to earning client trust and recommendation. At the same time, we look forward to welcoming Jürg Zeltner and Jakob Stott, who will accelerate the group’s growth based on those strong fundamentals".