Eli Leenaars; Credit: Quintet Private Bank

Quintet Private Bank, headquartered in Luxembourg and operating in 50 European cities, announced today the appointment of Eli Leenaars as Group Chief Operating Officer (COO) and member of the Authorized Management Committee, effective 1 June 2021.

The relevant regulatory authorities, including the European Central Bank (ECB) and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), have approved this appointment.

As a member of the bank’s leadership team, Eli Leenaars will oversee a wide range of key functions, including Operations, IT, Corporate Communications, Marketing and Real Estate, supporting Quintet’s long-term growth as an agile, advice-led firm.

Having most recently served as Group Managing Director and Vice-Chairman of Global Wealth Management at UBS, Eli Leenaars will bring to Quintet more than 30 years of international experience in the financial services sector, spanning private, institutional, investment, corporate and retail banking, as well as asset management, with a special emphasis on technology. He will replace Colin Price, who played an important role in establishing Quintet’s growth strategy, developing its brand and creating its partnership model.

Eli Leenaars, a Dutch national, earlier served for nearly 25 years at ING Group, where he rose to the position of member of the Executive Board of ING Group, ING Bank and ING Insurance. In that capacity, he was CEO of ING Retail & Private Banking and CEO of ING Direct. He combined these business responsibilities with Executive Board responsibility for ING Group Technology and Operations. Prior to this, he served in leadership positions in the Netherlands, Belgium, Poland, Latin America and the United States.

“Eli is a natural leader who brings out the best in the people around him,” commented Jakob Stott, Group CEO and member of the Board of Directors at Quintet Private Bank. “He solves problems in partnership, inspires others through the clarity of his vision and always puts client interests first. Eli has particularly broad experience applying technology in financial services. I look forward to welcoming him to the Quintet family and working with him to realise our very ambitious goals”.

Eli Leenaars added: “After decades of service at large organisations, I am eager to put my experience and energy to work at this highly entrepreneurial firm. Quintet is led by great people who recognise the importance of both strategy and culture – and who know that nothing is more important than doing the right thing for the individuals and families we serve. I can’t wait to get started”.

A graduate of Radboud University in the Netherlands, who earned his Master of Laws from the European University Institute in Italy, Eli Leenaars serves on the Board of Directors of a range of industry associations and non-profit organisations.