Quintet Private Bank has appointed Hugo Bänziger as the new chairman of its board of directors, effective June 10.
He succeeds Rory Tapner, who served in the role from 2020 until his departure at the end of 2024, according to a press release. Bänziger, who currently serves in a number of non-executive and advisory roles, brings decades of banking experience to the Quintet board, including serving from 2014-2018 as Geneva-based Partner at Lombard Odier & Cie.
Earlier in his career, he served for more than a decade at Deutsche Bank in London and Frankfurt, with his last seven years as a member of its management board responsible for risk, capital, treasury, legal and compliance. He began his career at the Swiss Federal Banking Commission, then moved to Credit Suisse where he worked for more than 10 years in London and Zurich.
His career also includes serving as Governor of the London School of Economics and as a visiting professor at both the Lee Kwan Yew Institute for Public Policy in Singapore and the University of Chicago Booth School of Business. He holds a degree in Modern History and Constitutional Law from the University of Berne, where he also earned his doctoral degree.
“Hugo brings to Quintet a distinct combination of insight and experience, a true passion for our industry and an overriding commitment to excellence,” said Bernard Coucke, deputy chair of Quintet’s board of directors, in the release. “As we continue to successfully execute our strategic plan – evidenced by our third consecutive year of profitable growth – Hugo will contribute substantially to unlocking Quintet’s long-term potential throughout economic cycles and across generations.”
Quintet was founded in 1949 and is headquartered in Luxembourg, with operations across Europe and the U.K. The firm is among the leading private banks serving wealthy individuals and their families as well as a broad range of institutional and professional clients, including family offices, foundations and external asset managers.
