Quintet’s five new Finnish wealth management professionals, who previously worked together at Union Bancaire Privée and at Danske Bank, all joined the bank in September, Quintet said in a press release issued on 19 September 2024. The five are joining Mads Midtgaard, their former Danske Bank colleague, who has held the position of market head, Nordic International, at Quintet Luxembourg since 2021.

“I could not be happier to reunite with my former colleagues and look forward to working closely with them to further expand our Nordic growth horizons,” Midtgaard commented in the communiqué. “While our Luxembourg-based Nordic International team comes from different parts of Europe’s far north, we share a commitment to always putting client needs first.”

The team now includes 15 professionals focused on serving Nordic-domiciled clients and expatriates in Europe, said the press release, and the bank aims to grow the team in the future. The recruitment is aligned with Quintet’s overall Nordic strategy and comes as the bank continues to expand its activities in Denmark through Quintet Danmark, the firm’s Copenhagen-headquartered branch that opened in 2020.

“With a population of some 5.5m, including more than 100,000 millionaires, Finland is widely recognised as a European startup hub with a highly entrepreneurial culture,” said Ole Jensby, the firm’s Denmark-based Nordics CEO. “As we continue to pursue our ambitious Nordic growth strategy, both from the region and from Luxembourg, we are very pleased to welcome onboard our new Finnish team and to support them in introducing more Finnish individuals and families to Quintet.”

The new Finnish team is headed by Tero Gabrielsson, who previously worked as managing director & head of wealth management Finland at Union Bancaire Privée in Luxembourg. The other recruits include: Mikko Aaltonen, Lotta Mykkänen, Janne Reinikainen and Emilia Weijola.

“On behalf of the team, I would like to express my thanks to Ole and Mads for their confidence in us--and to everyone at Quintet for their warm welcome,” said Gabrielsson. “Quintet stands out for its ability forge by deep personal relationships and extend holistic advice, founded upon a very strong client proposition. The team and I are excited about working with all our new colleagues, building new client relationships and contributing to Quintet’s sustained growth.”

Headquartered in Luxembourg, Quintet Private Bank in March and total group income of €602.4m for 2023. Globally, it counts 1,650 employees and is present in 30 cities across Europe.