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Private banking

Quintet opens a second branch in Denmark



Ole Jensby, Jacob Meincke, Mads Midtgaard and Johan Karlsson (from left to right) are in charge of developing Quintet's activities in Denmark, and more widely in Scandinavia. (Photo: Quintet)

Ole Jensby, Jacob Meincke, Mads Midtgaard and Johan Karlsson (from left to right) are in charge of developing Quintet's activities in Denmark, and more widely in Scandinavia. (Photo: Quintet)

After Copenhagen in 2020, the private bank is opening a new branch in Aarhus, the country's second largest city.

Although Quintet's Swiss adventure was cut short by Covid, the bank is continuing to develop in line with the statements made by Jakob Stott, the group's CEO, particularly in the Nordic countries, the new Eldorado for private banking for many professionals in the sector.

Already present in Denmark since 2020, Quintet Denmark, a branch of Quintet Private Bank (Europe), is strengthening its position there with the opening of a new branch, which will be managed by Jacob Meincke, recently appointed Market Head Aarhus within Quintet. The branch will open in early 2022, once the manager has put together his team of private bankers, "who will work closely with Quintet's colleagues in the Danish capital and across Europe", the bank said in a statement. Quintet Denmark currently has 12 new employees in Copenhagen. Eventually, Quintet intends to expand its branch network to neighbouring Nordic markets such as Sweden and Finland.

Jacob Meincke comes from Danske Bank, where he was head of investments & holistic wealth advice after having been head of private banking elite. Jacob Meincke also worked at Jyske Bank, where he led a team responsible for client business in eastern Jutland.

Development led from Luxembourg

At the same time, Quintet announces the appointment of Mads Midtgaard as Market Head Nordic. Based in Luxembourg and heading a team of five people, he will lead, "in close collaboration with Quintet's colleagues in Denmark", the continued growth of the bank's Nordic International business, serving clients domiciled in the Nordic countries and Scandinavian expatriates in Europe. Prior to joining Quintet, he was a team leader at Danske Bank International in Luxembourg, where he managed a team of private bankers serving the needs of wealthy Nordic clients living abroad. He is a specialist in cross-border investment strategies and wealth planning, including succession planning.

He is joined in Quintet Luxembourg's Nordic International team by Johan Karlsson, who has been appointed team leader Sweden. The Swede was most recently vice president UHNW Nordics at J.P. Morgan in Luxembourg. Prior to that, he was director UHNW Nordic Markets at UBS Wealth Management, also in Luxembourg.

Ole Jensby, CEO Nordics at Quintet, welcomed the additions "to our growing Nordic team". "By collaborating with our colleagues in Denmark and the Grand Duchy, we will further accelerate the growth of our Nordic business--bringing our highly personalised approach to wealth management to a region where independence of spirit and entrepreneurship are part of the DNA."

This story was first published in French on Paperjam. It has been translated and edited for Delano.