Pursuits
Qatar's Al-Thani Family Private Bank Plans European Acquisitions
- Seeking purchases to grow in western Europe ex-Switzerland
- KBL shareholder represents interests of Al-Thanis of Qatar
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KBL European Private Bankers SA, the Luxembourg-based wealth manager ultimately owned by Qatar’s Al-Thani family, expects to make two acquisitions in Europe in addition to its purchase of UBS AG’s private bank in Belgium.
“My assumption today is that we will announce two transactions within a reasonable timeframe.” Yves Stein, chief executive officer of KBL European Private Bankers, said in a telephone interview Friday. “We are rather confident that we will soon be back to the press with an announcement in this respect.”