CBP Quilvest buy helps Intesa Sanpaolo reset in Luxembourg
Intesa Sanpaolo Wealth Management has been created as a new Luxembourg private banking hub following the merger of its troubled Luxembourg unit Fideuram Bank Luxembourg with Compagnie de Banque Privée Quilvest SA, which it took over last year.
“We have an old-school approach and I take that as a compliment”
Taking an ‘old-school’ approach to asset management, but in the positive sense of the term, is what CPB Quilvest wants to achieve. The niche asset manager based in Luxembourg and with a branch office in Belgium wants to continue to build on its strengths via a horizontal and open structure. Organic growth is paramount and open architecture is one of the pillars of the business model.