Luxembourg-based KBL European Private Bankers (KBL epb) has hired Rachel Hamen as group chief financial officer (CFO, replacing Yves Pitsaer.
Hamen, who will assume her new role in February 2016, will also join the Executive Committee of the group.
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Hamen, who has over two decades of experience in senior roles, joined KBL from State Street Bank in Luxembourg, where he served as CFO, Continental Europe. She started her career in 1993.
Pitsaer, who currently serves as Group CFRO, will remain a member of the executive committee as group chief risk officer, with additional responsibility for the group-wide supervision and coordination of relations with relevant regulatory authorities.
KBL epb group CEO Yves Stein said: "With expert analytical skills, significant financial services sector experience and a track record of successfully managing teams across Europe, Rachel Hamen will provide tremendous value across our group."
"At the same time, Yves Pitsaer-who has served the group with distinction for nearly two decades-will have the opportunity to focus on managing both risk and regulatory affairs, including at the domestic, regional and international level.
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By GlobalData"In his capacity as Group Chief Risk Officer, Yves will play a pivotal leadership role in overseeing and further developing this extremely critical function."
