KBL European Private Bankers has appointed Stefan Van Geyt to the newly-created role of group chief investment officer (CIO).

In his new role, Van Geyt will lead investment strategy and activity across the bank’s nine markets and will report to Jacques Peters, KBL’s group chief executive.

Prior to joining KBL, he was director of investments for Belgium at BNP Paribas Fortis. He was responsible for all investment-related activity for the Brussels-based private banking unit, according to International Adviser.

The publication quoted KBL as saying that the appointment completes the "very senior hires" at executive committee level, which it announced it was expanding earlier this year, to "better meet the needs of the group and its clients".

KBL has €41 billion assets under management as of 31 December 2012.

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