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February 25, 2021updated 02 Mar 2021 4:06pm

Quintet Private Bank appoints group chief risk officer

By Hannah Wright

Luxembourg-based Quintet Private Bank has appointed Philip Tremble as group chief risk officer and member of the authorised management committee, subject to regulatory approval.

Assuming his role on 15 March 2021, Tremble joins from HSBC where he served as chief risk officer, global private banking, for eight years.

Tremble’s appointment coincides with Quintet’s pursuit of a long-term growth strategy, recruiting individuals across all operations as it enters new markets around the world. In 2020, the private bank hired over 350 new staff despite a turbulent market.

Graduating from Sheffield University with a degree in Economics & Econometrics, Tremble spent thirty years at HSBC in senior risk roles in both London and New York.

Tremble will replace Anthony Swings, who joined Quintet in 2002, served as group chief risk officer since 2018.

Explaining Tremble’s suitability for the role, Jakob Stott – group CEO – commented: “As he has proven across his distinguished banking career, through the ups and downs of many business cycles, Phil knows how to manage risk.

“He will foster a culture where everyone – across the organization, from front to back – recognizes that they have a responsibility to manage risk appropriately, reflecting the interests of both the bank and our clients. I am delighted that he will put all his skills and experience to work at Quintet as a member of our leadership team.”

Swings will fill the newly created position of head of the office of the group CEO, where he will support Jakob Stott him in managing stakeholders and serving as a trusted partner.

Stott continued: “At the same time, I look forward to working even more closely with Anthony in his new role. With his intelligence, dedication, collaborative spirit and strong relationships across our firm, Anthony will work with me to make Quintet an even better bank for our clients and our people.”

Commenting on his appointment, Tremble said: “There is nothing I enjoy more than being part of a team – in an open, supportive environment –driving sustainable change together.

“I am excited about doing just that at Quintet, a client-centric firm that benefits from the agility that comes with smaller size. I am eager to work with all of my new colleagues and contribute to the bank’s positive, ongoing transformation.”

 

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