Fideuram acquires 100% of Luxembourg private bank CBP Quilvest

The combination expands the Group’s private banking activities for Italian and international HNWI clients

Fideuram - Intesa Sanpaolo Private Banking grows internationally with the acquisition of 100% of the Luxembourg private bank Compagnie de Banque Privée Quilvest (CBPQ): the deal received the approval by the competent authorities.

CBPQ – with assets under management of about €8 bn (including loans) and 140 employees – will enable the creation of an additional private banking hub in the European Union alongside Reyl & Cie in Switzerland and the development of private banking activities in Luxembourg and Belgium.

CBPQ will be integrated into Fideuram Bank Luxembourg to increase its support to Italian and foreign HNWI (High Net Worth Individual) customers.