Quilvest launched its new operation through its Singapore subsidiaries, CBP Trust and CBP Wealth Advisory.
The wealth management and family office group is the result of a recent merger between the Compagnie de Banque Privee of Luxembourg, which offers specialized private banking services, and Quilvest S.A., a financial services company.
The new Quilvest Wealth Management banking group has $13bn of assets under management and custody, has a strong capitalization and aims to maintain a high solvency ratio. It employs 270 professionals and is placed under the consolidated supervision of the Luxembourg financial supervisory authority.
Quilvest Wealth Management CEO Marc Hoffmann said this merger has extended their geographical footprint, and elevated them to the upper echelons of the client base. They are bigger in size, and now in Luxembourg, Switzerland, France, Singapore, and Latin America.
"We were looking at Asia to offer our clients the Asian option in terms of investment opportunities and wealth structuring, and it was good timing that we met the Singapore team," he added.
