QQuintet Private Bank (Europe) S.A.
One star: an owner's home jurisdiction under increased monitoring.
Why Quintet has one star
Quintet earns one star. What holds the rating down: an owner's home jurisdiction is under increased monitoring for money laundering. In its favour: no final adverse finding against this licence holder in ten years of regulatory and court records. The file does not yet show the policy on third-party payments. It carries no weight until it is documented.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
Where Quintet stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records.
- Custody assets are protected by statute in the booking centre, with conditions a family should read.
- Deposits are covered by a statutory protection scheme.
- The custody terms can be read in full before signing, including re-use of assets and sub-custodians.
- A broad range of private banking services is published for this booking unit.
What to weigh
- An owner's home jurisdiction is under increased monitoring for money laundering.
- Rules for third-party payments are not published.
A large number of complaints about the bank's service received by PPLI.com from clients. On that basis the editor lowered the rating on 2 November 2026; it will be reviewed in the next quarterly edition.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
Regulatory and legal record
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at Quintet, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
The CSSF warned in March 2020 and again in January 2021 about fraudsters misusing the bank's name, a scheme in which the bank was the victim.
Worth raising with the bank
- Ask whether the 300 job cuts confirmed in December 2025 affect your relationship team or the booking centre that holds your account.
Financial standing
| Agency | Rating | Outlook | As of | Rated company |
|---|---|---|---|---|
| Fitch | BBB | Stable | May 2026 | Quintet Private Bank (Europe) S.A. |
In the press
- Paperjam (related coverage cited in the results article)
Quintet: 300 job cuts in more than 30 cities
The group confirmed 300 job cuts over three years in more than 30 cities, with a reduced impact in Luxembourg.
- Finews
Neuerlicher Eklat bei Quintet
Finews reported the unexpected resignation of chief executive Jakob Stott and his replacement by Chris Allen from 1 July 2022, the wind-down of the Swiss business with its remaining client assets sold to PKB, and the bank's control by the ruling family of Qatar.
What Quintet charges, compared
Quintet publishes its fees. The figures below are its list prices, read on 6 November 2026 from the document linked at the foot of this section. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and the bank can change its schedule at any time.
With the trades, conversions and transfers of the reference year added at list price: about USD 303,658 a year, 121 basis points.
| Fee | Quintet | Other banks | Against the others |
|---|---|---|---|
| Custody and safekeepingeffective rate on USD 25 million | Includedincluded in the mandate fee Source | Too few banks publish this to compare | |
| Discretionary mandateeffective rate on USD 12.5 million, balanced profile | 1.45% a year1.46% at USD 10m, 1.35% at USD 50m; all-in fee Source | 1.22% a yearaverage of 25 other banks | above the average |
| Advisory mandateeffective rate on USD 12.5 million | 0.52% a year0.53% at USD 10m, 0.47% at USD 50m Source | 0.95% a yearaverage of 21 other banks | among the lowest |
| Equity tradecommission on a USD 250,000 trade, major exchange | 1.05% Source | 0.80%average of 47 other banks | among the most expensive |
| Bond tradecommission on a USD 500,000 trade | 0.50% Source | 0.95%average of 42 other banks | among the lowest |
| Third party fund subscriptionfee on a USD 250,000 subscription | 0.70% Source | 1.40%average of 42 other banks | among the lowest |
| Currency conversionmargin on a USD 1 million spot conversion | 0.57% Source | 0.72%average of 30 other banks | below the average |
| Minimum annual feeper year, or fee below the asset threshold | USD 3,450 a yearEUR 750 per quarter Source | USD 4,361 a yearaverage of 38 other banks | below the average |
| Outgoing international transferper transfer, standard | USD 230EUR 200; the stated cap, which a large transfer pays; stated as a maximum Source | USD 54average of 61 other banks | among the most expensive |
| Transfer of securities to another bankper position | USD 115EUR 100 Source | USD 126average of 38 other banks | around the average |
| Closing the accountone off | USD 288EUR 250 Source | USD 732average of 21 other banks | among the lowest |
Not in the published schedule: account maintenance, lombard loan margin.
Sources.
- Private Banking Fee Schedule June 2026, Applies as of 1st June 2026 (p. 14), read on 6 November 2026
- Tarif Banque Privée Juin 2026, Applicable 1 June 2026 (FR), read on 6 November 2026. French edition of the same schedule, used to confirm tier band mapping. German (0y2kikqz/..._de.pdf) and Dutch (0pbivo1l/..._nl.pdf) editions also published.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
Identity, protection and services
Legal identity
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Financial strength, as reported
Figures for Quintet Private Bank (Europe) S.A. (consolidated). Sources: Quintet Annual Report 2025; Quintet 2025 results release; Quintet investor presentation June 2026 (Fitch rating).
Services published for this booking unit
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.
Access and costs
Protection of client assets
Before opening an account
- Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
- Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
- Exit costs. The fee comparison shows USD 115 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.
Rate Quintet
If you bank with Quintet or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
Sources
All 15 documents cited on this page, by subject.
Client experience and press
- Paperjam (related coverage cited in the results article): Quintet: 300 job cuts in more than 30 cities, 5 December 2025en.paperjam.lu
- Finews: Neuerlicher Eklat bei Quintet, 16 May 2022finews.ch
Fees
- Quintet: Quintet fee schedule 06 2026 en (PDF)quintet.lu · Fees
- Quintet: Quintet fee schedule 06 2026 fr (PDF)quintet.lu · Fees
Identity, ownership, finances and services
- quintet.com: Historyquintet.com · Owner
- quintet.com: Corporate governancequintet.com · Group parent
- quintet.com: Quintet Annual Report 2025quintet.com · Financial strength
- quintet.com: Quintet 2025 results releasequintet.com · Financial strength
- quintet.com: Quintet investor presentation June 2026 (Fitch rating)quintet.com · Financial strength
- Quintet: Discretionary portfolio managementquintet.lu · Services
- Quintet: Lendingquintet.lu · Services
- Quintet: Wealth planning structuringquintet.lu · Services
- Quintet: Financial intermediariesquintet.lu · Services
- Quintet: En general terms and conditions 01112026 (PDF)quintet.lu · Custody terms
The bank
- Quintet, websitequintet.lu
For Quintet
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-LU-QUINTET-630175.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Quintet, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.