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KPL EPB names Søren Kjaer as Nordics CEO

News Team, 23/10/2019

KBL European Private Bankers (KBL EPB) has appointed Søren Kjaer as CEO, Nordics as the group looks to expand the scale of its operations in the region.

As head of KBL EPB’s future wealth management activities in the Nordics, Mr Kjaer will help establish a franchise in the Nordics with the launch of a branch in Copenhagen which will serve wealthy individuals and their families. The group expects the branch to commence operations in the first half of next year, subject to regulatory approval.

Mr Kjaer brings plenty of experience to his new role, having previously served as managing director, Nordic Region, at UBS Wealth Management and as chief executive officer, Denmark, at UBS. He has also worked for Credit Suisse managing its Nordic franchise, and also as a partner at Novo Ventures, a life science venture capital investor.

Jürg Zeltner, group chief executive officer and a member of KPL EPB’s board of directors, spoke positively about the appointment.

He said: “I’m delighted to welcome Søren to our leadership team and look forward to introducing our highly personalized approach to wealth management to the Nordics, where we see enormous long-term opportunities.”

Jakob Stott, chief executive, wealth management added” “I have known Søren for many years and am confident that – together with a team of experienced and motivated colleagues – he will ensure that we deliver performance and earn the trust of clients in Denmark and the wider Nordic region.”

KBL EPB was founded 70 years ago in Luxembourg and now operates in 50 cities across Europe. In the UK it operates under the Brown Shipley brand.

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