Rory Tapner
Quintet, the private bank owned by Qatari royals, has just struck a very wrong note in Switzerland.
After losses, it’s closing its Swiss private banking business and “consulting” about the future of 87 staff there.
This is rather a setback to the ambitions of Quintet’s top executives, including ex-Coutts CEO Rory Tapner who chairs the group.
For Switzerland is the world’s biggest offshore private bank...