Quintet, the private bank owned by Qatari royals, has just struck a very wrong note in Switzerland, writes Freddie Pooter in this week's Diary of a Private Banker.
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.
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