Singular Bank SAU acquires Quintet España Group, from Quintet Private Bank
28 February 2022
ARCANO advises Quintet Private Bank on the transfer of its Spanish business to Singular Bank
Quintet Private Bank
December 31 2020
Quintet Private Bank, founded in 1949, is headquartered in Luxembourg and operates in 50 cities across Europe. Quintet Spain was originally set up in 2011, with presence in Madrid, Valencia, Murcia and Las Palmas. The firm offered management, advisory, intermediation and lending services to HNWI and institutional and professional clients.
Singular Bank, independent Spanish private bank lead by Javier Marín and sponsored by the international financial investor Warburg Pincus, engages in its third transaction in Spain. As part of this agreement, Quintet Private Bank will also offer its capabilities in Luxembourg in custody and non-UCITS asset management to Singular Bank’s clients.
The transaction ensures client continuity while onboarding on Singular Bank the majority of Quintet Spain’s front-office staff
With this agreement, Singular Bank enters the top 25 Spanish Private Banks, with c. €2.0bn AuM.