KBL European Private Bankers (KBL epb) announced today the appointment of Carlo Friob – a financial services professional with over two decades of experience in increasingly senior roles – as CEO, Private Banking, based in Luxembourg. He will also join the Executive Committee of the group.

Friob will commence his new role at KBL epb in May 2014, subject to the approval of the Commission de Surveillance du Secteur Financier (CSSF).

Stepping into the role earlier held by Yves Stein, who was recently promoted to Group CEO, Friob will lead the ongoing growth of KBL epb’s private banking operations in Europe, further strengthening the group’s nine-country network.

He earlier served at BGL BNP Paribas as Director of Products & Services, Wealth Management Luxembourg, and Global Head of Discretionary Portfolio Management, BNP Wealth Management. Previously, he served as General Manager, Private Banking, at the Luxembourg-based bank.

“I am very pleased to welcome Carlo Friob to KBL epb, a leading pan-European private banking group headquartered in Luxembourg,” said Stein. “Drawing upon his unique combination of skills and experience, Carlo will provide senior, strategic direction to our affiliates, engaging them in dialogue to ensure both their individual growth and collective contribution to our shared success.”

“KBL epb’s network is supported by strong local management and highly skilled staff throughout all nine countries,” said Friob. “I look forward to working closely with my colleagues across our network and here in the Grand Duchy.”

A Luxembourgish national, Friob has pursued the majority of his career in his native country, while also serving in the United States and Hong Kong. He holds a degree in business and financial sciences from the ICHEC Brussels Management School in Belgium.