KBL epb, which operates in 50 cities in Europe, was the only Luxembourg-headquartered group to be recognized in this highly competitive award category.

“As a network of boutique European private banks, we are able to offer our clients the best of both worlds: deep local insight and – thanks to our ability to share such knowledge – broad pan-European perspective,” said Yves Stein, Group CEO, KBL epb.

“We are very grateful for this recognition from Private Banker International, which reflects the commitment of our 2,200 people and the increasing success of our client-centric approach, founded upon offering proximity, agility and personalized service.”

According to Private Banker International, recognition is provided to best-practice organizations that are setting new standards, including those that have done the most in the past year to advance and strengthen wealth management as an industry.

Key judging criteria include the ability of organizations to demonstrate a clear and unique strategy to grow their business, while strengthening and extending the reach of their brand.

Following category nomination and shortlisting, award selection was made by Private Banker International’s judging panel, comprising independent wealth management specialists and the magazine’s editorial staff.