Private banking subsidiaries of Quintet, a boutique Luxembourgish bank, Puilaetco, Merck Finck and InsingerGilissen to form Quintet Europe. It also includes other businesses in Europe – including Quintet Luxembourg, Puilaetco Luxembourg and its branch in Spain. Financial terms were not disclosed. “The introduction of Quintet Europe will allow us to spend more time focused on the individuals and families we serve, while reducing organizational complexity and increasing operational efficiency. Our clients will benefit from shorter lines of communication, more rapid decision-making and faster service. They will also benefit from a one-bank approach, delivered by a single larger bank rather than several smaller subsidiaries. We will seamlessly draw upon our shared expertise, regardless of where in Europe our experts serve – reflecting our culture of partnership, where we are all focused on earning our clients’ trust,” he added. “Consequently, our clients will benefit from more efficient access to liquidity to fund their future, ideas that will make their wealth grow and experts who will guide them," Jakob Stott, Quintet CEO.