European wealth management bank on Nordic conquest: "Establishing a challenger bank is an important, long-term mission for us"

With the ambition of becoming a true industry challenger, Luxembourg-based KBL European Private Bankers recently announced plans to enter the lucrative market for private banking in the Nordics. Danish CEO for KBL's private banking unit tells AMWatch how the bank plans to achieve its goal but admits that it cannot be done overnight.

KBL epb CEO Private Banking Jakob Stott spent 27 years at JP Morgan and eight years at UBS before joining the Luxembourg-based wealth management bank earlier this year. Photo: PR / KBL

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