Quintet Private Bank, headquartered in Luxembourg and operating across Europe and the UK, announced today the launch of the first in a series of multi-manager UCITS funds designed with BlackRock, the leading global asset manager.
This follows the signing of a cooperation agreement with BlackRock in 2023 that will extend Quintet’s investment capabilities, significantly strengthening its ability to meet the long-term needs of its clients while retaining control of its investment decision-making.
Reflecting Quintet’s open-architecture approach and supported by BlackRock’s scale and investment expertise, each of these actively managed, single asset class funds – available exclusively to Quintet clients – will blend a selection of third-party managers into one fund that will aim to support portfolio performance and enhance diversification.
The initial fund, QMM Actively Managed US Equity, has been launched following regulatory approval and is available for investment exclusively by Quintet clients, including as part of the private bank’s flagship portfolios. This US dollar-denominated fund aims to outperform its benchmark by combining actively managed US equity strategies favoring different styles.
Like the three additional multi-manager funds to be launched by the end of May 2024 with BlackRock – covering global high-yield bonds, Continental European equities and global investment-grade corporate bonds – the US equity fund incorporates environmental, social and governance considerations in line with Quintet’s sustainable investment policy. Quintet will use Aladdin, BlackRock’s proprietary investment technology platform, for its risk analytics and reporting.
“We are delighted to announce the launch of the first fund in collaboration with BlackRock, reflecting our ability to deliver robust client outcomes, superior client experience and ongoing investment innovation,” said Bryan Crawford, Group Head of Investment & Client Solutions and member of the Authorized Management Committee at Quintet Private Bank. “As we look ahead to the launch of additional funds with BlackRock, we are excited about providing our clients with access to an even broader universe of investment opportunities.”
Bettina Mazzocchi, Co-Head of Wealth Solutions EMEA, Multi-Asset Strategies & Solutions at BlackRock, said: “We have worked with Quintet to create a set of innovative solutions exclusively for their clients which combine best-in-class investment strategies and seek to deliver more durable outcomes across all market environments. Each of the funds has been tailored to meet the needs of Quintet’s clients and draws upon BlackRock’s investment expertise and the strength of our risk-management platform to drive product and portfolio innovation.”
Quintet Private Bank (Europe) S.A., founded in 1949, is headquartered in Luxembourg and operates across Europe and the UK. Widely recognized as a private banking leader, Quintet serves wealthy individuals and their families, as well as a broad range of institutional and professional clients, including family offices, foundations and external asset managers. Quintet’s family of private banks includes:
For further information, please visit: www.quintet.com
For further information about Quintet Private Bank, please contact:
Nicholas Nesson
Group Head of Corporate Communications
Quintet Private Bank, Luxembourg
+352 4797 2065
nicholas.nesson@quintet.com
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
BlackRock’s Aladdin® platform is a financial technology platform designed for institutional use only and is not intended for end investor use.
For additional information about BlackRock, please visit www.blackrock.com/corporate
For further information about BlackRock, please contact:
Felicity Press
felicity.press@blackrock.com
+44 (0) 776 813 1709
This press release is of a general nature and does not constitute legal, accounting, tax or investment advice. All investors should keep in mind that past performance is no indication of future performance, and that the value of investments may go up or down. Changes in exchange rates may also cause the value of underlying investments to go up or down.
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