Quintet Private Bank was acquired in 2012 by Precision Capital, a Luxembourg-based bank holding company that is supervised by the European Central Bank (ECB) and the Commission de Surveillance du Secteur Financier (CSSF).
Representing the private interests of members of the Al-Thani family of Qatar, Precision Capital holds 99.9% of Quintet Private Bank.
While the ultimate shareholders of Precision Capital have made a range of other private investments – including in areas such as financial services and real estate – Precision Capital itself holds only the asset mentioned above. Registered and headquartered in Luxembourg, Precision Capital is a private – rather than sovereign – organization that seeks to capitalize on the attractiveness of the European private banking industry over the long term. A strong and committed shareholder, the firm seeks to grow Quintet Private Bank, both organically and through M&A activity.
Highly supportive of Quintet Private Bank’s vision, Precision Capital is focused on unlocking the full potential of the pan-European private banking group. That includes supporting the establishment of a leading presence in every market in which Quintet Private Bank currently operates.
The core management team of Precision Capital is led by George Nasra, the firm’s CEO, who also serves as Deputy Chairman of the Boards of Directors of Quintet Private Bank. A highly respected and internationally prominent banker, Nasra served for three decades at National Bank of Kuwait, then assumed the leadership of International Bank of Qatar immediately prior to his appointment at Precision Capital.