• Very senior financial services professional to lead growth of Group’s private banking operations in Europe and internationally
• Announcement follows recent appointment of Group COO; further Executive Committee appointments to be announced shortly

Luxembourg; February 21, 2013: KBL European Private Bankers (KBL epb) announced today the appointment of Yves Stein, a very senior financial services professional, as Chief Executive Officer, Private Banking, for the Group, based in Luxembourg.

Stein previously held the position of Chief Executive Officer of Union BancairePrivée (Europe) in Luxembourg. He earlier served as Director General, Private Banking, at BNP Paribas (Switzerland).

The appointment of Stein follows the recent announcement by KBL epb of the expansion of its Executive Committee to better meet the evolving needs of the Group and its clients, as well as the appointment of Marc Lauwers, an extremely seasoned financial services professional, as Chief Operating Officer for the Group.

Additional appointments to the Executive Committee of KBL epb will be announced shortly.

“The appointment of Yves Stein, a highly respected private banker, is a signal event in the ongoing enhancement of the Executive Committee of the Group,” said Jacques Peters, Group Chief Executive Officer, KBL epb.

“For the past 25 years, Yves has demonstrated his ability to successfully lead a range of private banking institutions,” Peters said. “In his new role at KBL epb, he will drive the growth of our private banking franchise in Europe and internationally, supporting the realization of our vision to become a top 20 European private bank by 2015.”

“I am delighted to have the opportunity to join KBL epb at this critical moment in the ongoing growth journey of the Group, and look forward to working with my colleagues across our network,” Stein said.

“Supported by a first-class team of over 400 dedicated private bankers – who offer local insight informed by knowledge of international best practices – we will continue to expand our private banking operations, maintaining our client-centric approach and focusing on innovation.”

A Luxembourgish national, Stein began his professional career at BanqueGénérale du Luxembourg, where he served for over a decade. He then held a range of senior positions at MeesPierson, the private bank of Fortis Group, where he rose to the post of Group Chief Executive Officer, Fortis Private Banking.

Stein holds a degree in business and financial sciences from the ICHEC Brussels Management School in Belgium.

He will commence his new role at KBL epb in March 2013, following the approval of the Commission de Surveillance du Secteur Financier (CSSF).