Head of Group Depositary Bank Services

Purpose of the Job

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. We are a bank headquartered in Luxembourg with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. 

When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.

The Head of Group Depositary Bank Services leads the Group Depositary Bank function and is accountable for its strategic positioning, support of the commercial development and regulatory integrity across all jurisdictions in scope, including Luxembourg and the Netherlands. The role covers Depositary Bank services primarily for UCITS and AIFMD-regulated funds, while also supporting other structures, including non-regulated or lightly regulated funds, depending on client needs and the evolution of the Group’s service offering.

The role ensures that the Depositary Bank acts as a trusted, value-adding control partner to the Front Office, Asset Servicing and Fund clients, while independently fulfilling its duties of safekeeping, oversight and cash-flow monitoring in accordance with applicable regulatory frameworks (including UCITS V, AIFMD, CSSF requirements and relevant local regulations), acting solely in the interest of the funds and their investors.
With responsibility for both liquid and illiquid assets (including private equity, real estate, infrastructure and private debt), the role combines strong commercial and stakeholder leadership with robust governance, control frameworks and escalation discipline, within a scope that may evolve over time in line with regulatory developments and strategic growth.

Key Accountabilities

• Act as the senior commercial and functional representative of the Depositary Bank, partnering closely with the Front Office on pre-sales, onboarding and client discussions across regulated and non-regulated fund structures, while preserving full independence and conflict-of-interest safeguards.                                


• Lead and continuously enhance the depositary control framework covering safekeeping, cash-flow monitoring and oversight duties for both liquid and illiquid assets, adapted to the regulatory status of the funds in scope.


• Ensure robust onboarding and ongoing oversight of alternative and illiquid investments, including appropriate ex-ante and ex-post controls, taking into account jurisdictional specificities and regulatory expectations. 


• Oversee Depositary Bank services provided in the Netherlands, ensuring consistency of governance, controls and service quality with the Group framework.                                


• Represent the Depositary Bank function in internal governance forums, client service reviews, industry working groups and regulatory interactions with the CSSF and other competent authorities, as applicable.


• Ensure clear and regular reporting to internal committees on depositary activities, risks, incidents, remediation actions and escalations across all jurisdictions and fund types.


• Drive transformation and continuous improvement initiatives, including process harmonisation, automation and tooling, supporting the scalability of the Depositary Bank function.


• Act as a key contributor to strategic projects impacting the depositary function and manage relationships with key vendors and BPO partners across jurisdictions. 


• Lead, develop and motivate the Depositary Bank teams, fostering cross-border collaboration and maintaining high standards of professionalism, expertise and talent development.

Knowledge and Experience

• Further professional Education (Masters / Professional qualification)    


• More than 5 years experience in a similar role                                         

Attributes and Qualities

• Conflict Resolution & Negotiation                    


• Strategic & Innovative Thinking                        


• Leadership & People Management                        


• Decision Making                                


• Results Orientation    

Technical Skills

• Deep understanding of depositary bank duties under AIFMD? UCITS and other relevant frameworks ; in-depth about custody role and activities across all types of instruments                            


• Expertise in alternative investments and their operational complexity    


• Strong analytical investigative and problem-solving skills        


• Excellent communication skills, able to interact confidently with regulators, auditors and clients                    


• MS office Suite                                            

Languages Skills

• Fluent in English and French