BlackRock Inc. is partnering with Quintet Private Bank to bolster the Qatar-owned firm’s investment services for rich clients as it ramps up expansion plans.
BlackRock will give Quintet access to a broader range of investment products, including an exclusive set of new funds for the Luxembourg-based private bank’s clients, according to a joint statement Thursday that didn’t disclose financial terms.
Quintet, which will retain control of its investing decisions, will also have access to the New York-based firm’s risk-management platform and receive allocation advice from the world’s largest asset manager, the companies said.
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