ABN 'restructures' corporate finance

Just when ABN AMRO bankers thought it was safe to go back in the water, the Dutch management delivered another round of restructuring late last week. The impact will be felt in Asia, and the news will be particulary difficult for some to swallow since the firm has been on a roll in region in the past few years. ABN has won plaudit for its corporate finance strategy in Asia with key advisory roles on M&A deals such as the SABMiller bid for Harbin Brewery and the San Miguel bid for National Foods.