Sinclair takes on global hedge fund role at ABN AMRO

ABN AMRO seeks to grow a hedge fund services presence in Asia.

Andrew Sinclair has joined ABN AMRO Bank as managing director, global co-head of hedge fund coverage. Sinclair was previously a senior member of UBS's Asian prime brokerage team, focusing on sales and marketing.

He recently resigned from UBS to take on what he described at the time as a "more attractive and broader role". In his new position, Sinclair will cover the Asian and European regions, with co-head Denise DeDiego covering the United States.

Sinclair will be based in Hong Kong, but will travel extensively to Europe. He will report to Andy Graham, ABN AMRO's London based head of financial institutions and public sector group. Although the bank has confirmed Sinclair's new appointment, spokespeople were unable to provide further details on the scope of his new role.

In Asia ABN AMRO has so far played a muted role as a hedge fund service provider. Last year, the firm sold its US prime brokerage operations to UBS.

Industry sources predict that Sinclair will not be promoting the firm as a full service prime broker, but rather will be providing clients with research, product-specific solutions and execution services across all asset classes including forex, fixed income, derivatives, and exotic products.

Sinclair is certainly no stranger to building hedge fund services businesses from scratch. He was one of the earliest members to join UBS's Asian prime brokerage team four years ago. During his time at UBS, the firm saw its regional hedge fund accounts rise from zero to forty.