The role will be included under the global umbrella of the bankÆs fixed income capital markets business. Watmore will report to ABN AMROÆs global head of emerging markets, Gareth Thomas.
Prior to the appointment, Watmore was Head of Asian ABS for ABN AMRO.
The new role will allow Watmore to define and construct all of the banks emerging market ABS business in Asia, Latin America and other emerging markets. In an effort to enhance the synergies related throughout those sectors.
ABN Amro has had a significant presence in terms of ABS in Asia for some time; however, Watmore will be tasked to create similar footprints elsewhere.
ôGary brings a wealth of sector knowledge and expertise to this role. Whilst working for ABN AMRO in both Singapore and Hong Kong he played a key role in setting up the Asia ABS franchise and making it a top five player,ö says Thomas. ôThis newly created role marks ABN AMROÆs continued commitment to realising the potential of ABS and structured solutions in the emerging marketsö.
Watmore was hired by ABN AMRO in Singapore in 1998 to create the Asian securitisation business. Previously he had spent seven years with Deutsche Bank in New York and Singapore in various securitisation roles.
Under his leadership, this team carried out the first onshore securitisation of revolving financial assets for Diners Club in Singapore; the first synthetic ABS transaction in Asia; and the first credit card transaction for Taiwan amongst other landmark deals.
Boudewijn Berger will succeed Watmore as the head of Asian ABS, however he will be based in Hong Kong. Previously Boudewijn was senior transactor in the Asia ABS team,
He joined ABN AMRO in Singapore in 2004, having worked for the bank for 10 years in Amsterdam, including four years in the European Conduit team.