The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
Tag : abn amro
The Dutch bank is making an announcement about the sale to LGT at a townhall meeting this afternoon.
Singapore’s DBS is hungry for more acquisitions after agreeing to buy ANZ’s Asia retail and wealth business. But ABN Amro’s Asian private bank may be another step too far, too fast.
The Royal Bank of Scotland will not face any disciplinary action from local authorities after it agreed to repurchase Lehman-linked equity notes sold to professional investors at 100%.
The bank agrees to buy back equity-linked notes issued to retail investors between July 2007 and May 2008.
Much-increased market volatility and a more flexible short-selling regime are combining to boost interest in high-frequency trading in Japan.
The Dutch lender continues its private bank expansion in Asia, hiring Ian Pollock, the former regional head of VP Bank, to replace Arjan de Boer, who is being promoted.
Bank compliance and legal counsel officers raise serious doubts over how new regulatory rules to curb rogue algo trading would be applied and who would potentially be held liable.
ABN Amro Private Banking, BNP Paribas Wealth Management and BNY Mellon all make senior hires.
Jan Lee joins BoS as chief economist and Alistair Marsh is appointed head of trading advisory and product development, as Mark Chan moves to ABN Amro Private Banking.
Phyllis Fong will replace Peeter Chris t Hart who moves to a new post in France following two other switches in senior management.
Arjan de Boer has taken up the role previously held by Hans Diederen, the Dutch firm's head of Asia.