People Moves
ABN AMRO Names Hong Kong Country Executive
ABN AMRO named a new country executive for Hong Kong, joining from Standard Chartered in Singapore.
ABN AMRO, the Netherlands-headquartered financial services group, has named a new country executive in Hong Kong.
Maureen DeRooij assumes the top spot at the firm, in addition to being the chief executive of large corporates and merchant banking in Asia. The appointment takes effect on 1 September, subject to regulatory approvals.
DeRooij rejoins ABN AMRO from Standard Chartered Bank in Singapore, where she most recently served as regional head South East Asia for small and medium enterprises. She also previously held the role of global head of natural resources and commodity trading and group chief operating officer for the global wholesale bank client business.
The large corporate and merchant banking unit in Asia comprises the firm's client coverage teams for energy, commodities and transportation, financial institutions and commercial banking international. Services include trade, debt solutions, escrow and settlement and corporate finance and capital markets. ABN AMRO has an active private banking, large corporates and merchant banking presence in Asia-Pacific. It operates from offices in Hong Kong, Shanghai, Singapore, Sydney and Tokyo.
In March this year, the private banking arm appointed 30-year industry veteran, Ian Pollock, as head of its North Asia team, following a raft of changes to the bank's global research and strategy offering. As a member of the Asia and Middle East private banking - and the Hong Kong country - management teams, Pollock is responsible for running and further developing the private banking business in North Asia.
At the start of 2013, ABN AMRO Private Banking strengthened its service offering for high net worth individuals in Asia and the Middle East, recruiting 11 new specialist staff members in Singapore and Hong Kong. The hires included a seven-strong team from ANZ Bank in Singapore.