ABN Amro Private Bank has appointed Angel Wu as the new regional head, products and solutions for its Asia franchise.

Wu is presently head of special products Hong Kong for the bank. She takes over from Solange Rouschop, who has been named head, products and solutions and business development for private banking Belgium and Luxembourg, as of 1 June. She reports directly to Hans Diederen, the chief executive officer private banking Asia and Richard Bruens, the global head, products and solutions private banking. Wu will remain based in Hong Kong and will divide her time between Hong Kong and Singapore.

Also announced is the appointment of Bruno Morel as regional head, treasury and special products Asia. Morel is the head of TSP for Singapore. He replaces Arjan de Boer, who was named head of private banking in Hong Kong in April.

The bank is expecting a 15 to 20 per cent rise in client assets this year as markets recover from the financial crisis. ABN Amro suffered losses at the height of the global crisis and after being taken over by the consortium led by the Royal Bank of Scotland in 2007. The bank has since rebounded and has been making a series of hires for its Asian franchise over the past months.

ABN Amro Private Banking is the international wealth management division of ABN Amro Bank, with a focus on high net worth individuals.