ABN AMRO raids HSBC for private bankers

The Dutch bank adds eight private bankers to cover China and Taiwan.

ABN AMRO has hired eight new private bankers, six of them from HSBC, reinforcing a trend which is gaining momentum for banks to expand their wealth management practice by poaching entire teams.

A spokesperson for the Dutch bank confirmed yesterday that its private banking division added eight bankers, taking its total strength to 160. This represents a 50% increase from this time last year. ABN AMRO is hiring to keep pace with the growth in assets under management between...

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