ABN AMRO boosts business banking with three hires

The Dutch bank appoints new heads for its Taiwan, Indonesia and Hong Kong teams.
ABN AMRO has appointed new heads of its business banking teams in Taiwan, Indonesia and Hong Kong with the aim of fuelling one of its strategic expansion plans in Asia which is to increase its market share in the small- and medium-enterprise (SME) segment.

John Lee and Madi Lazuardi have joined the bank as head of business banking in Taiwan and Indonesia respectively. Lee will keep an eye on business opportunities that stem from the rapid growth of the triangular Greater China SME investment, trade and payment flows, while Lazuardi will be responsible for capturing a sizable pool of local businesses in Jakarta, Bandung, Semarang, Surabaya and Medan.

At the bankÆs business banking regional office in Hong Kong, ABN AMRO has appointed Pin Chua as head of portfolio management and strategy development in Asia. In his new role, Chua will match ABN AMROÆs business banking strategy with country-specific SME demands.

Lee, Lazuardi and Chua will all report to Dominic Silva and David Yong, who jointly head up ABN AMROÆs business banking for the commercial and consumer client segments in Asia.

ôBusiness banking is all about people, products and processes. In all of these areas, our clients in Asia partner with us because they benefit from the local execution of our global expertise, capabilities and network,ö says Jeroen Drost, the bankÆs chief executive officer for Asia. ôOur value-add is to help Asian SMEs run their businesses more efficiently and exploit opportunities for future growth.ö

Lee, Lazuardi and Chua are all veteran bankers equipped with over 18 years of experience in the industry. Lee was most recently head of SME Banking at HSBC, while Chua was a managing director at DBSÆ Enterprise Banking in Singapore, covering SME segment penetration. Lazuardi was senior vice president and head of commercial banking at IndonesiaÆs Bank Danamon and will bring with him a team of local SME relationship managers from his former employer.

ôBusiness Banking has seen promising results and these appointments signal our intent to aggressively build market share in the SME space. To continue to meet client and market demands, we expect to make more appointments in the coming weeks and months,ö say Silva and Yong in a written statement.

ABN AMROÆs business banking operations provide solutions to Asian SMEs for managing cash and trade flows as well as to optimise returns on their business investments. It currently provides business banking across nine markets in Asia, with products including cash management, trade and supply chain, treasury, risk-management, investment products and services.
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