ABN Amro Mellon's chief speaks on the company's new structure

Marinus Maaskant, ABN Amro Mellon''s CEO, tells why a restructuring was necessary and how sub-custodians should reinvent themselves.

Q From 1 December 2000, the custody division of ABN Amro has taken away the regional dimension from the business, focusing instead on client management and product lines. Why such a move

A First of all you have to understand that our sub-custody business is basically looked after by ABN Amro, which has domestic business in eight Asian countries. On the global custody side, we have ABN Amro Mellon, which is a joint venture between Mellon Financial Corporation and ABN Amro formed in 1998. I am CEO of ABN Amro Mellon and in charge of both domestic and global custody.

In the custody business, two things are very important they are client management...

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