abn-amro-raids-hsbc-for-private-bankers

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 2005 and now, the bank has increased AUM from $10 billion to around $20 billion.

The six new bankers from HSBC have come from Taiwan. The other two have come from Taishin and Blackrock. All...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222