Out of Amsterdam

Following up on a 1998 decision to expand aggressively out of its European redoubt, ABN Amro Asset Management is in the process of growing its investment team, product range and business relationships throughout this region, says Frank Kusse, CEO for Asia Pacific. The firm’s assets under management (AUM) in Hong Kong grew last year from Eu3.8 billion ($3.59 billion) to Eu7.5 billion, and its target is to manage Eu20 billion within five years – much of which will come from Japan. The firm’s global AUM is Eu135 billion.