The bank agrees to buy back equity-linked notes issued to retail investors between July 2007 and May 2008.
Tag : abn amro
Much-increased market volatility and a more flexible short-selling regime are combining to boost interest in high-frequency trading in Japan.
The Dutch lender continues its private bank expansion in Asia, hiring Ian Pollock, the former regional head of VP Bank, to replace Arjan de Boer, who is being promoted.
Bank compliance and legal counsel officers raise serious doubts over how new regulatory rules to curb rogue algo trading would be applied and who would potentially be held liable.
ABN Amro Private Banking, BNP Paribas Wealth Management and BNY Mellon all make senior hires.
Jan Lee joins BoS as chief economist and Alistair Marsh is appointed head of trading advisory and product development, as Mark Chan moves to ABN Amro Private Banking.
Phyllis Fong will replace Peeter Chris t Hart who moves to a new post in France following two other switches in senior management.
Arjan de Boer has taken up the role previously held by Hans Diederen, the Dutch firm's head of Asia.
French fund house BNP Paribas Investment Partners' new asset-management joint venture with Taiwan Cooperative Bank comes as a surprise to some.
The sale will be made to comply with regulations. Fortis had to sell one of its asset management companies in China and opted to keep Fortis Haitong.
KC Reddy will lead the fund houseÆs equities and fixed-income investment team.
Richard Wohanka, CEO of Fortis Investments, details the new structure and ambitions in Asia following the firmÆs acquisition of ABN Amro Asset Management.