ABN AMRO Private Banking further expands offering within Middle East

The bank's increased focus on the region will see ABN AMRO Private Banking extend and integrate its advisory activities to provide private clients with a platform for diversification of assets into currencies to further enhance return on their portfolios.

"The Middle East region has been identified as a key market for private banking with its presence of a very sizeable number of high net worth clients - both nationals and from within a large expatriate community. ABN AMRO's successful operations in the UAE have greatly encouraged us to pursue further growth strategies in the region, and the launch of the Treasury Advisory service fits well with our global strategy on private banking". said Gilles Rollet, Head of Private Clients, Middle East and the Indian subcontinent, ABN AMRO.

Hatem Jerad, CFA heads the Treasury Advisory group and has 13 years of Treasury and Investment experience.

Sonia Chhoda joins the UAE based team with 9 years of Treasury experience and will be assisting Mr. Jerad in this new set up.

"With Foreign Exchange now being considered as a new asset class, the advisory team offer clients a personalised solution to enhance return on their liquidity, FX can be used as the underlying to structure deposits that provide investors with better yields or returns on their assets than conventional money market deposits" adds Gilles Rollet.

ABN AMRO Private Banking UAE has a presence in both Dubai and Abu Dhabi with two distinct teams servicing the Middle East and Sub continent markets. ABN AMRO's philosophy is based on partnership and trust and its Private Bankers are dedicated to successfully structure and manage client portfolios, delivering added value and enhancing individual wealth.

The Treasury desk for Private Clients will be available from 8:00 am in the morning up to 12:00 midnight (UAE time) for advisory and trade execution services.