New chief executive at ABN Amro, Robert Swaak, says exposure to two clients in the first quarter was disappointing as he ramps up review of the CIB division.
Tag: ABN Amro
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
A client could not meet margin calls on US options and futures trades, forcing ABN Amro to close-out the position and take a $200 million loss.
Robert Swaak replaces Kees van Dijkhuizen who has been chief executive at ABN Amro since 2017.
ABN AMRO Bank will use UnaVista’s platform for MiFID II and SFTR regulatory reporting.
ABN Amro Clearing to provide support for classic FX derivatives contracts with monthly and quarterly expiries, as well as rolling spot futures.
ABN AMRO says 250 jobs within corporate and investment banking will be cut to reduce costs across the struggling business.
Former Jefferies director to lead equity research in Americas for Japanese banking group.
ING appoints head of ECM and new MD, both from ABN Amro.