ABN AMRO plans to launch a hedge fund platform in London from which it will structure products, such as capital protected notes. The Dutch house is investigating setting up its own internal fund of funds and is also looking at running managed accounts. Gary Wolens, previously global head of equity derivatives, is responsible for heading the new business.
The venture is part of a restructuring of the bank, which has seen equity derivatives and cash trading merge as well as its retail structured product sales teams (DW, 12/3). Wolens could not be reached. Adrian Rimmer, spokesman for ABN AMRO, said the plans are still being discussed and declined further comment.
