ABN Forms Ultra High-Net-Worth Group
ABN AMRO in London has launched a group that will cater to ultra high-net-worth clients seeking to diversify their portfolios through the use of derivatives, risk arbitrage and private equity investments, according to a company official. "The group will do everything that involves investing assets and making more out of it," a company official said. Jan Ebel Bos, managing director of marketing in the global equity derivatives group, and Eelco Rooimans, global head of equity derivatives trading in London, are the co-heads of the new group, called the global wealth structuring and advisory group. Bos and Rooimans declined to comment.
The bank plans to staff the group with a team of 10 traders, structurers and salesman. The hiring will be completed by the end of the year. Bos' former position is being filled internally, a company official said. "We are doing some internal shuffling," he quipped. Paris Badekas, head of equity derivatives trading in Tokyo, has moved to London to replace Rooimans. Bos and Rooimans report to Jan Koopman, head of ABN's private client group.