ABN-AMRO unit undergoes changes

DUTCH banking behemoth ABN-AMRO has unveiled a revamp of its wholly owned subsidiary ABN-AMRO Hoare Govett's fixed-income operations in the region as part of its Asian expansion strategy.

The bank said Robert Lindo, ABN-AMRO Hoare Govett managing director, was being transferred to ABN-AMRO Hoare Govett in Spain as general manager.

ABN-AMRO Hoare Govett's director for trading and sales Zafar Alam was being moved to Singapore to start a fixed-income operation focusing on Asian fixed-income markets, the bank said.

Robert Douch, formerly executive director of SG Warburg (Asia-Pacific), had been appointed director for sales Asia, heading the sale of products from the Group of Seven nations in the region excluding Japan.

It said Mr Douch's appointment coincided with the bank's commitment to expanding its fixed-income activities in international bonds out of Hong Kong.