Fortis/ABN AMRO to be based out of Singapore
The expansion of the Fortis Private Banking business into Asia, including the integrated ABN AMRO private banking business, will be run out of Singapore.
Fortis Private Banking announced this week that it had appointed Singapore-based Jarend Janssens as the new Asia head of the combined Fortis and ABN AMRO business with effect from January 1, next year.
The Fortis and ABN AMRO integration will rank the combined group as one of the top 10 private banks in the world and the company has signalled that Janssen’s priority will be to grow Fortis Private Bank into a leading position in Asia by 2012.
Janssens said the key to growing the business for Fortis would be to capture wealth growth, protection and investment in the fast-growing upper Asian client base.
AUTHOR
Mike Taylor
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
