GLOBAL - ABN AMRO has appointed Sarah Russell to head up its global asset management group.
Russell takes over from Huibert Boumeester, who is to join the management board with responsibility for group risk management, corporate development and the group’s M&A portfolio.
The appointment comes on the back of organisational changes across the group, which look to enforce the bank’s mid-market strategy.
Russell, who has been with ABN AMRO since 1994 is currently managing director, CFO, Wholesale Clients (WCS) and member of the WCS Executive Committee, a position she has held since last year.
The restructure will see three global product units formed:Global Markets, Transaction Banking and Asset Management.
The new product structure is to complement seven client facing business units, made up of five regional units and two global units.
This is the next step in aligning our organisation further with our strategy, enabling us to serve our clients even better by drawing on the untapped potential of the group, said Rijkman Groenink, chairman of the managing board of ABN AMRO. Our network offering and product suite will be open to a wider spectrum of our client base, ensuring that we are the bank of choice for our customers. With the adjustment to the structure, we are well placed to realise our profitable growth potential.
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