ABN Amro to expand selectively in Asia
Maureen DeRooij, chief executive Asia-Pacific, says focused nature means that the bank will grow at a steady clip amid boom and bust.
ABN AMRO has a way of toasting to the deals they did not do - that is, when those deals go bust.
It is not too surprising, when considering the Dutch bank is focused on trade finance deals in sectors that would raise some chills at first mention. Some industry examples that prove the point: shipping, energy, and metals - all of which have gone through some painful corrections in recent times.
ABN AMRO is now pacing itself in expanding in Asia to tackle specialised demands from these sectors, having showed off its niche understanding in selecting companies to back, and in pricing risks right.
Copyright SPH Media. All rights reserved.
