In line with the strategic update as announced on 16 November 2016, ABN AMRO has decided to sell its private banking operations in Asia and the Middle East to LGT. LGT is a leading international private banking and asset management group.
ABN AMRO Private Banking received two accolades at the Global Private Banking Awards 2016.
ABN AMRO Private Banking expects a second wave of financial flows into emerging markets, as stated in the bank’s new Investment Outlook published today. This development is driven not only by improving commodity prices, but also by the improving prospects for global manufacturing and consumer demand, which will benefit Asian emerging markets. ABN AMRO Private Banking therefore favours both emerging market bonds and equities for their return and geographical diversification potential.
ABN AMRO Private Banking has ranked first among 35 leading wealth managers and private banks globally in the annual benchmarking study ‘Websites for Wealth Management 2016’ conducted by the Swiss research company, MyPrivateBanking Research.
The UK’s decision to leave the EU is no reason for ABN AMRO Private Banking to make any drastic changes to its equity policy. ‘It’s senseless to sell equities at fire-sale prices amid the commotion,’ says Didier Duret, Chief Investment Officer at ABN AMRO Private Banking. ‘It is mainly driven by political lack of visibility right after the vote to leave the EU. Visibility will come as the UK and EU leaders have to agree on a workable road map for the UK to exit.’
Last Friday the British people have voted for the UK to leave the EU. Maurits Heldring, senior Equity Analyst at ABN AMRO, shares the equity view on video.
Thursday 23 June, the British people will vote on whether the UK should remain in or leave the EU. Today in a video, Maurits Heldring, senior Equity Analyst, shares the latest equity view.
ABN AMRO Private Banking was named ‘Best International Clients Team’ at the 3rd WealthBriefing Asia Hong Kong Awards.
Jaap Rijnders, equity analyst at ABN AMRO, was interviewed on video about the impact of a possible Brexit on equity markets.
On 23 June, the British people will vote on whether the UK should remain a member of the EU or not. As part of our communication to clients, we have developed 3 short videos in which we explain our view on a possible Brexit.
