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27 February 2024

ABN Amro appoints new UAE country head

ABN Amro employs around 100 people in the UAE. (File)

By Reuters

Dutch bank ABN Amro  has appointed a new country executive for the United Arab Emirates as the previous head is to leave, the bank told Reuters on Thursday.

Rob Broedelet left this month to take early retirement after 35 years at the bank to start a consultancy working with private equity investors in the Middle East, according to a source familiar with the situation and Broedelet's LinkedIn page.

He will be replaced by Jagdish Hirani, former managing director of global markets for Asia at the bank, the bank said.

ABN Amro employs around 100 people in the UAE, where it specialises in commodity trade finance, diamond financing and private banking for high net worth individuals, source said.