Fortis unveils Asia team

Fortis Bank has unveiled its top management line-up to lead the expansion of its private banking arm into the Middle East and rest of Asia.

The Belgo-Dutch bank, which recently acquired ABN Amro's private banking business, announced eight appointments to its Asia team, expected to be operational at the beginning of the next year.

Fortis said collectively the team has 150 years of experience in world markets including Dubai, Hong Kong, Singapore, New York, London and Amsterdam.

After the integration with ABN Amro, Fortis in Asia will have 860 employees across five countries dedicated to private banking and will manage $30 billion (Dh110bn) of client assets and liabilities.