ABN AMRO expands local presence in Dubai
ABN AMRO has strengthened its bank's ability to service clients with the recent addition of a working capital business team based in Dubai. The team, part of ABN AMRO's Working Capital business unit, comprises of local sales and trading professionals and will work closely with ABN AMRO's relationship bankers in the region.
As part of ABN AMRO's program of business development in the region, the bank sent high-level representatives to Dubai to host a workshop to discuss dollar clearing with personnel from some of the regions leading banking institutions earlier this week.
ABN AMRO is is a major clearer of dollar transactions and provides a range of market leading products and services. These include euroSmart, a clearing product and a key factor in the German Bundesbank's selection of ABN AMRO as their only euro clearing provider outside of Europe.
Netherlands-based ABN AMRO is a leading international bank with total assets of approximately €556 billion. It has over 3,000 branches in 66 countries and territories, and has a staff of about 105,000 full time equivalents worldwide. — (menareport.com)
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