The acquisition of ABN Amro's private banking units in Singapore and Hong Kong by Liechtenstein's LGT seems to have gone through without much pain. For some ABN Amro bankers though it has meant no gain.
Liechtenstein's LGT Group recently confirmed to finews.asia the management re-shuffle across its Asian wealth management units. These include the appointment of Hanspeter Oes to a newly-created role of regional chief operating officer for Asia.
Karl-Heinz Klaus has taken on the role of head of private banking for Hong Kong, with Silvan Colani becoming head of Singapore private banking.
Silvan Colani and Dominique Joye will retain their existing position as CEO of LGT Bank (Hong Kong) and CEO of LGT Bank (Singapore) respectively.
Lack of ABN Amro Executives
To date though no Asian based senior ABN Amro bankers have been made it into executive positions.
According to research done by finews.asia, Asian wealth management veteran Ian Pollock remains with ABN Amro Bank, his registration at the Hong Kong Monethary Authority is still under ABN Amro and has not been transferred to LGT.
No Stranger to Liechtenstein
When finews.asia enquired about Pollock an LGT spokesperson did not comment, but two sources familiar with the matter confirmed this information. Pollock is no stranger to Liechtenstein financial institutions having undertaken a stint as the regional CEO for Asia at the other Liechtenstein bank, VP Bank.
