ABN AMRO has opened its Sydney branch after receiving approval for a banking licence from the Australian Prudential Regulation Authority in October 2018.
The opening of the branch builds upon ABN AMRO Clearing’s securities services business that celebrated its 20th anniversary in Sydney last year.
ABN AMRO also has offices in Hong Kong, Shanghai, Singapore and Tokyo.
Rutger van Nouhuijs, CEO of corporate and institutional banking at ABN AMRO, said: “ABN AMRO’s clients already do business in Australia with four out of five of its largest trading partners located within the region accounting for almost half of its total exports.”
Jaap Kalverkamp, CEO of Asia Pacific, commented: “Australia has many internationally active home-grown companies in sectors we cover. We are looking to share our expertise and experience as a sector bank to support Australian and other Asia Pacific companies.”
