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Ex-Greater China Specialist Returns To ABN AMRO Private Banking

Amisha Mehta Deputy Editor 18 July 2016

Ex-Greater China Specialist Returns To ABN AMRO Private Banking

The private banking arm of Netherlands-headquartered ABN AMRO has welcomed back a familiar face.

Donny Chong has rejoined ABN AMRO Private Banking as market manager for Greater China.

Chong previously spent a decade with ABN AMRO as a Greater China specialist. He left the private bank last year and joined Bank of East Asia Private Banking as market head, Greater China.

Chong, who has over 20 years of experience in the Greater China markets, will report to Ian Pollock, regional head of private banking North Asia at ABN AMRO. He will be based in Hong Kong.

“We are very pleased to welcome Donny back to our team and look forward to his valuable contribution as we continue to improve our service to our clients in the Greater China region," said Pollock.

In its first-quarter results released earlier this year, ABN AMRO reported that profit at its private banking arm had fallen by €44 million ($49 million) from the same period of 2015 to €43 million. Client assets at the division declined to €193.7 billion at 31 March 2016 compared with €199.2 billion at 31 December 2015, mainly due to negative market performance.

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