ABN AMRO's future is Singapore

ABN AMRO has announced a series of key appointments within its Asian futures business that establishes Singapore as its regional operations hub. The new appointments include Seth Deal as new head of regional operations, Robert Moxham as head of e-business, Michael Killian as head of business development for Asia Pacific and Michael Choi as head of futures in Korea.

Deal and Moxham are relocating from ABN AMRO in Sydney. Deal will be responsible for leading the bank's efforts to enhance its operations and client service capabilities in Asia Pacific. Moxham, who will take up a newly-created role, will be responsible for further strengthening the bank's position in e-business.

Killian, who joins from PFG Inc in Chicago, will be based in Hong Kong and is responsible for thebank's Asia Pacific inbound business and expanding the futures infrastructure. His extensive experience in Asia includes twice serving on the Singapore International Monetary Exchange (Simex) board.

Choi joins from CLSA Securities Korea. Before that he was responsible for sales and trading in regional listed derivatives in Hong Kong, Malaysia, Singapore and Taiwan for Credit Suisse First Boston.

Steve Ng, Managing Director for ABN AMRO's Futures operation in Asia, said: 'These strong additions to our Asian team further enhance the bank's position as one of the top futures clearers in the region and establish Singapore as a regional operations hub."

ABN AMRO ranked number one in electronic trading volume among the clearing members in Singapore Exchange (SGX) in July 2005.

Leong Yoke Chue has also joined the team in Singapore from Barclays Capital in Singapore, while Norman Tham, who was previously head of regional operations, assumes a new role as regional operations planning and business assurance manager.

ABN AMRO was founded in 1824 and has been active in Asia since 1826. It is the oldest bank in Singapore, established since 1858.