06 Nov 2006, Joe Morgan, Risk magazine
Mike Egerton and Jonathan Kent will also join the team in London. Egerton previously worked at Dresdner Kleinwort, where he was responsible for sales and marketing of structured products. Kent joins from Dresdner Kleinwort Benson where he was deputy chief investment officer and head of investment products. ABN Amro plans to expand the team further, with more hires due next year.
ABN Amro’s private investor products business has more than €26 billion of assets under management. By creating a Ucits III umbrella fund, to be known as Proteus Defined Funds, and a Non-Ucits Retail Scheme, called the Proteus Diversified Fund, ABN Amro will offer private banks, stockbrokers, discretionary managers and private investors access to structured products through a familiar and regulated vehicle. The Proteus Defined Funds will invest in equities, commodities and volatility products.