Sunday, November 4, 2007

ABN Amro sets sights on IDR

ABN Amro sets sights on IDR

JOHOR BARU: ABN Amro Bank Bhd, which sees good economic growth in the southern region with the implementation of the Iskandar Development Region (IDR), said the bank¡¦s expansion to Johor would further strengthen its presence in Malaysia.

Managing director and country executive Harry Naysmith said: ¡§Being present in the areas with potentially high growth in the future such as the IDR is a priority for the bank in Asia,¡¨ he said at the opening of the bank¡¦s latest branch at Taman Molek near here by chairman General (Rtd) Tan Sri Mohd Ghazali Seth on Friday.

The bank is a wholly-owned subsidiary of ABN Bank N.V. It has been in Malaysia since 1889, with branches in Kuala Lumpur, Penang and Labuan.

ABN Amro Malaysia offers cash management, trade services, working capital facilities, derivatives, structured finance, foreign exchange, fixed income and capital market transactions.

He said the bank anticipated that there would be strong demand for wealth management and financial services with the establishment of the Southern and Northern economic growth regions.

Naysmith said the bank wanted to partner with more Malaysian companies and customers to help them tap the opportunities offered by the growth corridors.

¡§Our Johor Baru branch in the heart of the IDR is an ideal location to serve local and foreign investors,¡¨ he added.

The Johor Baru branch features exclusive Van Gogh Preferred Banking services that provide wealth management solutions with tailor-made quality financial products.

Naysmith said one of the key reasons for the bank¡¦s success in Malaysia was its ability to offer global banking expertise with an understanding of local customers' needs.

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