UK – Former World Bank and IMF consultant Richard Duncan has been promoted to head of investment strategy at ABN Amro Asset Management.
Duncan - previously a senior investment analyst for ABN Amro AM in Hong Kong for three and a half years - takes up his new position with immediate effect.
He succeeds Han de Jong, 48, who has become chief economist for ABN Amro bank. De Jong is replacing Robert van den Bosch, 61, who is retiring.
Regarded by ABN Amro as “a move that will significantly strengthen its investment team”, Duncan, 45, has taken over the reins of the six-man team. He reports to chief investment officer for the fixed income team and chief executive of ABN Amro Asset Management in the UK, Paul Abberley.
Based mainly in London, Duncan will oversee strategic research, and analyse relative performance among the major asset categories, said a statement released today.
This appointment follows on the heels of the recent promotion of wholesale client unit CFO Sarah Russell to chief executive of the Dutch bank’s asset management division –succeeding Huibert Boumeester.
Russell is “delighted” with Duncan’s new position. “Richard is the ideal person to drive ABN Amro Asset Management’s investment strategy department,” she said.
ABN Amro Asset Management had €176.2bn in assets as at 31 December 2005.